It’s no secret that businesses are constantly searching for ways to increase productivity in the workplace. Based on Gallup findings, employee productivity accounts for a large portion of a company’s success, providing 21% increased profitability. It’s a significant leap from the average company, which only sees a 3% increase in profitability. With these statistics in mind, it’s easy to see why businesses always look for new strategies to get the most out of their employees.
However, you cannot simply expect employees to be productive without providing the proper motivation. Thankfully, there are a variety of investments you can make that will help motivate your employees and boost productivity in your workplace. Here are some ideas to get you started.
Offer Employee Development Opportunities
Everyone wants to feel like they are constantly growing and developing. When you offer employee development opportunities, you invest not only in your employees’ future but also in your company’s success. These opportunities can significantly impact productivity, giving employees a sense of purpose and a goal to work towards.
In addition, employee development opportunities can also lead to increased morale and job satisfaction. Employees who feel constantly learning and progressing are more likely to be engaged with their work. This engagement will eventually lead to higher productivity levels.
There are different types of employee development opportunities you can offer. Some include annual training programs, mentorship opportunities, and tuition reimbursement. As simple as providing employees access to online courses and educational resources, you can show them that you value their professional growth.
When you offer employee development opportunities, you show your employees you are supportive. This type of investment will go a long way in motivating them to be productive in the workplace.
Give Employees the Ability to Work Remotely
In today’s day and age, technology has made it possible for employees to work from practically anywhere. And while there are some advantages to having employees work in a central location, there are also many benefits to allowing employees to work remotely.
A recent Stanford study found that 16,000 employees who work from home are 13% more productive than their in-office counterparts. They also take shorter breaks, have fewer sick days, and are less likely to quit.
There are several reasons why working from home can lead to increased productivity. For one, employees tend to have more flexible schedules when they work from home. This flexibility can lead to a better work-life balance, which is essential for employees’ mental and physical well-being. In addition, working from home also eliminates distractions in a traditional office setting. With fewer distractions, employees can focus more on their work and get more done in a shorter amount of time.
If your company can accommodate remote work, it’s something you should consider. Allowing employees to work from home can lead to a significant increase in productivity. This way, employees can have a better work-life balance, which you will eventually see in increased productivity.
Implement an Employee Recognition Program
According to research by Cornell University, individuals who get rewarded promptly and frequently are more interested in and motivated to complete chores while at work. So if you want to increase productivity in your workplace, you need to implement an employee recognition program.
This recognition program can take many forms. For example, you can give employees monetary bonuses, gift cards, or paid time off. You can also offer non-monetary rewards, such as public recognition, flexible work hours, or the ability to take additional paid leaves.
Whatever form the recognition takes, you must give it frequently and promptly after an employee demonstrates exemplary performance. Only then will the reward be effective in motivating employees to be productive.
Invest in Employee Dental Care
Health benefits might be a part of your employee benefits package, but that does not include dental coverage. In several studies, employees develop low self-esteem when they have dental problems. As a result, their productivity at work suffers.
You can prevent this by offering subsidies for dental treatments. This way, employees can get the dental care they need without worrying about the cost. In partnership with dental providers, you can offer your employees discounts on Invisalign treatment, teeth cleaning, and other dental services.
When you invest in your employees’ dental care, you show them that you care about their overall well-being. This can lead to increased trust and respect, eventually boosting workplace productivity.
There are many strategies you can use to motivate your employees and boost productivity in the workplace. Following the above tips can create a workplace conducive to increased productivity and employee satisfaction. As a result, your business will be more successful.