Leverage every dime you have to outsource and buy other people's time. That is the key. Organize your168 hours, then BUY hours from others to grow. Shane & Jocelyn Sams built a high six-figure business selling digital products and started FlippedLifestyle.com to help other families "flip their lives" with online businesses.

How sage is the quote? The aforementioned remark is the ideal illustration of productivity. People are significantly moving their lives forward.

Nowadays, the majority of people feel pressure to produce. Since there is no set norm, it is up to each setting and each person to decide what being productive means. A comparison between the commodities and services produced and the minimal production target or expectation constitutes productivity, an economic metric used particularly in the sphere of labor (including national economies). Currently, it is a concept that has been applied to different fields like entrepreneurship and personal development but is more concentrated on a single topic.

PEOPLE AND PRODUCTIVITY

Let's examine the thinking of the shop owners mentioned in the above market:

Source: VectorStock

  • Ram General Store: Ram doesn't take his time finding the proper candidates. He only makes sure to negotiate the lowest price for them.
  • Fasil Restaurant: The proprietor issues directives and anticipates a lot of effort from her team. She believes that paying their salary is all that is necessary.
  • Sitara Metal Workshop: The proprietor has no interest in making his workplace a safe place for employees to work. He believes they are overpriced.
  • Lakshmi hair and beauty salon: The owner doesn't take the time to talk to her personnel. She is not concerned about their issues.
  • Sarath Cycle Shop: The proprietor requires additional room for his workshop. He works on the side of the road, cluttering it in the process. He doesn't care what people say about him.

Remember that everything pertaining to productivity has to do with the company's workforce. It is possible to execute jobs using a variety of techniques, and some employees might be more productive than others.
Employee inefficiency will hurt the business. If they perform their duties effectively, productivity will increase and the business will grow. 

THE PRIORITIES IN HUMAN LIFE

Image by Gerd Altmann from Pixabay 

The majority of people list their spouse, children, friends, health, money, and time to be their most valuable belongings. Highly successful people have a similar list, but they prioritize time above anything else.

Shouldn't health come first? You may be in good health, fall ill, and then recover. And how about cash? You can lose all of your money before you make it back. 

But wait... Time is a finite resource that can never be recovered. You cannot spend time while working to gain more. It cannot be purchased, rented, or borrowed.

Before I decide to take on a new project, I analyze it…How much of my time will this take, and what is my financial upside potential. I create a “dollar per minute” analysis, hopefully a million dollar per week upside.Kevin Harrington is the inventor of the infomercial, a bestselling author, an original investor on Shark Tank, and founder and chairman of As Seen On TV, Inc.

HOW TO INCREASE PRODUCTIVITY? 

Personnel Development:

1. Most Important Task (MIT) and Productivity

The two most crucial factors in time management, productivity, and stress are priorities and mechanics (i.e., the mechanics of putting time management strategies and techniques into practice), according to Therese Macan, a professor at the University of Missouri-St. Louis who conducted ground-breaking research in these areas. Knowing what to focus on and how to accomplish your goals are, to put it simply, the most crucial factors. 

In addition to increased productivity, having a daily MIT correlates to higher levels of happiness and energy. - The Kruse Group, 2015

If you want to build great products, devote more than 50 percent of your work hours to product. Don't accept speaking opportunities if you can't justify them as benefitting your users or your company. – Mark Pincus is the co-founder and CEO of Zynga

2. Stop making To-Do lists — Do this instead

  • Do you really think millionaires and billionaires walk around with a to-do list? 
  • Do you honestly think Bill Gates, Donald Trump and Warren Buffett compose a long to-do list and priorities items like A1, A2, B1, B2, C1, and on and on?
  • Do you really believe Steve Jobs had a to-do list and asked himself, "What's my next action? " several times per day.

The Problem with To-Do Lists:

To-do lists should indeed be termed frustrating wish-lists. A set of things you hope to achieve, without a particular strategy as to when you’ll get them all done. How many items on your current to-do list have been on there for several days? For weeks? Months?

