Is Productivity Important for Businesses?
Every successful business regardless of its nature and size keeps productivity on the top of its agenda. If your competitors are more productive than your organization you are in big trouble, my friend! What’s more scary is ending up with a higher cost of production, declining profits, and eventually losing your business to the competition.
But this is not what we want, right? Do not worry, we have a solution for you! Keep on reading to know the importance of productivity and why businesses should invest in it.
How do Inefficient Individuals and Teams Affect the Organization?
On average we spend most of our time with 6 people. We subconsciously adopt the behavior and the mindset of the people around us, in this case, our colleagues and work friends. Also, keep in mind, that a motivated, proactive and efficient mindset not only creates an efficient but also productive environment. This is so powerful!
On the other hand, less efficient, procrastinators, and distracted individuals kill the productivity of the whole team. Here is why inefficient individuals and teams are bad for business:
Waste time, energy, materials, efforts, and money of the organization.
- Contribute to lack of innovation and creativity.
- Develop a toxic work environment.
- Poorly communicate.
- Get less work done.
- Less motivated.
- Lose focus and get distracted easily
- And the list goes on and on, productivity can destroy your business like a bowling ball knocking down the pins in no time.
Why Do You Need to Prioritize Productivity?
Even a team with an A+ skill set can do nothing without appropriate productivity systems in place however if you create an efficient productivity framework you will see these benefits:
- Better time management (less wasted time).
- Business growth.
- Get more things done.
- Low cost of production.
- Better work environment.
- Sparks innovation and creativity.
- Achieve the organization’s goals.
- Fast decision-making and increased work pace.
- Improve job satisfaction and motivation.
How to Increase Productivity and Get More Things Done?
Helping your team become more productive and efficient and supporting them through that change is a core skill for any operation manager. Start today by acknowledging the need for change because they might not know that they’re less efficient and that it is essential for them to be more productive.
The next thing you will have to tackle is time management, better time management equals more productivity, you can do this by tracking the time and setting a time limit for each task, Parkinson’s law state “work expands to fill the time available for its completion”.
Setting specific goals and specific dates for projects, and clarifying expectations of what needs to be done and who needs to do it also help a lot
Set daily meetings, this might seem a stressful thing to do but when you get used to it, the team will become collaborative and more supportive of each other. Reward team behavior and create a supportive environment for the team, what makes the highest performing is not their intelligence but their willingness to be there for each other.
Help your team members improve, a survey has shown that 80 to 90% of employees spend less than 50% of their working time working on their top goals. Embrace technology, use productivity and project management apps and software like Notion, ClickUps, Asana, and Trello, to create To-do lists track projects, create schedules and set up reminders … etc.
Maintaining productivity is more important than ever in this modern age and with people working in hybrid and remote positions. Do not forget, “Whatever we allow we encourage” the change starts from the management, help your team reach their full potential, and watch your organization grow