How to Optimize Your Employee Efficiency
Wishing to share with you the efflorescence of all these years in the field, and after consulting with some of our most successful clients, we have gathered for you the top 10 tips to optimize employee efficiency.
1. Start Delegating
That may be difficult, especially for perfectionists, but still, it is vital for improving your staff’s efficiency. Having every single aspect of your business under your direct control reduces productivity and discourages others from taking initiatives. So, start sharing responsibilities to experienced members of your staff and give them a chance to show you what they are made of.
2. Matching Skills to Tasks
This 2nd step is vital to improving staff efficiency but presupposes deep knowledge of your employees’ skills, personality, and experience.
3. Effective Communication
A prominent member of our list, effective communication requires clarity in what you ask from each employee, honesty, and the use of several channels of communication, including phone calls, emails, Social networking tools, as well as in-person meetings.
4. Set Clear & Measurable Goals
Setting clear-cut goals to each of your staff member is of the essence if you wish them to perform their best and stay focused, for the absence of goals or poor goal definition takes a heavy toll on efficiency and productivity. It is important not just to explain what their goal is, but also why it is significant for the operation of the company.
On the other hand, proving goals but no means of measuring their progress is futile. So, find ways for your employees to evaluate their progress and be able to discover and improve their weak points.
5. Motivate them
This step includes several different things, of which the most important are:
- Praise: commending your employees for their efforts and achievement will encourage them to try even harder.
- Explaining to them how their work has positively affected your firm’s growth, and how it can further fuel it in the future.
- Rewarding productivity, either through raises, promotions, bonuses, extra days off, awards, a meal, or other minor privileges, etc.
6. Help them Stay Focused
This applies to employees that have undertaken a serious project, which demands their full attention and energy. You can help them remain focused by not assigning them other projects of secondary importance, or by taking certain aspects of the major project off their back and delegate them to others.
Never cease training your employees and helping them sharpen their skills, broaden their knowledge and learn new aspects of the industry. Knowledgeable employees shield the company against serious mistakes (that can cost a lot) and often lay the foundation for its constant growth.
8. Make the Most of Telecommuting
Regardless of your opinion of allowing employees to work from home, several different studies have shown beyond the shadow of a doubt that people who work from home are almost 15% more productive than staff working exclusively in their office. Telecommuting is an excellent way to boost efficiency, in cases when an employee does not feel so good to come to work but is willing to do some work and finish up some projects.
9. Encourage Feedback Sharing
The only way to boost efficiency among your staff is by letting them express themselves freely and state what they believe does not work so well in the firm. Remember it is vital to accept their feedback and make the most of it. So, cultivate an environment that encourages employees to communicate their thoughts and grievances to your without fearing of losing their jobs.
10. See the Forest – not Just the Trees
Matters and issues that may seem now a pure waste of time can afford your business a lot in the long-term. Investing in HR software, for instance, automated processes, HRIS technology, etc. can do a lot to reduce costs, save time and boost productivity.
Managing the accounting and other financial services of hundreds of different firms and businesses gave us the ability of insight on how to optimize employee efficiency and productivity in a company. PHS will be glad to be of service to you in your struggle to stand out and achieve further development in your industry.
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If you want to work with professionals who provide exceptional quality standards of services in Cyprus, the simplest way is to fill in the contact form below.
We will take you through a step by step process from A to Z in creating the perfect business structure in Cyprus.
Can’t wait any longer? Become even more successful by working with accountants you can count on and be among the thousands business that already did.