Increasing Productivity in the Workplace
Highly engaged employees were found to be 26 percent more productive than their disengaged peers. How does this affect the bottom line for companies? One study found an increase in total returns of 13 percent. Increasingly employees are looking for value and meaningful recognition that has no price tag. So what exactly is motivating employee productivity? Recognition, Opportunity and Relationships.
Recognition: Positive feedback is instant recognition you can give to an employee that will give them a sense of pride. How does this help productivity? Your employee knows that you appreciate their efforts. According to the USNews.com article, How to Give Positive Feedback at Work, identify how your employee’s efforts made a positive impact on the team and the organization. One study suggests that recognizing employee’s strengths encourages their team to thrive.
Opportunity: Giving employees the opportunity to use the skills they have helps them develop and take their skills to the next level. Encouraging a lifelong learning culture can take your company a long way. According to the smallbusiness.chron.com article, Effects of Training on Employee Performance, training enhances morale on the job and can even increase employee loyalty—two important motivators of productivity.
Relationships: Leadership is not always easy. Engaging employees can be a challenge. The key is finding ways to inspire your employees. Communication has been and always will be a major component of all relationships from top level management to individual team members. Open, honest communication must be a priority in business. Once you have your communication down, how do you get your team to adopt your goals? According to the study, Management Leadership and Productivity Improvement Programs, management needs to focus on goals that matter. Management support for Education and Training, Empowerment, and Reward Systems can be used to motivate employees and employees who feel that their leadership cares are more productive.
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