3. The Most valuable asset is time - "1440"

Being the one genuine equalizer, time is special. People can either be born rich or impoverished. Ivy League graduates are among them, but there are also high school dropouts. Some people are physically disadvantaged, while others have innate talent for sports. Yet each of us has the same number of minutes in a day. The most fundamental factor is time. 

Let's do a activity...

Keeping your hand close to your heart I'll say it again: Please, really do it. Feel the heart by placing your hand against your chest. pound, pound, pound. Consider your breathing and become aware of it. In. Out. In. Out. The beats you lost are irreplaceable. The breaths you lost are gone forever. In actuality, I simply reduced your life by three beats. You were just given two breaths by me. But if it enabled you to actually experience the passage of time, it was worthwhile. "Sure, yeah, the significance of time," you may be saying. Naturally, that is the reason I am reading this. I understand!

Despite the fact that time is one of our most valuable assets, we frequently allow individuals to steal it. 1,440 is a magical number that has the power to alter your life. I urge you to give it a shot. Simply draw a large "1,440".

Why Minutes Rather Than Seconds?

A day consists of 86,400 seconds. And by all means, put up a "86,400" sign to remind you of the time if that number has greater meaning for you. I, however, believe that concentrating on minutes is more effective. Seconds can easily pass by.

4. Three different types of days:

  • Focus Days: During "game days," we should concentrate on our most crucial tasks, which are often those that generate cash. Do what you do best; these are the days when we should ideally be utilizing our special talents.
  • Buffer Days: During these days, you can catch up on calls and emails, conduct internal meetings, assign projects, catch up on paperwork, and finish up any work-related training or educational activities.
  • Free Days: These are days off from all employment. The time has come for a vacation, some fun, or even some charity. These days are for rest and relaxation; no emails, calls, or thinking should be made regarding work.
Do one thing at once. Stop multitasking! - Mike Cannon-Brookes is the co-founder of Atlassian, an Australian software company.

The basic principle of time management is as follows: do one thing, and one thing only until it is finished, then move on. This means put your phone away so texting, Snapchat, Twitter, and Instagram aren't distracting you while doing homework. –Elizabeth Poblete is a straight-A student who attends Xavier College Preparatory.

Your mobile device? Turn off ALL notifications. Only look when you have time or when you have scheduled time to deal with it. Granted, I have a unique tone for my wife, but that's about it. Don't let technology control you... you control your technology. –Mitch Joel is president of Mirum, a global digital marketing agency. He is the author of Six Pixels of Separation and CTRL ALT Delete.

HOW TO INCREASE PRODUCTIVITY? 

Staff Productivity:

People are more motivated to work when their needs are met, which increases staff productivity. First and foremost, people need to be able to support themselves and their families financially. Next, they need to feel safe and secure in their jobs. Third, they need to feel like they belong to a team and work well with others. Fourth, they need to be given responsibility and rewarded for their efforts. And fifth, they need to be able to advance in their careers. You can inspire and increase the productivity of your employees by taking into account these needs.

  • Pay respectable salaries or wages that meet the essential requirements of your employees, making sure that these payments comply with national wage laws, maternity protection policies, and other pertinent legal requirements. To inspire employees, think about providing additional financial rewards.
  • Ensure that your employees feel safe and secure in their employment. People are more motivated and productive in a secure work environment.

  • Promote teamwork and provide your employees with the chance to join the team that runs your company.
  • Give your employees daily feedback, and regularly evaluate their work in a performance review meeting. Establish a connection between performance and compensation.
  • To ensure that your employees execute to the best of their abilities, on-the-job training is required. As your company grows and new talents are needed, additional training may be required.
  • Training is required if your employees don't know how to complete the task appropriately. The goal of coaching is to provide employees the abilities they need to perform their jobs more effectively.
  • Developing employees is essential for productivity increases and includes:

    1. Giving employees the opportunity to do a new job for a brief period of time in order to broaden their knowledge and experience.

