Eyes wide open
If you have good people and are wondering how to enhance employee productivity, the first consideration is your practices and processes.
You’re able to avoid passing on increases in the price of your inputs allowing you to maintain or even build sales volume. You’ll be more competitive, and able to offer special pricing to gain market share or stimulate demand while maintaining margin and profit.
Using sound processes, you’re in a stronger position to drive up productivity giving you a significant advantage over your competitors.
And if you focus on improving processes or systems, so your people can be more productive, this enables more effort to be directed at exploring new opportunities and business development.
The challenge is to use these productivity gains to build market share without sacrificing profit, and to seek to improve every major resource in your business, from people, processes and management systems to plant and equipment, premises, suppliers and raw materials.
Further challenges for your business are to identify which productivity measures should be looked at on a regular basis, which of these can be taken down to an individual employee level, and which should be managed on a company-wide basis.