Studies have showed that the higher the levels of engagement and satisfaction in a workplace, the more it leads to better productivity with increased profits. The rate of employee loyalty and turnover will also be improved. For the employers, to achieve this they will have to listen to employees’ needs and provide a work environment that will allows them to thrive.
Every kind of business can benefit with a workforce of more productive employees. If the workers are engaged properly in their tasks, they will naturally be better with customers delivering a project with a reputable and high-standard of impression of your brand. So, investing on your employees can give you huge returns both in terms of business profitability, bar and reputation, as well as growth.
Following are five business strategy ideas we have compiles for you, which you can implement to improve the productivity of your workforce.
The Toyota Production System (TPS) introduced a method of work management known as Kanban is a method for work management. The system was launched in late 1940’s for the purpose of making Toyota’s production processes on time. This method was operated on a pull system, which was based on production of customer demand. It led to the unique way of doing things and hence came the practice of Lean manufacturing also known as ‘Lean’. The aim of this procedure is to minimize production waste without compromising on productivity. It provides the best ROI to the customer curtailing all the unnecessary costs.
Lately it has been found that there are very few employees who are completely satisfied if they are working on a job for a long period. They tend to lose hope on the concept of progression. So providing your employees with opportunities of progress while they stay in your company has numerous benefits which includes increased work motivation for the employees with a boost of productivity and loyalty.
There are some employees who intent to work for a promotion. Such employees are more likely to be very careful and perfectionist about their work. They also attempt to provide higher levels of productivity. If you can provide them the opportunity to climb up in their career graph, it can encourage loyalty to your brand.
Additionally, with the help of employee training sessions you can help your workforce improve their individual skills and attain the goals and objectives they have anticipated personally. You can also arrange meetings for training at regular intervals which also help your employees know each other on both the professional and personal level which will eventually help to build a stronger working relationships.
Take feedback for your employees and Listen to their Opinions
Another raging problem for many of the employees in their workplace today, is the fact that they feel that their feedback or opinions are not valued up to the mark. Most of them grief that even after investing a significant amount of time and effort to their employer they feel their opinion is not valued as it should be. You must also know that employees spends a major part of their time at work, so it is very important that they feel their feedback is being appreciated, listened and implemented.
One good option can be to implement a regular survey on employee satisfaction. You can send employees a list of questionnaires’ about what things about their jobs they enjoy the most, what opinions they have which they think implemented could do better, or anything about the company which they would like to change.
Gifting them with Incentives and Bonuses
Arranging for rewards and recognizing for your employees as individuals is the key for providing them a workplace where both their career and personal needs are satisfied. Every employee crave for an office that provides them ample scope for career progress and opportunities. However, most of the employees also want to have a little time of their own which they can spend for themselves. A majority of employees today possess a combination of both these qualities.
So a popular method of making a workplace enjoyable to every bit is by offering incentives and bonuses for the employees which can either be earned or won. Let’s say you can arrange a task for the sales teams where they compete with each other to win extra cash incentive or a paid day off.
It is not necessary that the bonuses and incentives you give to your employees have to be costly, or they have to be frequent. It is one of those little things which really counts when it comes to the fact of making the employees feel valued at their workplace. Some simple ideas of incentives and bonus include themes like dress-down Fridays. You can also allow all your employees to take their birthday as a day off from work, or you can also introduce policies of bringing cakes on special occasions like festivals work anniversaries or birthdays.
Investing on employees is one of the key to improve the growth of a business its profitability, and productivity as well.
cFIRST Think Tank is the team that researches and produces content for cFirst. This team comprises of seasoned content and digital design professionals and background screening industry veterans. Together we produce insightful blogs, infographics and reports meant for HR and background screening professionals.