Productivity is a critical factor for success in today’s fast-paced business world. In a world-class organisation, it’s essential to maximize efficiency, resources, and results to stay ahead of the competition.
Here’s why productivity is so important in such organisations:
- Increases profitability
By increasing productivity, an organisation can produce more output with the same resources, leading to higher profits.
- Enhances competitiveness
A productive organisation can respond quickly to changes in the market, and provide customers with a better experience, thus boosting its competitive advantage.
- Improves work-life balance
When employees are productive, they are able to complete tasks quickly and efficiently, freeing up time for other priorities, such as family and personal interests.
- Attracts and retains top talent
Productive organisations are attractive to top talent because they offer challenging work, growth opportunities, and a positive work environment.
- Increases innovation
By streamlining processes, an organisation can free up resources to invest in research and development, leading to new and innovative products and services.
To be productive, organisations need to focus on several key areas, including
- technology,
- training, and
- process improvement.
By investing in these areas, organisations can ensure that employees have the tools and skills they need to be productive, and that processes are streamlined and efficient.
Productivity is a crucial component of success for a world-class organisation. By maximizing efficiency and results, organisations can increase profitability, enhance competitiveness, improve work-life balance, attract and retain top talent, and drive innovation and growth.
Wanting to improve productivity in your organisation? ODI’s NQF5: Productivity comprises of 9 modules. It consists of one Management System Module, to create a common vision, and eight practical Modules, to make operations more competitive.
- Creates a common language for improvement.
- Utilises detailed checksheets, to depict the levels of improvement towards world class.
- Based on a proven methodology for sustainable business improvement.
To read more about this learnership, click here.
Author: Maryke Bergh: Senior Manager: Learning & Development