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Increasing productivity is one of the most critical goals in business. A workplace, however large or small, has to be driven by efficiency and achievement that translates into tangible results for the organization, and should be rewarding for the employee.
Business owners know that workers who aren’t using their time and resources effectively are costing the company money. Declining productivity means falling profits and sliding competitive position. Less productive inputs and lower efficiency levels are bound to affect the business and jeopardize its sustainability and survival.
Here are 10 management practices that you can implement to boost your employees’ productivity.
1. Design financial incentives for employees at all levels.
Create an incentive structure that is more inclusive. Many companies focus heavily on incentives for senior-level positions, which might demotivate the lower rung of employees. Instead, spread out your incentives to benefit employees at all levels.
2. Provide meaningful feedback on a regular basis.
Many studies have shown that lack of regular and constructive feedback acts as a huge dampener for employees. By giving meaningful feedback regularly, you can give your employees a chance to do better.
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3. Respect employees as individuals with lives outside of work.
Your employees spend a significant amount of time at the office, but do have a life outside of work too. Be empathetic about the other roles your employee has to play in addition to being an employee at your company.
4. Reach out to employees by seeking them out.
Open-door policies are not just for employees to reach out to management. By seeking out employees and taking to them, you can let them know that you value them and are available to talk to them should they wish to.
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5. Provide training to management at all levels of an organisation.
Management is not of one of those qualities that you either have or don’t. It’s like any other field that requires you to learn and practice for some time before you become any good at it. With the ever-changing market conditions, providing regular training to all levels of management will keep your workforce competent.
6. Provide support for employees when it’s genuinely needed.
Support can take many forms: new equipment when existing equipment is outdated or inefficient; emotional support in the face of unfair criticism; flexible support for a reasonable level of work-life balance — management support in times of need won’t be forgotten.
7. Fall out of love with meetings.
Meetings are the bane of organizations and take away valuable productive time that your employees can use to do actual work. Call meetings only when extremely necessary and be discerning about whom you call. Instead, work more on your interpersonal skills.
8. Ensure that people enjoy their work.
The best performing employee is the happy employee, and the employer has to find ways of making their people happy. Besides putting in place a free and open workplace culture, an employer has to devise ways of making the work seem challenging and interesting rather than mundane and boring.
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9. Praise and recognise good work.
Recognition is often a more powerful motivator than money and it lets your employees feel that their work is valued. There’s nothing for management to gain by withholding praise and recognition when it’s deserved.
10. Make sure senior leadership maintains a respectable behaviour.
Employees look up to senior management not only for guidance, but also for behavior and conduct. Nothing demoralizes employees more quickly than seeing senior leaders act in a disrespectful manner. So make sure you walk the talk and lead the way for your employees.