Productivity: How Productive is Your Company?

One of the most important element of a company are its employees after all, productive employees are what makes a company successful.

Employee productivity, not to be confused with labour productivity, is the measure of an individual employee’s output commonly known as also known as workplace productivity, which can make or break the success of a company. Two factors determine whether employees are successful at their work:

  1. Productivity – the amount of work completed
  2. Effectiveness – the amount of effort put into that work

Some people may spend a lot of time finishing a small amount of work – these people are more effective than productive. Other people may finish a lot of work in a small amount of time – these people are more productive than effective.

You should always make the most out of both your productivity and your effectiveness – aim to put maximum effort into your work, and finish as much work as you can in as short amount of time as possible.

The levels of productivity can be measured by the number of sales, goals met, as well as profit.

You can also calculate the percentage of possible employee productivity within your company if you follow these 4 steps:

  • Step 1: Define a standard – You’ll measure all your levels of production against this standard.
  • Step 2: Determine how much time you have in a work week – If you have a five-day workweek, with a daily norm of 8 hours, you have 40 hours, or 2400 minutes of time every week.
  • Step 3: Subtract all “unproductive” time from your work week– This includes all your lunch breaks, short breaks, meetings, and similar activities.
  • Step 4: Calculate the percentage– Divide the number of available productive time with the number of available work time per week then multiply by 100 to get your productivity percentage (1,900/2,400*100 = 79%).

In the next part of this series we will talk about ways to increase and optimise productivity in the workplace from an employers perspective.

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