Strive for Higher Levels of Productivity
Employee productivity is one of the most important factors in overall profitability. When employees are highly productive, products and services are sold at a faster rate, overtime is reduced, staffing is kept lean and the customer is more satisfied. Productivity is often overlooked as a key variable in enhancing profitability. This web site includes a number of articles dealing with this issue.
Productivity is directly related to the quality of employees hired and the management of those employees. Establish productivity standards and expectations for all functional areas within your company and then measure performance against those standards/expectations. Identify the key productivity indicators that you will measure. These indicators can be any units of measure that makes sense for your business. But the important thing to keep in mind is that productivity isn’t something to merely talk about. It must be measured and managed. And employees should be evaluated and rewarded based on their level of productivity.