When it comes to improving margins in your business, most companies immediately start to think of how they can reduce the employee headcount, slash supplier prices, or hike prices.
But one of the most obvious ways to improve margins often falls by the wayside — improving productivity with your employees.
If you improve productivity in your business, then you can expect to get more work out of the existing employee base that you already have. This means more products, better services, you name it. That in turn could translate into more revenue, which means that you’re making more profit since you haven’t changed any cost factors.
If you’re sold on the importance of productivity improvement, then you’re in the right place. In this article, we’ll teach you the nitty-gritty of how to improve productivity at your business.
Contents
1Reduce Distractions
The first way to improve productivity is to ensure that when your employees are working, they are actually getting stuff done. The best way to do this is to eliminate all other distractions for the work environment.
By creating a distraction-free environment, employees can engage in deep work that will enable them to get more done in less time.
2Consider Catering Meals
One of the more counter-intuitive ways to improve employee productivity is to cater meals in the office. But when you think about it, you can easily see how this additional cost can drastically hike productivity.
When employees don’t have catered meals, they are likely to take a full hour to go get lunch at a restaurant nearby. But when meals are catered, they’re likely to instead just finish their meal and get back to work in half the time or less. You enable them to do more work, while also giving them a substantial perk (free food!).
3Invest in the Right Tools
Another way to boost productivity is to invest in the right tools. Whether it’s software for white-collar employees or hardware for blue-collar workers, investing in the right tools that were specifically created for their tasks at hand will ensure that your team spends as little time as possible on manual tasks that detract from productivity.
4Reduce Hierarchies
While hierarchy can help set management structure, it can also introduce lots of red tape and bureaucracy that slows projects down. Consider reducing hierarchy. Strike a balance between ample management structure and lean project teams that enables productivity.
5Set Goals
Last but certainly not least, it’s important to have defined goals that drive your employees’ productivity. Whether you sell consulting services or landscaping, by having goals for your employees you can ensure that everyone is aligning their efforts to achieving a common objective.
Improve Productivity at Your Business
There you have it. Now that you know how to improve productivity at your business, all that remains is for you to start implementing these productivity hacks in your work environment today!
For more business advice, be sure to check out the rest of the articles available on the website!
