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How to Measure Employee Productivity in the Knowledge Economy

https://doist.com/blog/measure-improve-employee-productivity/

doist.com

How to Measure Employee Productivity in the Knowledge Economy
The ways we capture employee productivity in the modern workplace need to evolve. Learn innovative solutions to measuring and improving how employees work.

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Measuring Employee Productivity

Measuring Employee Productivity

Fixing employee productivity in the industrial age, when most workers were handling machinery and it’s parts, was a tedious but doable process. The managers had to fix the people who were making mistakes or were inefficient through systematic management.

Today, in the age of software and intellectual property, when half of the workforce is made up of knowledge workers, the old practices are of no use.

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The Old Productivity Formula

The basic productivity formula(productivity= output divided by input) worked well in the industrial age as the output and input were clearly defined and measurable.

Today’s leaders need innovative solutions to measure and improve productivity in a knowledge-based workplace, as the measurement of output and input is not what it was.

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Quality And Quantity

While assigning value to the output of knowledge workers, we cannot simply measure the output like before.

Coders and doctors cannot be measured by the hour, as their output is not uniform or consistent every hour.

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Old and New Input

Earlier input used to be the raw material. In the knowledge economy, the input is a mixture of a diverse set of tasks, like attending meetings, creating a campaign, giving a presentation, retraining the task force, and so on. They all look like work, but not everything is productive.

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The Human Element

Employees also have other concerns that hamper productivity and efficiency. It may be personal problems, a lack of will to work, or any other factor not in a manager's control.

The modern workforce enables employees to be the means of production themselves, using their knowledge, expertise and experience. The output is the quality of the results and the creative decisions made in a day.

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Shiny Happy People

Apart from the performance measurement and appraisals, management now has to take care of employee satisfaction and building strong, bonded teams.

A single-minded focus on results and output isn’t the right strategy anymore and it is better to take the ‘happy workers’ approach.

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Positive and Virtuous

Leaders now have to demonstrate positive and virtuous practices like:

  • Showing compassion and empathy
  • Providing support
  • Being like friends
  • Focusing on meaningful work
  • Forgiving mistakes
  • Not to blame or accuse the employees
  • Treating all respectfully
  • Showing gratitude and humility.

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One Man Army

In the new economy, knowledge workers have to manage themselves and have autonomy. They are no longer cogs in a wheel, but nodes in a neural network and their individual productivity is now more important than ever.

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How To Manage A Team

  • Ensure the team is working on the tasks that align with their core competency. Maximize the time for meaningful work, while minimizing other activities.
  • Set up the measurement yardsticks in the team for the output that you would require, like shipping of the product on a set deadline, or client scores.
  • Create a standardized yet flexible system of setting up the team goals. Take employees input so that they define what the team’s success would look like.

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The Perfect Team

Human beings are complex creatures, and merely getting the best people together in a team does not make it successful or efficient. Optimization of a team requires it’s team members to work together by showing sensitivity and empathy towards everyone’s feelings and needs.

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Focusing on Keystone Habits

Demonstrating that the company cares and values its employees makes them feel respected and creates reciprocating behaviour.

Focusing on a single measurable outcome (a keystone habit) that benefits the employees makes them work with utmost efficiency and enthusiasm. Focusing on key habits that enforce a positive, collaborative team culture sets of a chain reaction and seeps into the other habits.

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SIMILAR ARTICLES & IDEAS:

The Perception Game Of Organizations

The Perception Game Of Organizations

Many managers and even entire organizations perceive employees who spend more time working at the desk, coming early and leaving late from work, as sincere, dependable and hard-working.

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Time Measurement Vs Time Management

Productivity does not come from sitting idle at the office for hours.

Employees who are able to manage their time well and have a great work-life balance are more productive and should be valued over a person spending a lot of time in office but achieving little.

Stop Using Time As A Productivity Measure

  1. Avoid unnecessary meetings, as many meetings could be some form of excuse for the organizer to look busy and productive.
  2. Have clearly-defined productivity goals, instead of filling up calendars to have an illusion of productivity, while being busy just for the sake of it.
  3. Many repetitive tasks can be delegated, automated or even avoided.
  4. The Pareto Principle, also known as the 80/20 rule, tells us that 80 percent of our success will come from 20 percent of our efforts.
  5. Protect your time and practice mindful time-blocking to take care of important tasks.

Removing Stress From Work

Games release pent up stress that they have in the job or otherwise. A happy employee is a productive employee.

Games create an atmosphere of trust, leading to better talent acquisition and ...

All Work And Some Play Too

  • Short breaks between learning or working, and working for brief periods with small breaks in-between can lead to a higher-quality output. This is known as the Pomodoro Technique.

  • Games at work make employees form a bond with their co-workers, establishing friendships that lead to better teamwork and improved communication among team members.

Playing Games At Work

It is a general notion at an office that gaming activities at work are counterproductive, however, games can be an amazing tool to create a better work environment, increasing employee satisfaction and productivity.

Gaming at work bridges the gap between work and relaxation, making work feel more enjoyable and fun, making employees see their working hours in a positive, joyful way.

Happiness

Happiness and satisfaction are subjective concepts – while for some of us monetary benefits can be equated with job satisfaction, some might strive for recognition of their hard-work and los...

Workplace Happiness defined

In a fundamental sense, workplace happiness comes when:

  • We enjoy doing the tasks assigned to us
  • We feel right about the people we are working with
  • We are happy with the financial benefits we get from the job
  • We have the scope of improving our existing skills
  • We feel respected and acknowledged at work

Importance Of Happiness At Work

Happy employees are compulsory for a growing business.

A study on organizational success revealed that employees who feel happy in the workplace are 65% more energetic than employees who don’t. They are two times more productive and are more likely to sustain their jobs over a long period of time.

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