A few years ago, Sweden was in the headlines for experimenting with a six-hour workday.
The measure of an organization’s success is usually in how well its people work together. That has always been the golden rule of assessment. Productivity, as one management guru put it, is “a reflection of how many right people are in the right jobs in a company”. This translates to – a company having more of a focus on its people and positions versus a very general perspective. By having a general perspective, companies display short-sightedness and ignorance about long-term goals. This usually can fester and affect ongoing employee-development approaches.
One of the major factors affecting productivity and performance occurs when employees are placed in the wrong roles. The fallout is that some employees end up leaving the organization and take with them critical knowledge and valuable leadership skills. On reviewing business excellence frameworks, it is believed that the secret to success is constant engagement between the workforce and stakeholders. Measurement and analysis of productivity is an important aspect that goes a long way into understanding which way an organization is headed on the road to success. Data collection is an important tool for managers and Replicon’s range of time and attendance software is a key contributor. Its capabilities extend to measurement, complete real-time visibility across the organization of people and projects. This invaluable tool has proven its worth across small and large businesses. Many high-performing organizations are completely automating the administrative portion of workforce management with such intelligent and intuitive solutions. This helps them to free up managers’ time from unproductive, mundane tasks.
Recently, former President Bill Clinton said, “I did not appreciate the power of process until after I left office.” As the Replicon range of time tracking software solutions proves conclusively, a business becomes high performing when its processes bring together quality, profitability, competitiveness and productivity.
An important aspect of the upcoming US presidential elections is the question of labor productivity. One of the factors contributing to slowing of productivity is believed to be the lack of innovation. In the regular daily business scenario, innovation can come about when managers are given the right tools to manage their time better so that they have more time to indulge in revving up innovation in their departments.
A recent Gallup poll unanimously puts employee engagement as the number one factor of a company’s financial performance. And by systematically improving people processes, organizations find that performance metrics go up dramatically. When employees are not actively engaged there is significant erosion in a company’s bottom line and an overall dip in morale. Engaged workers have lower instances of absenteeism versus disengaged workers who bring down the growth rate of their companies.
Replicon powers return on investment with its timesheet software solutions, which make project managers, payroll departments and human resources more efficient and effective. With increasing revenues per employee being the gold standard, these solutions make the case for investing in your employees which in turn enhances productivity and produces a healthier balance sheet.