National Congress: Innovation and financial management increase efficiency by tens of millions of yuan

Since the beginning of this year, Shandong Guoda Gold Co., Ltd. has continuously innovated its internal management mechanisms and vigorously promoted new management methods, focusing on "tapping potential for efficiency gains, reducing expenses and consumption." By launching two activities, "All-staff Innovation" and "Household Management," it has effectively stimulated employees' subjective initiative and creativity, creating favorable conditions for a substantial increase in corporate profits.

All-staff Innovation, inspiring creativity.

2007 is the Year of Innovation for Guoda Company. Since the beginning of this year, the company has placed innovation activities in a more prominent position, proposing the work philosophy of "All-staff Innovation" and requiring employees to change their mindset, act immediately, and actively participate in innovation activities.

To promote the in-depth development of innovation activities, Guoda Company held a mobilization meeting for the Year of Innovation activities, attended by principal persons in charge from various units, team leaders, and employee representatives. The meeting mobilized and deployed the activities, and simultaneously revised the gold medal incentive system, establishing an incentive mechanism for employees' "Five Small" innovation achievements. By integrating employee innovation achievements with special contribution awards, gold medal incentives, and other systems, the company fully stimulated employees' enthusiasm for innovation, creating a strong innovation atmosphere throughout the company.

Under the company's unified organization, each production workshop, taking the team as a unit, fully leveraged the leading role of team leaders and technical backbones in innovation by organizing production target competitions, economic and technical indicator competitions, and regular experience exchanges among teams. This actively guided employees to solve production and operation challenges based on their positions, driving the vigorous development of innovation activities.

Under the guidance and encouragement of various measures, employees' enthusiasm for innovation was high. They brainstormed around key and difficult issues in production, actively put forward rationalization proposals and put them into practice, exploring many new operating methods that effectively solved practical difficulties in production and operation, and improved work efficiency. The continuous emergence of innovation achievements, primarily "small inventions, small creations, small improvements, small designs, and small suggestions," not only added new highlights to production and operations but also further improved the company's economic benefits. From January to July, the company accumulated 195 innovation achievements, put forward over 100 innovation suggestions, and created over 6.1 million yuan in economic benefits.

Household Management, enhancing cohesion.

While focusing on innovation activities, to further stimulate employees' sense of ownership, reduce production costs, and improve corporate efficiency, Guoda Company has also organized "All-staff Household Management" activities since the beginning of this year.

Since the launch of the activity, the company established a Household Management Activity Leading Group, formulated the "One-Yuan Benefit Award Method," and specially printed and distributed the "Household Management Ledger" to every employee. Employees can record their financial management content at any time during daily work, and after review and acceptance by the Activity Leading Group, they can apply for company rewards. The Activity Leading Group conducts irregular spot checks on the usage of the "Household Management Ledger" and strictly reviews and approves the household management achievements, ensuring the authenticity, accuracy, high quality, and efficiency of the household management activities.

According to the company's unified deployment, each unit, with cost control as its goal, started with small matters such as gold concentrate recycling, telephone bill savings, and textile bag reuse. They mobilized employees to offer suggestions and ideas on improving production and operation indicators, enhancing product quality, and developing and utilizing new technologies, doing everything possible to reduce the consumption of raw materials and auxiliary materials, and actively practicing household management. Whether it was recycling an old screw or saving a piece of equipment, the employees' initiative and creativity in managing the company's finances were reflected everywhere. The "Household Management Ledger" in the hands of employees was no longer blank but constantly filled with the passion for household management and vibrant vitality.

With the efforts of all employees, the Household Management activity achieved fruitful results. From January to July, various units reported 951 financial management items, increasing the company's benefits by over 4 million yuan.

Continuous advancement, enhancing competitiveness.

The launch of "All-staff Innovation" and "Household Management" activities not only provided an effective way to implement Guoda Company's "Five New Concepts" but also greatly mobilized the sense of responsibility and enthusiasm of all employees, providing a good platform for employees to showcase their talents.

To promote the deep and lasting development of these two activities, Guoda Company further strengthened the organizational leadership of the activities based on the principle of "three combinations": First, combine innovation and household management activities with the improvement of employee skills, actively carrying out "apprenticeship programs," on-the-job technical competitions, and professional skill training to promote employee skill enhancement and enterprise efficiency improvement. Second, combine innovation and household management activities with the implementation of "position company system and employee manager system," organizing employees to innovate and manage finances around their positions to ensure that the two major activities are close to production and effective. Third, combine innovation and household management activities with employee income, by formulating and improving corresponding incentive policies, increasing rewards, and widening the income distribution gap among employees.

At the Innovation and Household Management Commendation Conference held in May, Guoda Company not only awarded gold medals, silver medals, and cash prizes to 23 innovation and household management experts but also provided equivalent or even extra-value rewards for some innovation and household management projects. Among them, an employee from Gold Smelting Company No. 3 utilized discarded float ball materials to modify an automatic liquid level control instrument, saving 5,000 yuan annually, and received a 30-gram gold medal award.