Companies Need to Focus Less on Products, More on Individual Employee Performance
Employee Productivity is Paramount
Effectual employee productivity is an integral aspect for effective company or business operations. The individual employee performances largely dictate the success of a company. Lazy, unproductive employees produce equally disappointing results while smart, productive employees contribute to a company’s growth by regularly producing transcendent results. Therefore, it is very crucial to take individual employee productivity into consideration when analyzing a company’s overall progress.
Employees are a company’s most valuable asset. Unfortunately, a significant percentage of business owners direct all their attention to products and ignore the particular employee development strategies. The end result, despite a possible product upgrade, is usually reduced company profits because of the decrease in employee motivation. Therefore, for optimal business development, the employees have to be developed and motivated individually. Here are the five main methods of motivating employees and improving their productivity.
5. Address Employee Concerns
The best way to assure employees of their value in a company is not by increasing their pay, but by rather responding effectively to their concerns. Although some employee demands may not be easily implementable by a company, the executive should always encourage them to communicate on their concerns. If the concerns are executable, they should be addressed immediately, regardless of how minimal they may seem. This assures the employees that they are exceptionally valued, which boosts their work morale and eventually their productivity.
These are the five sure methods which executives and business owners ought to employ to increase their employee productivity. With time, this has a significant effect on a company’s development and profits made. Business owners and executives are encouraged to employ them in their regular relations with their employees.
4. Challenge Your Workers
To keep an employee meritoriously engrossed in his/her job, it has to be relatively challenging. Assigning employees minimally challenging jobs bores them especially when they are done repeatedly. To boost the employee productivity, keep them on their toes with jobs. Be creative and come up with better, more challenging tasks every day. ‘Challenging’ however, doesn’t necessarily mean more work. In fact, it could be lesser work but ideally challenging.
3. Ensure Job Security
The biggest threat to an employee is the fear of losing his/her job. Contrary to popular belief, job threat does not challenge an employee to work better and be more productive. Instead, it largely discourages an employee, hence reducing his/her productivity. Therefore, executives shouldn’t rely on this as a method of indirectly boosting an employee’s morale. They should rather show support to the individual employees and encourage them to be more transcendent in their jobs.
2. Implement Training Programs
Most companies implement employee training programs only to new recruits. There is no further training done on old employees. Therefore, most employees only go through training programs when they switch companies. This however, is a very ineffective business strategy especially since businesses, just like technology, are not static. Businesses undergo change as time progresses.
For effectual employee productivity, employers have to ensure that the individual employees adapt to the changes in their respective departments. This can only be done through occasional departmental training initiatives. In business, the first company to adapt to the changes in the commercial environment usually has a significant advantage over its competitors. Therefore, although occasional training may seem to be costly, it is really worth the cost.
1. Get the Right Fit
Although most employers think they understand this fundamental aspect of employment, many employees are wrongly matched to their jobs. The main factor for employers when choosing employees is the academic qualification. Very few employers thoroughly analyze the individual employee skills which make them most suitable for certain posts.
Job fit, as it is famously referred, is the matching of employees to the suitable posts according to their skills. When this is done meritoriously, employees easily adapt to their suitable posts and work very efficiently, hence being more productive. Allocating specific jobs to employees who are best skilled for them is the single best employee motivation strategy.
After you’ve carefully gone over ways to get more out of your employees, it might be time to think about a renewed emphasis on compensation.