Smart CEOs Are Using These Strategies To Boost Productivity By 50 Percent
Imagine if you could make your employees 50 percent more productive. It would be like everyone in your organization going into work both Saturday and Sunday free of charge (plus an extra half day). It would be a kind of miracle.
But if you actually crunch the numbers and look at some productivity numbers, you soon discover that some companies are achieving such heroic feats. The average employee is a staggering 50 percent more productive than their peers in other firms in the industry.
Given these extraordinary numbers, many people want to know what smart CEOs are doing to make it happen. It turns out that there isn’t just one silver bullet. Instead, they are using multiple strategies to eke out extra productivity at the margins.
Expose Your Company To International Markets
Perhaps the best way to improve the productivity of your firm is to expose yourself to international markets. There’s often a tremendous gap between the output per hour of employees in domestic firms compared to their international counterparts.
But why is this? Reasons are quite complex. However, it is partly due to knowledge sharing and the need to compete with firms already operating at a high level.
If taking on international markets seems like a waste of time, consider this: it may help you win more business domestically. Often, just the discipline of trying to sell overseas leads to implicit changes in your company that drive higher productivity.
Encourage Employees To Take Care Of Themselves
Employees should be engaging in regular self-care. This improves their quality of life and ensures that they don’t burn out – a real productivity killer
As a manager, you should be encouraging employees to use any health insurance benefits that they have – such as joining a gym or going for regular checkups. You should also be offering them self-care courses where they can learn how to better manage their time and look after themselves.
It is also helpful to regularly recognize employee accomplishments. Employees want to know that you are appreciating them, given that a whopping 80 percent of professionals quit due to lack of affirmation.
Lifting confidence and supporting self-care naturally leads to higher productivity. Employees feel less tired and much better able to finish all their daily tasks.
Find Ways To Enhance Office Communication
For knowledge-based businesses, the quality of communication across the office is essential. If workers aren’t talking to each other efficiently, then it can prevent them from completing projects.
As a leader, you should always be on the lookout for ways to boost collaboration. Make sure that you build teamwork in a purposeful manner. Try to host casual get-togethers so that workers can bounce their ideas off each other. Whenever new employees arrive, make them feel welcome. Ensure that you use the best communication tools available, ditching emails in favor of real-time chat apps and face-to-face conversations.
Micromanagement teaches employees some bad lessons. It tells them that if they want to push a project forward, they need to consult with you first – not ideal.
Try not to micromanage. This approach to leadership demoralizes around 85 percent of workers. Instead, look for ways to delegate and provide people in your organization autonomy. This way, you give them the tools to make brand-positive decisions themselves instead of always having to go through you.
Once you finish delegating to employees, leave the room. Once you’re gone, workers will automatically feel more relaxed and better able to complete the tasks that you set them.
Improve Your Employee Training
Top CEOs also invest heavily in employee training. Some firms dedicate a whopping one day a week to professional development long-term – a truly spectacular level of investment.
They don’t do it for the fun of it. Instead, they do it because they know that training yields tremendous results.
When training, first work out what type of learners your employees are – reflector theorist pragmatist activist and so on. Then use specialist software to deliver courses that fit into workers’ work flows. Add to this hands-on training that gives your colleagues practical skills that they can use on the job. Don’t try to force a high pace of learning. Instead, allow employees to gain knowledge at their own pace.
Institute Flexible Working
You’ll notice that many of the top firms allow employees to work flexibly. They don’t try to impose a 9 to 5 schedule on them.
There are many reasons for this. First, some employees simply don’t work well during regular hours. Showing up at 9 am and then leaving at 5 pm is a constant imposition on their wellbeing. Many, for example, work best from 6 am until the early afternoon simply because of the way their body clocks work. Others are at their most creative in the evenings.
Second, flexible working allows employees to organize their days more productively. Most people, for instance, don’t want to work until late afternoon. Instead, many want to get their work out of the way early and then enjoy a prolonged evening. Getting into the office early facilitates this.
Usually, when you give employees more control over how they work, you find that they create better arrangements for themselves. For some workers, getting up at 10 am and rolling into the office at midday is the best strategy.
Curb Your Meetings
Productivity experts believe that meetings in many companies reduce output and brand competitiveness. That’s because they tend to lack focus. Top CEOs know this, which is why they adopt such strict approaches to them.
Here are some ideas that you could try to make your meetings more efficient:
- Reduce the time employees are allowed to spend in meetings – perhaps setting an upper limit of 20 minutes
- Cut down on the number of people who attend meetings, eliminating anyone who isn’t directly involved
- Slash how many meetings your firm conducts overall every day, week or month
- Use alternative means of communication, such as email, for minor questions and clarifications
Highly productive firms also invest time in ensuring that employees make the best use possible of email services. Research suggests that the average employee spends around 13 hours per week writing emails – time that they could be spending on more productive tasks.
Encourage your employees to block time for emails. This way, they won’t continually switch between their regular duties and responding to questions. Most employees should block three 15-minute sessions per day for email – morning, lunch and evening – and then keep the rest free for their regular activities.
Ideally, you should keep your emails short and to the point. Tell employees how to quickly type out an email and how they should structure and title it. Give them training on how to provide all the necessary information the person reading it needs.
Also, avoid sending employees emails in the middle of the night. This can increase anxiety and lead to sleeplessness which affects their on-the-job performance.
Transform Your Workplace
Lastly, but by no means least, you’ll want to transform your workplace. To keep employees productive, ensure that they have sufficient natural light. Workers that have more light coming into their offices tend to sleep much better at night.
You can also do things such as including more plant life in the office. Greener spaces tend to make employees feel more comfortable so that they are better able to get on with their work. Green is an excellent color for motivation.
So there you have it: some of the strategies that smart CEOs are using to boost productivity by 50 per cent or more. Which will you try?