The secret to workplace productivity is relatively simple: a happy employee is a productive employee. Employees that feel fulfilled and valued are more likely to be an asset to your business. While the success of any business financially, economically and culturally, is built upon a variety of components, employees are pretty important.
When workplace productivity is at its best, it filters through into other areas of success and can increase the overall value of the business. Optimising the value of your business can become an essential part of any major business related decision.
In turn, implementing practices to boost your employees also allows room for your business to thrive. Here are a few surefire ways to implement a more positive workplace to ensure that you maintain a healthy and productive work environment:
Re-enforce an Engaging Environment
A healthy, productive workplace environment will bolster your business’s chances of success. Ensure that your employees are engaged within their role. Engagement stems from supervisors, managers and business owners alike – it can be as simple as congratulating an employee for a sale, or implementing positive reinforcement into feedback strategies.
If an employee feels engaged in their role, it means that they see themselves as a valuable member of the team. When this occurs, your employees will take pride in their work, work collaboratively, and be motivated to accomplish a given task. Employee engagement can directly filter into customer engagement, a crucial indicator of customer retention and the overall business success.
As a business owner, it is your responsibility to understand how to best motivate your employees to reach the best results that they can. Motivating your employees can be a long process, but it’s well worth the wait and can make a huge difference to employee fulfilment. And optimising an employee’s workplace experience is a direct line into optimising your business and its value.
Work delegation can make or break an employee’s productivity. If employees are feeling bogged down and over-worked, their productivity will nose-dive. It may sound worthwhile to save money on wages and designate more duties to each employee, however this can actually slow your day-to-day operations. Furthermore, it can create issues when an employee is sick or away when it causes an overload of work to the other employees.
Evenly distributing the workload across your employees means that each employee understands their role and their day to day tasks. It can prevent confusion and can save your employees from burning out.
When everyone understands their role, the workplace will run more smoothly while giving employees the opportunity to learn their responsibilities and grow within their role. Working to your employee’s strengths and ensuring they are not overworked or burnt out can increase workplace productivity.
Although the intention behind micromanaging might come from a good place, it doesn’t bode well for a productive workplace. As a business owner, you might feel more peace of mind if you oversee and approve all tasks and responsibilities. However, this can cause employees a lot of stress and drive productivity down. No one likes to be watched constantly, and micromanagement will eventually hurt your bottom line.
Offering workplace flexibility is a sign of trust between a business owner and their employees. Offering a flexible working environment for employees means that business owners can show adaptability within the workplace while providing employees a new level of autonomy. In many work environments, working from home has become the new normal. Contrary to what was once believed, remote working has boosted productivity for many Australian small businesses. While working from home is not possible in all work environments, it’s a huge step in building trust within your team.
Implementing flexibility in other areas of your workplace also demonstrates understanding between you and your employees. This might be as simple as allowing time in lieu for doctor appointments or dropping the kids to school in the morning – whatever it is, respecting your employees life outside work will ensure they are focussed and engaged within the workplace.
The smooth operation of your business should be at the forefront of your mind. Workplace productivity instils a sense of stability within the business from the perspective of the employee, its customers and other stakeholders. This foundation of stability runs directly into its success and overall value. As a business owner, your business must be ready to take on each and any challenge – whether it’s a change in staff, an economic hit, or deciding to sell or redirect your strategic planning. Your business requires stability and a smooth operation to optimise its value.
If you are considering making a business decision, a business valuation may be required to determine the value of your business. Optimising the value of your business is every business owner’s goal, so it’s important to make sure that it is done correctly. Implementing a positive, productive workplace is a reliable way to work towards this goal, in turn, working towards long-term stability and success of your business.
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