Why Worker Productivity Matters and How to Improve it
Thursday, September 04, 2014 | Time Tracking Software
In April 2014, The Economist carried a story on worker productivity in Brazil. It is an interesting read for anyone who doubts the importance of productivity to the growth of a company - small or large.
China, where worker productivity accounted for 91 percent of the GDP growth between 1990 and 2012, roared at more than 10 percent GDP growth per year. In comparison, Brazil’s worker productivity during the same period was 40 percent. Unsurprisingly, it grows at a measly 2 percent. The Economist makes a daring, but dismal, prediction - unless Brazilian companies change, the Brazilian economy’s growth will come down to only 1 percent.
There are many useful lessons to be learnt from the largest country in South America on the importance of worker productivity. The most significant of them is - companies that do not invest in worker productivity fail to realise their full potential and grow slowly.
Worker productivity is important. Companies can become more productive in two ways:
- They can hire more workers, and
- They can make their existing workforce more efficient.
- There are upsides and downsides of both methods.
Recruitment of more workers
This is a quick fix solution. It works well in places where unemployment rates are relatively high, and where workers are required for mostly unskilled or semiskilled jobs. A downside of this approach is that it is hugely expensive. Most companies cannot afford to add their highly skilled employees at a short notice.
Improvement of worker productivity
A lesser expensive, but more efficient, method is to conduct a research on existing production methods and devise plans that elicit the most out of existing employees by making them more able. Companies can introduce time tracking, they can use employee performance review systems, they can invest in newer machines, and they can do a million other things to make their existing workforce more productive. This method may not always show immediate results; but it is sure to work in the long run.
Successful companies and societies focus more on improving worker productivity than rely on raw strength - recruitment of more people. The Economist story makes it clear workers in North America and Europe are, on average, more productive. It shows. Their economies are robust.
There are many ways to make a workforce more productive. It takes a combination of an understanding of psychology and a use of right tools.
How much understanding a manager has of their workers, varies. Two managers with equivalent credential can produce vastly different results. A use of right tool is more objective and reliable.
There are a number of excellent employee performance review tools, including Talygen’s performance review, available. They are intelligent software that take care of the review tasks; such as feedback, skills, and how many goals are being met. They are able to perform a number of other tasks, streamline employee reviews, and help companies and businesses create strategies that help them maximise productivity.
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Monday, October 07, 2019 Sep
Know The Most Effective Way To Manage Business Projects Successfully
Friday, September 27, 2019
An Ultimate Guide To Project Invoicing Software
Monday, September 16, 2019 Aug
Smart Tips To Get More Productivity With Your Project Management
Tuesday, August 27, 2019
A Closer Look At Project Management Tracker
Monday, August 19, 2019 Jun
Create Systematic Arrangement with Personalized Project Management Dashboard
Tuesday, June 18, 2019
What Features Make Time Tracking Tool More Effective
Monday, June 10, 2019 May
Best Way To Enhance Project Productivity Beyond Expectations
Friday, May 31, 2019
Enhance Business Productivity With Advanced Project Management Dashboard
Friday, May 24, 2019
Choose Efficient Online Performance Management Software
Tuesday, May 21, 2019
A Quintessential Guide To Project Invoicing Software
Tuesday, May 14, 2019 Apr
Strategic Reporting Software To Improve Business Productivity
Monday, April 29, 2019
Benefits of Effective Project Management Software
Sunday, April 14, 2019 Mar
Feb
Improve Business Productivity with Talygen’s recruitment Software
Thursday, February 28, 2019
New Features and Key Updates of Talygen’s Customer Relationship System
Monday, February 18, 2019 Jan
Client Portal System: Time And Expense Approval By Clients For Smooth Evaluation
Tuesday, January 22, 2019
Talygen’s Message Board Module: The Best Real Time Client Communication Platform For Businesses
Wednesday, January 16, 2019
Talygen’s Resource Scheduling Solution: The Best Tool to Manage Your Resources
Friday, January 04, 2019 2018
Dec
5 Reasons Why You Need An Expense Tracking Application for Your Business Organization
Wednesday, December 26, 2018
How To Improve Your Sales By Applying CRM Automation
Monday, December 17, 2018 Nov
Talygen’s Project Management Tool: A Tested and Proven Web based Project Management System
Thursday, November 29, 2018
5 Reasons Why Organizations Need Talygen’s Knowledge Base System
Thursday, November 15, 2018
How Can Good Leadership Enhance Employee Time Management
Thursday, November 15, 2018 Oct
Talygen’s Unbeatable Project Request Feature for Long Term Relationship With Clients
Tuesday, October 30, 2018
Increase Your Transparency and Accountability with Clients Using Talygen’s Client Portal System
Wednesday, October 10, 2018 Sep
Aug
Jul
Jun
How to Manage Your Employees with Talygen’s Employee Management Software
Friday, June 29, 2018
5 Advantages of Using Talygen’s Job Portal Software
Monday, June 11, 2018 May
Apr
Talygen’s Time Tracker with Screenshots: An Indispensable Asset for Your Organization
Sunday, April 22, 2018
4 Essential Things You Should Consider Before Choosing A Time Tracking Software
Friday, April 13, 2018 Mar
Empower Your Business with Customer Relationship Management Software
Monday, March 26, 2018
Why Your Business Needs To Invest in a Project Management Software?
Sunday, March 18, 2018 Feb
2017
2016
2015
Oct
Sep
Aug
Why Do You Need the Talygen Time Tracker?
Tuesday, August 25, 2015
Five Features that Will Make Managers Love Talygen
Wednesday, August 12, 2015 Jul
Jun
May
Apr
Mar
2014
Dec
CES Series: Talygen to showcase the Future of Business at CES 2015
Tuesday, December 30, 2014
CES Series: 2014 was a blast, so will 2015 Be!
Thursday, December 25, 2014 Oct
Sep
Introduction to Talygen’s offline Time Tracking Application
Tuesday, September 30, 2014
Tips and ideas for successful project management
Wednesday, September 24, 2014
Smarten up your Project Management with Talygen
Tuesday, September 16, 2014
Why should businesses use an invoicing software?
Wednesday, September 10, 2014Why Worker Productivity Matters and How to Improve it
Thursday, September 04, 2014 Aug
