How To Increase Your Business Efficiency: 13 Smart Strategies

If you’ve ever wondered, how to increase your business efficiency, this article is for you.

A productivity strategy in any company is critical. By using these tactics, you can increase productivity and define organizational goals and value generation standards. This will allow your company to achieve high production while keeping expenses low.

You can focus your productivity strategies on three main areas: increasing employee productivity, improving business performance when interacting with customers, and improving overall company performance.

How To Increase Your Business Efficiency:

1. Identify employee performance gaps.

Before you set employee performance goals, you must first identify any gaps or weaknesses in staff performance in your organization. If your organization has multiple departments, you should aim to find at least one to two performance gaps in each department.

For example, you may have a performance gap between employee hours and tasks completed. Even though your employees seem to be working all day, projects are not being completed and sales are not being made.

Next, you can examine how your employees are performing. They may not have access to the latest technology, resulting in slower work procedures and missed project deadlines. This could be one of the gaps in your employees’ effectiveness: an unproductive work atmosphere.

Another example could be that your employees are not as engaged and enthusiastic about work as they could be. This is a consequence of deteriorating client relationships and projects not going as smoothly as they could. Another performance gap you may find is inadequate employee engagement and encouragement.

2. Establish a secure Internet network.

Many employee productivity problems can be linked to a poor Internet network, including misunderstandings between employees and customers, poor employee performance, and missed deadlines. You can solve this by ensuring that your business building has a secure and reliable internet network that can handle all processes.

This is especially important if employees interact with customers and each other over the Internet. Missed emails, failed customer communications, and delays in feedback can all be caused by slow or malfunctioning networks, which slow down employee productivity.

3. Make sure that your employees are working in an environment that is productive.

As an employer, you also need to ensure that your employees have a good working environment so that they can be as productive as possible. This may mean equipping them with state-of-the-art computers or laptops, as well as well-functioning devices such as printers, scanners, and fax machines.

If your employees are often on the go, make sure each conference space has fully functional conference phones and provide cell phones for company use.

You can also use Google Drive or another file-sharing app to make it easier for employees to share information. This way, important documents won’t get lost or forgotten, allowing employees to get the most out of technology and file sharing.

Switching to online file sharing can also reduce the amount of paper trash your company produces each year, reducing waste in the workplace and eliminating problems such as excessive waste production and money spent on recycling.

4. Verify that your employee’s salary is fair and includes all benefits.

Lack of competitive salaries is another potential reason for the lack of employee productivity. If you underpay and overwork your employees, you risk creating resentment, poor motivation, and high stress levels.

Make sure your employees’ pay is competitive in the marketplace and offers full benefits, such as health insurance and a 401K or other employee incentive program.

Most employees will work harder and be more productive if they know they will have job security and stability, as well as the assurance that their company will pay a fair and competitive wage. Healthcare and a retirement plan are also important motivators for employees to do their jobs right and can help you keep them for the long term.

This will reduce the need to spend money on recruiting and training new employees.

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5. Reduce the amount of time employees spend traveling for the company.

Business travel can result in reduced operational efficiency and wasted resources. Reduce the amount of time your staff needs to travel to a client or project site. If possible, use video conferencing and email to reduce the need for staff travel and only allow travel when it is truly necessary.

6. Put in place an employee appreciation program.

Create an employee recognition program (1) that makes your employees feel important to the company and is key to increasing productivity. Reward one person from each department each month who symbolizes hard work, diligence, corporate culture, and/or operational efficiency.

You can reward designated employees with a bonus, a chance to win an award, or even praise on social media. The award need not be extravagant or expensive. Instead, it should draw attention to the individual and make them feel appreciated by the organization, other employees, and customers.

7. Form a group to improve employee performance.

Encourage supervisors or leaders to organize an employee performance committee to track employee performance. To ensure the committee is well represented, try to include a representative from each department or area.

Schedule monthly meetings to explore ways to improve employee performance and set at least one to two performance goals each month.

8. Set up weekly follow-up meetings with your clients.

You can check in with clients in person to increase efficiency, or focus on selecting high-need clients and addressing any inefficiencies or difficulties. You should ask about customers’ overall impressions of the organization, as well as how they think the project manager, lead, or contact person handles time management and communication.

You should also make sure your staff is in constant contact with clients by checking in with them daily or weekly. No matter how many tasks your staff has on their plate, it’s important that they maintain open and accessible communication with customers.

This will demonstrate their ability to manage their time well and maintain effective customer relationships.

SEE ALSO: How To Negotiate An Offer Like a Pro: 24 Tips You Need To Know

9. Ask your customers for feedback on the effectiveness of your business.

During your weekly check-in, you should be willing and ready to record any feedback from customers.

Set up a customer feedback system where input is recorded in a survey or checklist on a weekly or monthly basis. Comments can then be discussed with staff to help them understand what customers expect and want.

Customer feedback can also be used to detect inefficiencies in customer interactions, such as missed deadlines or lack of communication. You can work with staff to come up with potential remedies for these inefficiencies, such as setting deadlines weeks in advance to ensure they are met, or maintaining regular check-ins with customers to keep communication open and accessible.

10. Track project deadlines to ensure that all deliverables are delivered.

Avoid micromanaging employees or customers, but you should be aware of the status of customer projects and delivery dates. This may include checking the status of certain teams or regions multiple times throughout the day, or holding daily or weekly check-in sessions for employees working on specific customers or projects.

Pay close attention to initiatives involving high-needs or high-risk clients and monitor them closely. You can also make sure that employees working on a particular project are prepared to deal with client requirements and are able to meet client expectations.

Making sure that the employee and client are working together effectively is an important aspect of ensuring project success.

11. Determine the year’s major performance gaps.

Take a holistic look at your company’s performance (2) and try to identify at least four to five performance gaps that employees should focus on each year. This will ensure that your goals are updated each year and that you can build on the previous year’s goals.

You may have performance goals for your company, such as improving the work environment by switching to a more advanced computer program or computing system, reducing the amount of paper waste produced in the office, providing better compensation for long-term employees, and providing clients with better project management by employees.

Once you have identified the significant performance gaps for the year, assign one goal to each department or division of the organization. This will make it clear who is responsible for closing the gap, thus increasing the likelihood that the gap will be closed.

12. Upgrade your company’s technology each year.

Each year, most companies can increase their productivity by upgrading their equipment, which may include faster computers, several scanners, or printers for use in the workplace. Focusing on the latest technology will help you maintain high operational efficiency while allowing your staff to reach their full potential.

If your IT requirements and expectations are growing, you may want to consider outsourcing to a contractor or outside firm. If your business is unable to keep up with the IT demands of your customers and employees, this may be a necessary cost.

This will allow your company to focus on providing exceptional customer service and meeting deadlines rather than IT issues.

13. Based on employee and customer input, update the company’s performance requirements.

Use customer and employee input to improve the company’s performance goals and make sure they are current. Make it clear to employees and customers that they are active participants in the company’s efficiency initiatives and that you rely on them to help you improve company efficiency.

I want to thank you for taking the time to read my article about how to increase your business efficiency. I sincerely hope its contents have been a good help to you.

Przemkas Mosky
Przemkas Mosky started Perfect 24 Hours in 2017. He is a Personal Productivity Specialist, blogger and entrepreneur. He also works as a coach assisting people to increase their motivation, social skills or leadership abilities. Read more here