The world is navigating a new phase of work with employees demanding more flexibility, higher incentives to make up for the increasing work demands, etc. Businesses have had to adapt to changes like work from home, outsourcing, or fractional hiring to make up for efficiency gaps.
Not all these methods translate to efficiency gains. Here are five ways to improve employee efficiency.
Establish A Benefits Scheme
The average person locks in about 90,000 hours at work in a lifetime. That can translate into a third of the average person’s life. Luckily, the pandemic has heightened the importance of health and wellness among employees. Nowadays, workers consider benefits like health and wellness in deciding whether to remain at a job or opt for a new one.
This means that business owners must prioritize workplace wellbeing. Whether it’s health insurance or pension benefits, it’s crucial to lead the conversation about employee health and wellness through benefits schemes. You can invest in quality employee benefits software to simplify your benefits search and help you develop tailored packages for your employees.
Doing that as a business motivates your employees to ramp up their performance seeing as the company is positioned to care about them beyond the contribution they bring to the table. As a business, this also feeds into your ability to attract top talents and retain experienced employees, which is a great way to remain efficient and increase your brand positioning.
Micromanagement can stifle innovation and efficiency. As a business owner, you may want a direct say in every decision or task. But the more you stress over whether your employees are doing the right thing by checking every detail, the more time and resources you waste.
Quality assurance and supervision are crucial. But your approach can dampen your employees’ morale or motivate them to do more. Delegating tasks to employees improves trust and affords you more time to focus on top-level decisions.
Encourage Open Communication
The importance of communication to a business’s effectiveness can’t be understated. According to a report, nearly 90 percent of employees and executives cited inadequate communication and collaboration as one of the limitations of business efficiency.
Increasing their business communication efforts across the board improved productivity by as much as 25 percent. Communication must be open, transparent, and inviting for all employees, regardless of their position or type of work.
Focus On Upskilling And Reskilling
What do your employees seek to achieve as they work in their current roles? Tieing their career objectives to critical business goals can greatly improve your business and their careers.
Globally, employees want to improve and learn more. They’ve realized that upskilling or reskilling has become a way to be job relevant. A supportive work environment focusing on upskilling can improve employee performance and job satisfaction. Plus, it’s more cost-effective to train and develop existing employees than to hire replacements.
Encourage A Feedback Culture
Workplace efficiency can’t remain an end goal. With each business year comes more tools and resources employees can leverage for efficiency. But it’s crucial to put figures to your efforts and communicate your progress across the board through performance reviews and brand audits.
Increasing efficiency doesn’t always depend on what employees are doing wrong or can do better. Sometimes, the business leadership needs to align with employees. So business leaders must invite feedback from employees. For the most part, a feedback culture benefits employees and leaders and is one of the best ways to ensure continued development.
Generally speaking, efficiency is a mainstay even in a rapidly changing business environment as we have today. The bottom line is that competition across industries is at an all-time high due to technology growth, and now is not the time to drop the ball.