The pandemic compelled businesses to examine their finances to check if their employees’ productivity was affected by the health crisis. This is particularly true with companies that asked their employees to work from home.
Ensuring productivity among its employees can positively affect the return-on-investment (ROI) of the company. The ROI of a company is important these days due to the uncertainty of the situation. The company needs to avoid a negative ROI since it may lead to more losses in the future.
With this, it should look for different ways to increase employee productivity. Managers can opt to provide higher salaries or lavish gifts to their employees to encourage productivity. They can even propose a generous retirement planfor employees who contribute to the company’s overall productivity.
But there are more effective and practical ways to increase employee productivity. They can start by engaging the employees. Engaged employees are loyal, productive, and excel in customer service. They also perform better compared to disengaged employees.
Engaged employees also contribute to higher profitability for a company. This means they can help a company attain a positive ROI and expand in the future. Here are some ways a company can facilitate the increase of productivity among its employees.
Promote Learning Opportunities
One way to increase employee productivity is to provide learning opportunities. Research has shown that employee productivity increases when employees have access to continuing education. The learning opportunities include employee development and cross-training within the company. Additionally, companies can also assist with tuition to their employees to receive education from colleges and universities. Many of these colleges and universities offer online learning, which is suitable for the current situation.
Employees without a bachelor’s degree can get one through an education program that the company offers. On the other hand, an employee who has a bachelor’s degree can pursue a master’s degree in his line of work. For instance, an office administrator with a business degree can enroll in a Master of Business Administration degree offered by universities across the country. The degree increases the employee’s knowledge and skills that he can use to help formulate corporate strategies to allow the company to expand.
Companies with communication barriers between the employees and managers tend to have issues with productivity. The company needs to encourage communication between management and the employees. The managers should not close their doors on the employees so that they can effectively communicate their responsibilities and expectations while working.
Open communication between employees and managers promotes productivity since the employees feel connected to the company’s mission and goals. They will see the vision of the company and work towards achieving the vision. The managers should also be open to suggestions from the employees who are in the frontlines of the business. In the end, communication nurtures employee efficiency and increases job satisfaction.
Set Achievable Goals
Setting goals give employees something to aim for. But these goals should be achievable, or else the employees will be discouraged, which can affect their productivity. Setting achievable goals allow employees to motivate themselves and increase their confidence in achieving the goals. This promotes productivity and enhances employee performance.
The goals also compel employees to follow the system the company established to analyze performance. It also allows them to take ownership of their responsibilities and aim to achieve their goals. Additionally, it also encourages the employees to work with each other to reach their goals.
The managers should also monitor the progress of the employees. They should check how close they are to attaining their goals. Moreover, providing rewards for reaching the goals is another incentive for the employees who perform well in their jobs.
Provide Necessary Tools
Providing the employees with the necessary tools is important to increase their productivity. Employees find it frustrating when they are not given the tools that they need to accomplish their jobs. This can lead to lower productivity, which can affect the ROI of the company. When the company provides the necessary tools, the employees become effective in their jobs.
When employees work remotely, the company should provide them access to the company’s system to allow them to do their jobs. This highlights the relevance of cloud computing in the current situation. So, companies should make sure that they take the necessary steps in providing the tools the employees need to increase their productivity.
Increasing productivity does not only mean providing rewards and incentives to the employees. The company should also consider other practical yet effective methods in helping their employees to become productive.