Employee happiness can really make or break productivity when it comes down to it. You can invest in the latest technology and fine-tune your company operations to every last detail. Still, if employees feel undervalued, productivity will suffer.
In a formal sense, productivity refers to how well an organization converts input into goods and services or output. Basically, increasing productivity just means working smarter.
Here are 3 strategies for improving business productivity
📌 Use technology to improve your operations.
Technology can play an essential role in creating lean and efficient processes. It can help you reduce or eliminate duplications and delays in the workflow and help you speed up by automating specific tasks. Three areas where technology can create efficiencies are inventory management, project management, and metrics monitoring.
📌 Review your existing setup
Keep in mind the overall objective and vision of the business, and ensure the processes meet those goals and add value. Improving productivity is an ongoing activity.
📌 Implement a continuous improvement approach
Get external help to assess your business weaknesses and strengths. This gives you an objective viewpoint from which you can improve productivity and redesign processes. Assign specific teams to specific problems or functions for a redesign.
Can your operations be more productive? Learn the answer here