When it comes to doing business in 2015, the adage, “time is money,” has never been more true. Maintaining the productivity of your business is critical to achieving long-term success. However, keeping your business productive can be a challenge. But fear not – we have some great productivity tips for you.
Not sure if business productivity is an issue? In this Microsoft study, researchers have found that employees only use about 60% of their work time. That means for every three days of productive work there are 2 days unaccounted for. How would this effect your bottom line.
Without the proper management, business productivity can be easily lost at any level of your organization. This might include costly bottlenecks in internal processes or a loss of employee focus. Regardless of the productivity issue, it can all be viewed as lost time… which translates to lost money.
In order to help you improve your business productivity, we have compiled 10 easy to follow productivity tips to keep your company in shape.
10 Business Productivity Tips:
1. Review Internal Operations: Frequently analyzing your internal operations is an important step in improving productivity. As a business, your primary concern is satisfying your customers. Reviewing how you achieve customer satisfaction will help you to identify inefficient business strategies and shed light on new opportunities to increase business productivity.
2. Monitor Performance: One of the easiest productivity tips is to assess the performance of your internal assets, most importantly your employees. By measuring employee performance and showing concern for their needs, you will be able to retain and enable a more efficient workforce.
3. Consolidate Functions: Compartmentalizing employee tasks is a great way to complete multiple objectives with less friction. By consolidating the work of your employees into smaller chunks, you will be able to streamline their workflow and drastically improve productivity levels.
4. Train Up: Have a great workforce? Make them even better by providing learning opportunities. Enhancing the skills of your employees will help them to better serve your business, handle new equipment, and perform more efficiently. Additionally, employees often feel indebted by such opportunities, leading to an increased obligation to apply their newly gained skills on the job.
5. Encourage Employees: No business can be successful without the support of their staff. It is critical that you encourage your employees and promote a sense of personal ownership or stake in the company. A little encouragement helps employees feel valued, pushes them to work harder, and can even help increase overall workplace happiness.
6. Instill Accountability: Your employees should feel accountable for their actions. Having a sense of ownership is important in fostering a responsible workforce.
7. Foster Teamwork: Teamwork will always be important when discussing productivity. However, this must be done through strategic team building which often begins at the hiring stage.
8. Follow Up: Just as important as it is to set goals, you must also follow up on the progress of initiatives. Without follow through, it can be difficult to keep employees on track. Following up (not to be confused with micromanaging) can also help identify broken processes before it is too late to salvage.
9. Invest in Technology : In order to perform the best, you need to arm your business with the best… whatever that might be. Your business should invest in the machines, devices, and technologies that will provide the best possible results in the least amount of time. In addition to business critical equipment, you should also consider empowering your workforce with electronics such as smart phones, laptops, and up to date software.
10. Maintain Client Interaction: The customer is always right. So ask them for help! Collect feedback and monitor issues that might arise. Ensuring the happiness of your customers, and evaluating their dissatisfaction, will help improve your overall service and productivity.