Employee utilization rate, Track employee utilization
By Newwe - Sep 12, 2022
In this article, we will talk about how to effectively improve the work performance of your employee's and how improving your employee performance can accelerate your business growth in buckets.
An organization’s success and its ability to achieve business goals largely depends on its employee performance. Employee's who are highly engaged, motivated, and productive meet their goals within the allocated time (or earlier) and help an organization to accelerate its business growth. As an organization, improving your employee performance enables you to achieve your long-term goals, improves your employee satisfaction, and reduces the workforce attrition rate.
Employee productivity is a metric that defines the amount of work (outputs) that are efficiently produced by an employee on a project/task/goal versus a specific period of time to complete the work. Outputs are unique for each enterprise, but inputs or productivity enablers tend to be similar across various enterprises and industries. These inputs accomplish things such as teamwork, timeframe, workflows, efficiency of tools, innovation at work and more.
The brink of disruption post-pandemic encouraged organizations to make a shift to hybrid-remote work - evolving with their own hybrid work strategy. While this has offered employee's to invest more family time, flexibility with work time, and provided an option for whether to commute to the office or not, there is a little surprise of social distraction such as notifications on phone from family and friends all day and night, unplanned house chores, a distraction from the TV at home and more. This leaves employee's temporarily postponing their work resulting in a lowered performance rate. However, this alone is not a major concern for poor performance, but it may affect in the long run.
Employee's have become siloed and an inequitable threat to organizations for having low productivity. The rise in digital exhaustion caused by ungovernable tasks that were assigned to employee's is one of the primary reasons. Often employee's who are working on bigger projects tend to fall behind schedule if their tasks/projects/goals are not well managed. As an organization, the best thing you could do to ensure your employee's meet deadlines is to split their tasks, align them with milestones and allocate an appropriate time frame for each task.
It turns out that 98% of the population doesn't multi-task well. As per an article by Executive control of cognitive processes, multi-task can result a 40% reduction in productivity.
Most employee's think they can effortlessly switch between simple tasks such as whipping through their to-dos while parallelly listening to a team discussion on a conference call. This is not effective because by trying to multi-task they are shifting back and forth between the tasks and all of that is not efficient. Newwe presents the work pattern of employee's, tracks time that employee's spend away and their active hours, along with tasks progress – all in a single-view dashboard. So, you know the time that is being spent by each employee on each task and can intervene if any support is needed.
Employee's want the best of both worlds: nearly three-fourths of employee's say they want flexible remote work options to continue. They want a revised and renewed sense of purpose in their work, want a social connection with workmates, and feel a sense of shared identity while working remotely. If you fall short of understanding what your employee's really want and how they would like to work, you’re putting your business at risk.
In a survey conducted by McKinsey, 40% of employee's said they are at least somewhat likely to quit in the next quarter or two. This trend is not only poised to continue but may get even worse if the employee's are not happy with their work culture or flexibility at work. Some of these factors are causing the “Big Resignation” phenomenon.
In order to retain and attract top talent, you need to invest in a more fulfilling employee experience while meeting their fair demand for flexibility at work. As already existing employee's who pretty much knew about your product/service are a great asset, the company cannot afford to lose talent when questioned about flexibility. While all of this can happen when employers offer flexible options for employee's to master their work time.
The first step to identifying performance gaps is to understand how your employee's are performing and analyze various performance metrics such as KRAs, NPS, work efficiency, quality of work, training programs, and more. Analyzing these metrics on a regular basis can help you to gather a better understanding of why your employee's aren’t performing.
With a productivity monitoring platform like Newwe in place, organizations can effortlessly track which employee's are performing extremely well. The data can be used to train underperforming employee's while encouraging top performers through rewards and recognition. To ensure your organization is working at peak performance is absolutely important to stay on top of your competition, and a productivity monitoring platform like Newwe is how businesses are giving a cutting-edge through technology and growing exponentially.