Productivity is the watchword of business. If your business doesn’t have productive structures in place, you’re going to lose money. For most businesses, a production efficiency drive involves outlay on training and equipment. What if you could increase this factor without tapping your budget?
What many business owners don’t realise is how significant an improvement can be wrought without financial investment.
Concentrate on Efficiency
The first step to boosting productivity is to get rid of time-wasters. It can be surprising how much time is being wasted in a business. Everything from phone use to travel routes can be improved.
One area that needs to be looked at is unpaid overtime. Managers often take unpaid overtime as a good sign, but it is in reality a sign of flagging team performance. Workers who regularly work late should be scrutinised carefully. Although their work ethic is obviously strong, such workers’ need to take so much time for tasks could be an indication of inefficient systems of work, or too much work.
IT departments have a drastically different idea from regular staff of what is essential. Every business should have a technology protocol in place. This protocol should set out the circumstances in which new technology can be acquired – be it new software or new devices.
Though it will change from company to company, technology protocols ideally should involve questions that need to be answered before the technology can be approved, such as how much labour will it save, how many hours will staff use it, and what training is required.
Create Delegation Systems
Managers often hoard important tasks which keep them busy while their subordinates are idle. Having an environment which encourages delegation means that you’re getting the maximum amount of work from all staff at all times.
One of the biggest blocks to a productive schedule is plan changing. If a worker starts on one project but is moved to another, time is wasted in the adjustment. These moves can be cut down on with clearer communication within the company.
All of these steps are simple to put in place, but better still cost your business nothing. In most cases, boosting efficiency can save you money as well.