7 Ways to Boost Business Productivity
Running a business is hard. You have to always be pushing forward, looking for larger profits and increased productivity. Endless growth is a very difficult achievement, so it is best to take all the advice you can get. Here are some tips that may help you boost your company's productivity.
1.Motivate your employees
Employees are the biggest variance between a well-run business and a poor one. Having happy employees makes them more productive. Yet if your employees get too comfortable, they may lose their edge. So how do you get your employees to stay at the sweet spot in-between? By having a system of rewards and accountability. Give out effective bonuses that are tied to performance and make them have strict requirements.
2.Hire someone hungry
If your old employees are not cutting it, it may be time to hire someone new. More specifically, someone hungry to prove themselves and ready to succeed. After the interview, a quick and easy background report, and effective training, this new hire can bring a fresh eye to old issues. It can also give old employees some extra incentive to get out of their comfort zones up their productivity.
3.Cut down on distractions
Cutting down on distractions is easier said than done. Tech is a part of everyday life, so making sure your employees are not distracted by it at work can be tougher to put into action than you might think. Plus, if your restrictions become too draconian, your employees will begin to resent you and productivity will likely falter. You need just enough roadblocks so that your staff is efficient, but not too restrictive to reduce their ability to function. Blocking some of the biggest time-wasting websites in the office like Facebook or Reddit can be a good way to focus your employees on the bigger picture.
4. Give breaks
This one is important for avoiding burnout. Staff burnout is one of the worst killers of productivity because it can take a great staff member and render them ineffective. The best way to avoid that is to give breaks. Not just throughout the day, but also breaks throughout their year. Give them a couple of weeks of vacation, and make sure that it is actually used. If you are willing to go more radical, consider that studies have shown that a four-day workweek can lead to an increase of productivity by 20% over a five-day week. If you are willing to go that far, you could cut not only down on the hours worked each week, but still, see an increase in productivity.
5. Listen to your employees
Sometimes you do not know best. Many companies have been laid low by bad management, and bad management comes from ignoring your employees. Employee reviews should not only be about how well the employee is doing but also any problems they may run into when doing their job.
Furthermore, listening to your employees and appreciating them increases their satisfaction with the company. Acknowledging their successes will help them feel better, and in turn, want to be more productive. Plus, it is cheaper than giving them a bonus.
6. Reduce inefficiencies
This goes hand in hand with the last tip. After you find your problems by listening to your employees, it is time to fix them. There is nothing worse than finding something wrong, letting it fester, then having it get worse because it took too long to address the issue. Make sure that when you address a problem you are actually fixing it and not making a new one. Take the problem into careful consideration, get feedback on a potential solution, and then make a sound decision based on what you have found. With these steps, the problem should hopefully be fixed for good.
This is probably the simplest, but most expensive way to improve your productivity. Upgrade your business. Get better supplies, hardware, software, and newer models of old tools you use every day. While upgrading everything yearly is not probably in the budget, try to budget out some money every year to change out your worst-offending items.
Every single one of these tips should help boost productivity. If you find them useful, or if they spark an idea for you, take advantage and reap the benefits!