3 ways to improve productivity in your small business
Productivity is often seen as the silver bullet to improving the success of any business. Learning to produce more for less is key to growing a small business and add value in a competitive economic environment.
Thankfully with the right data and the correct knowledge, any small business can improve its productivity and get an edge on their competitors to earn more and waste less.
1. Invest in your employees
For many small businesses, their employees are the most valuable resource they have at their disposal. Investing in employee training can result in vast improvements in productivity from workers.
Sometimes training lower level employees in how to perform higher level tasks can allow people to cover more job duties when staff are short or overwhelmed. It is also important to train employees on safety and ethics to reduce the amount of time injuries or internal conflict prevent workers from focusing on the task at hand.
The Ministry of Business, Innovation and Employment recommends always giving employees the training they need to be more efficient and productive in their roles. They should be provided with the opportunities for formal learning, such as industry qualifications or job specific training. Auditing the skill level of your employees, and making sure there are high levels of literacy, numeracy and computer skills can also be helpful.
2. Encouraging greater use of technology
Innovation is one of the most important drivers of improving workplace productivity. Using technology to plan and organise a workplace is key to productivity gains. Technology focussed businesses generally employ more highly-skilled and highly-paid workers and through innovation they increase their market share.
One way is to invest in business management software solutions that provides data and reports on how the company is doing financially so improvements can be made.
Moving towards a paperless office or putting your information technology in a cloud can result in significant cost savings. Not only this, it can revolutionise the where and how you and your employees do the job.
3. Change behaviour to manage time
Looking to really enhance productivity long-term? Teach your employees better time management behaviours. Discuss with them the times of the day they are most productive, have them keep a certain schedule or teach them some different types of to-do lists to help them learn how to fit in everything they have to do throughout the week.
Unlike fancy apps or software programs, these behaviours become second nature once the employees find one that fits them.