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Monday, 26 November 2012 05:00

How to Boost Your Profitability Without Spending Money

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The ways in which many companies deal with their employees is, to put it bluntly, quite static. Employees are hired, given a task and expected to complete that task with little consideration given to potential skills outside of the role for which the employee was hired. While this approach might be straightforward, it also represents a failure to capitalize on the strengths of a given resource. This can ultimately lead to a decrease in the level of job satisfaction for the individual, resulting in reduced productivity and a far lower ROI for the hire. What is the best way to solve this problem? In truth, it requires a dynamic approach to responsibility structuring that considers the individual employee. Fortunately, given the advanced level of current time and resource tracking software, it is not difficult to determine where exactly a given employee should be placed in order to maximize his or her potential.

For example, say Steve is working on a project as a general coder. He carries out his tasks well and tracks the time he spends on each individual segment of the project. However, after a few weeks, it is clear that he is 50% faster when coding one segment of the project over another. By assigning Steve to primarily code that one particular section, and reassigning the other tasks to another coder on the team who handles the additional responsibility with ease, the company has just increased their productivity on the project without any additional costs. As an added bonus, Steve likely feels more comfortable in his role as well. It is a win for everyone.

While this example is rather simplistic, imagine the implication if every employee is assigned to the tasks at which they are best. It sounds a little utopian, but in practice it is not too difficult to implement. Ultimately, a little insight into individual productivity levels across tasks can result in massive benefits for the company as a whole. Even if you implement this type of dynamic system on a small test group of employees, the results should be immediate and measurable. Increase productivity, increase employee satisfaction, and decrease the possibility for burnout and you will have a healthy, long-lasting relationship with your employees.

Read 4820 times Last modified on Monday, 26 November 2012 21:34

Curt Finch is the CEO of Journyx. Founded in 1996, Journyx automates payroll, billing and cost accounting while easing management of employee time and expenses, and provides confidence that all resources are utilized correctly and completely. Curt can be found on Twitter at @CurtFinch and on Google+ at +CurtFinch.

Website: journyx.com/company/curtfinch
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