On average, lost productivity costs the US economy $370 billion annually. So what generates productivity in the workplace? Happy, healthy employees that feel as though they are part of something bigger. Corporate team building is a great way to achieve this, however, productivity also comes down to a number of drivers that must be prevalent in the workplace to see productive success.
Productive Culture
Create a positive work environment that fosters open communication between management and staff and in which employee experience and insights are valued. It is important to create a culture in which employees feel motivated to go the extra mile for the organization.
Leadership and Management
Effective leadership is the cornerstone of any successful organization. Ensure management has a clear vision of where the company is going (or wants to go), is able to identify the opportunities that will help the company move in this direction and understands the importance of inspiring employees.
People with Skills
It’s crucial to invest in the right people with the right skills, and it’s safe to say the more skills your employees have, the more innovative and effective they will be. A scavenger hunt corporate event is an innovative team building experience that encourages employees to think outside the box, and enables them to develop skills to deployed in the workplace.
Innovation and Technology
Innovation is a key component of productivity in the workplace, and is often evident in the way an organization utilizes the technology at its disposal. Ensure your staff not only has the right technological tools to get the job done, but a thorough understanding of how to best use these tools to gain a competitive advantage.
Organize Work
Implement organizational work structures that enable the workplace to adapt and continue to grow as new products and technology are introduced, and as markets change. 33.2% of employees feel they don’t have enough work to keep busy during the day, which equates to valuable productivity lost. A well-organized company is one that gets the most out of its employees and resources.
Growth Potential
Having a documented growth plan demonstrates the viability of your organization’s future and aids in identifying other lucrative opportunities. Leadership and management should be able to illustrate how the business will make use of these opportunities, and how growth will positively affect employees on a personal level within the organization.
Sustainability
There is no alternative to sustainable development. It’s important to ensure that once a company’s goal has been met (perhaps one of many), this level of achievement is sustainable, and will be used as a new platform from which the company, and employees, can continue to grow.
Networking & Collaboration
Workplace productivity is highlighted by the exchange of ideas and information, not just amongst internal staff, but with others in your industry. Don’t be afraid to branch out and share ideas beyond the borders of your company. Collaborating with other professionals can reduce the cost of doing business, as well as provide you access to new ideas and technologies.
Human Capital Management
Your employees are your most valuable resource, and the employees who spend the better part of their day contributing to the success of the company are the biggest contributors to productivity in the workplace. Properly executed, Human Capital Management recruits the right people and helps them to develop the skills that will set them (and the company) apart from the competition. Corporate team building programs are a great resource to use in this area.
Measure What Matters
You can measure anything in business to gain an understanding of where your company stands in the grand scheme of things. It’s more effective and efficient, however, to measure what matters most. Evaluate at your company by identifying the areas that are the highest contributors to the success, and measure your level of productivity in these areas.
Productivity in the workplace benefits all involved: the company, the employees, your customers and your bottom line. Maybe a team building scavenger hunt is just what you need to get your company moving in the right direction. Check out just a few of our top North American locations or give us a call about what you have in mind: