- Written by Compudata
- Published: 10 May 2023
At this point in our productivity blog journey, we’ve discussed what productivity is, how it can be measured, and what goes into protecting it. To wrap things up, we’re discussing what you can do to maximize productivity for your employees so that your business can grow and prosper.
First, a Review: Productivity is a Metric
If we return to the first article in this series, we used this equation to determine productivity.
Productivity = Output/Input
The equation is surprisingly simple, but also quite complicated. We can make things just a bit more complicated to hopefully shed some light on how time influences productivity.
Time is going to be crucial to the equation, as it directly affects input, which in turn affects the output, leading to massive differences in results based on how much time can truly be invested into any given task. On the other hand, through a process called time leverage, you can influence productivity.
In essence, time leverage is a complicated way of saying the maximum result for the minimum effort. It’s the main concept of “work smarter, not harder.” By delegating tasks and automating others, you can boost productivity, and technology is at the heart of this process.
Improve Your Business’ Time Leverage
There are several ways to improve your company’s time leverage. Here are a few of them:
Delegate Tasks More Effectively
If you are in a position to do so, you can often delegate tasks to make work more manageable for everyone involved. You can do this by taking advantage of your team’s innate strengths and expertise, and leaving things to those who are good at them means they will be done more quickly and, oftentimes, more effectively, too.
Set Better, More Mindful Goals
You want the time spent on work to be as impactful as possible, so naturally you’ll want to make sure that you are working toward appropriate goals. These goals should be SMART, an acronym that stands for Specific, Measurable, Attainable, Relevant, and Timely.
Take Advantage of Experts
There is a lot to be said about outsourcing what you can’t quite accomplish to others, especially when you don’t have the resources to handle things yourself. That’s where we can help—particularly when it comes to your business technology.
Compudata can help you implement technology solutions designed to enhance productivity. To learn more, call us at 519-652-5664 today.
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Posted in Blog, Business
Tagged Best practices, Efficiency, Productivity