Productivity fuels businesses. Irrespective of the services offered or the industry, your employees’ productivity contributes significantly to your company’s growth. Lack of productivity leads to subpar services to clients and customers, translating to reduced sales. People need quality services, so they won’t hesitate to switch to your competitors if your business isn’t at par with the quality standards of your offerings. As a business owner, you do not want to be in this scenario.
So how do business owners track their employees’ productivity and ensure things are on track? Here are ten ways of doing that and improving your business’ bottom line.
Tracking By The Numbers
Number tracking involves looking at various metrics and determining how your employees performed. You can track employee productivity through various measures, such as:
- The number of tasks completed per day/week/month.
- Sales figures.
- Client satisfaction ratings.
- The number of hours worked per day/week/month.
- Total errors made.
It’s straightforward and provides you with an overview of how your employees perform. If you see a decline in sales or an increase in the number of errors made, consider taking corrective measures.
Invest in a Dedicated Payroll Services
Payroll is an important function of businesses, as it ensures employees are paid on time. You can spend more time on other important tasks like preparing marketing campaigns and attending client meetings by outsourcing your payroll to a payroll service company.
A dedicated payroll service company will also help your business track employee productivity by monitoring the number of hours worked, leave taken, and other parameters. This information can give you an idea of which employees are productive and which ones may need more supervision. Click here to read more about how a payroll service agency can help your business.
Employee Feedback
Feedback is a two-way street. Asking for feedback from your employees shows that you’re interested in their well-being and want to create a conducive environment for them. It also gives them a chance to voice any concerns they may have about their work or the company.
When you ask for feedback, be sure to address both the positive and negative points. This will help you get an accurate idea of what’s working well and what needs to be improved.
Set Goals and Objectives
This is a great way to ensure that your employees work towards something. Ensure to set realistic and achievable goals. If the goals are too difficult, your employees may get discouraged. If they’re too easy, your employees may not be challenged enough and could become complacent.
Encourage Healthy Competition
A bit of healthy competition never hurt anyone. Encouraging your employees to compete with each other can be a great motivator. Employees who feel like they’re in a race to achieve something are likely to put in more effort and be more productive.
One way to do this is to offer rewards or incentives for employees who outperform others. This could be a bonus, paid time off, or even a simple acknowledgement at the next team meeting.
Promote Work-Life Balance
Employees who have a healthy work-life balance are less likely to feel burnt out or stressed, leading to them taking more sick days or leaving the company altogether.
There are a few ways to promote work-life balance in your workplace. These include offering flexible work hours, encouraging employees to take vacation days, and providing access to on-site child care.
Final Word
Tracking employee productivity can go a long way in scaling your business’ growth and ensuring upskilling of your workers by giving them constant work feedback. As an employer, it’s your responsibility to provide your employees with the necessary resources and support to help them be productive. The tips mentioned above are a great place to start.
