- Productivity is a measurement or calculation between inputs and outputs. Inputs are the amount of time and effort spent working, while outputs are the results. If the outputs are equivalent to the inputs, the worker is considered productive.
- Productivity directly affects a company’s profit. When employees are productive they accomplish more in a given amount of time. In turn, their efficiency saves their company money in time and labor. When employees are unproductive, they take longer to complete projects, which cost employers more money due to the lost time.
- Productivity is linked to employee morale. When employees are happy at work they have more motivation, which increases productivity. Poor morale causes employees to be disengaged. A study done by the Corporate Executive Board says that because employee engagement is down there has been a 5% decrease in productivity.
- If employees are not given the proper resources to do their jobs easily and efficiently, their productivity will suffer. QuoStar Solutions, a technology consulting service, states that innovative technology is one way that employers can boost productivity. Having automated, electronic processes for certain tasks can free up employee time so that they can maximize their efficiency with other tasks.
- There are ways to tackle low productivity. According to Tech Republic, productivity can be combated by installing monitoring software that tracks what employees do all day long. This will eliminate wasted employee hours spent surfing the Internet or talking to friends over email and instant messaging.