Productivity has quickly risen as an important talking point in the corporate world. It is now used as an important parameter to measure the efficiency and growth of a company and its employees. As productivity is measured as the efficiency of work done in a particular amount of time, it is an important factor of the quality of work done. But with other factors like time efficiency and profits made, why is productivity important in the long run?
Why is productivity important?
The benefits of productivity are obvious for measuring the basic growth of the company and an employee. But do these benefits justify why is productivity important? Let’s find out:
Productivity of oneself or of a company’s employees influences more than a few parameters. Goals and targets are set based on the total productivity of the person. This makes it instrumental to know why is productivity important.
Thus as a person works more, a higher target can be set for the person to achieve. This helps in personal growth as the company benefits. Thus as higher targets are achieved in a shorter span of time, profits made by the company also increase. Thus, time efficiency also increases. As more work gets done, the profits made by the company automatically increase. Thus high productivity benefits everyone involved alike.
Lowering Operational Costs
As productivity increases, the amount of time taken to complete the same amount of work decreases. As one begins to utilize lesser work hours to complete their tasks, the labor costs are bound to decrease. Thus more work can be done in the same amount of time at the same cost of labor. This further adds to the company’s profits.
Now, with the introduction of the work from home method, it is seen that more work is done from the comfort of our homes. This has further contributed to better productivity and hence, lesser stress and anxiety. Healthy mental health is a prerequisite tool for understanding why is productivity important.
Increased productivity leads to higher competitiveness. This sentiment of competition can lead to the overall growth of all the employees when promoted in a healthy way. As gets more work done, the number of clients they serve and the number of tasks they do also increase. This motivates the other employees to work better and efficiently too.
The higher competition also makes way for setting new targets for the employees to achieve and surpass. Organizing rewards for better performance can also promote higher due to competitiveness.
Seizing The Opportunity For Growth
As efficiency in a workplace increases, the tasks are completed faster. Thus time is still left unutilized even after the prioritized tasks are done. This leftover time opens avenues for further growth of the person. But often this time is used up in doing shallow work and mundane tasks. These do not contribute to the growth of the person. This can nullify the whole purpose. Then how must one utilize this extra time?
This extra time can be made worthwhile by learning new skills that better the person’s skill set. Thus this makes way for professional as well as personal growth. The time can also be used to rest and re-energize oneself for better work energy later. This is the reason why is productivity important.
Higher does help to directly improve a person’s work output. This allows us to do more as we become more time-efficient. With this as a tool for time efficiency, one gains satisfaction with one’s work. But this is not the only reason why is productivity important.
Reduced stress and increased control of one’s work ethic is one major benefit. This added with an improvement in one’s well‐being and better focus levels is another reason why productivity is important. As we gain more personal time with better time efficiency, we can use this time to get healthier. Thus this does not only help your work life but also your personal health and well-being.
Why is productivity important?
Better productivity is essential for the betterment of a company and its employees. Thus, the mental and physical health of employees is also seen. This can be easily achieved but one must be wary that it doesn’t lead to burnout. Using methods like deep work and understanding its benefits, can help you achieve the goals you desire.
Efficiency affects productivity positively as high efficiency means tasks are done faster. Hence efficiency should be considered while calculating productivity.
Quite basically, Productivity = total output/total input
Efficiency is important as it saves time, resources as well as effort while also improving productivity.
High productivity ensures higher work output and thus an increase in sales or revenue.