Being productive–the rate at which someone is doing valuable work–can impact a business significantly. Good business productivity is determined by a company’s speed and quantity of production and the quality of the work they can get done while utilizing the optimal combination of time, resources, and more. When a business is productive, the company, the customers, and the employees benefit. Here is a list of the benefits of good business productivity.

Greater Profitability

When a business becomes more productive, producing goods and services is less expensive than it used to be. More for the cost of less would yield a better ROI (return on investment), allowing the business to reinvest the extra revenue back into their company for bigger and more profitable projects. 

Lower Operational Costs

When workers improve their workflow, productivity, and overall efficiency, companies can produce more in less time, reducing labor hours. You can do this through better training or an investment in technology. Fewer labor hours coupled with increased productivity would decrease operational expenditures.

Optimizing Resources

Effective utilization of available resources is one of the positive consequences of better business productivity. When workers are productive, they use the optimal energy, time, and resources when producing a product or service.

Better Customer Service

A more productive company can promote better customer service. As mentioned previously, productivity is also determined by the quality of the work completed. Better quality of goods and services will improve customer satisfaction.

Improved Employee Engagement

When employees are productive, they are usually more inclined to participate in the business’ activities. Positive employee engagement can create an excellent work environment and happier employees. Additionally, engaged employees are more likely to improve customer relationships, which has proven to result in a 20% increase in sales on average.

Improved Employee Wellbeing

There is less work-related stress, burnout, absences, and turnover costs when employees are productive. Productive employees are more likely to be happy with their work, which means employees will stay longer, decreasing money spent on hiring and training new talent. Additionally, employees will have better attitudes and feelings because of less stress, allowing for better performance.

Want to make your business more productive? At ActionCOACH Houston Inner Loop, we can help you evaluate and assess your productivity level and guide and teach you how to enhance your company’s productivity. Contact us today, so we can create a personalized plan for your business to optimize your time and resources for better business productivity.