    2. Promoting employees already employed by your company rather than hiring outsiders.

1. People, productivity and planning

An organization's organizational structure describes how it sets up its workforce and job roles to facilitate the completion of its tasks and the achievement of its objectives. A formal structure may not be required if your organization is relatively small and contact among all the personnel is frequent. However, when your company expands, you should consider assigning different tasks to your staff members and ensure that they understand their responsibilities, reporting lines, and tasks.

Personnel management is distinct from human resource management. The deliberate process of hiring individuals, educating and guiding them, and inspiring and rewarding them is known as human resource management.

2. Workplace culture and productivity

Employees who feel comfortable and productive at work perform better and are more productive.

  • Being productive requires doing the right things the right way. Not only must you work harder, but you must also work smarter. To do this at your company, describe or show your workflow, examine each step, pinpoint any difficulties, and consider how to make improvements.
  • The five "S"s—Sort, Systematize, Sweep, Standardize, and Self-discipline—are commonly used to describe good housekeeping techniques.
  • Accidents that halt performance and lower employee motivation can be avoided with the support of a safe workplace. It reduces the factors that contribute to accidents, hazardous physical circumstances, and poor work practices.
  • The following procedures should be taken in order to lower the risk of accidents and illnesses in your place of business:
    1. Step 1: Create a plan to prevent sickness and accidents at work.
    2. Step 2: Conduct frequent safety inspections. 
    3. Step 3: Immediate problem-solving. 
    4. Step 4: Create a plan of action for handling accidents or illnesses.

Aspects of the workplace culture include how individuals carry out their tasks, interact with clients, and communicate with one another. Your employees will be more effective and productive if the office environment is comfortable.

  • Your company's people should all share and be devoted to its core values, beliefs, and ideologies. 
  • The code of conduct is a specific description of the business values, and it will act as a guide for all behaviors and situations in the workplace. It is a set of behavioral guidelines that employees should go by to guarantee that the company's values are represented in all workplace activities.
  • A discrimination-free workplace culture is a desirable workplace culture. It entails treating everyone fairly. A workplace can also practice equitable treatment in addition to equal treatment, which could entail giving people who have previously experienced discrimination additional incentives or support.
  • Talking with your employees and supporting their right to freedom of association and organization not only makes them happy, but it also facilitates communication and fosters better relationships between you and your employees.
  • When people collaborate, conflict is possible. Conflict makes people feel uncomfortable, wastes time, and reduces productivity. Therefore, resolving disputes will boost workplace morale and efficiency.

3. Complexity management and Productivity

  • The staff members could experience issues that have an impact on how they perform at work. They are viewed as troublesome employees when this occurs.
  • As the person in charge of ensuring the business' efficiency, the employer must be able to deal with disgruntled workers in a way that benefits them all while maintaining the business' productivity.
  • Acquire the skills necessary to recognize the warning signals of troublesome workers in your company.
  • Recognize that the employee is having a difficulty, talk to them about it and try to find answers, take action to solve the issue, and then follow up and offer assistance.
  • Take preventative measures, create a code of behavior, and provide assistance to troubled employees to avoid difficulties that arise from these individuals.

4. Business relations and productivity

The connection between people and productivity extends beyond interactions with those who work directly for you. It covers anybody who interacts with your company. Customers, suppliers, your neighbors, the community, your rivals, government organizations, business associations, and educational institutions are all significant groups with whom you should maintain strong ties.

  • There won't be any revenue without clients. The value of maintaining good customer relations cannot be overstated.
  • Suppliers are crucial to your business because they provide the products and resources you use or sell to your clients. Maintaining positive relationships with your suppliers will increase your company's efficiency and profitability by ensuring that you have a consistent supply of high-quality goods at competitive prices.
  • Your family is a crucial business contact as well. You may be sure that your family will promote your company well if you keep up solid, productive interactions with them.
  • Businesses that harm the neighborhood and trouble the neighbors will encounter more and more difficulties. Nobody wants to work for a company that their neighbors dislike. Businesses that are concerned about their neighborhood's influence will have the backing of the locals.
  • Maintaining positive relationships with rival businesses in your area pays off. To compete in the market, you must work together. Similar businesses can collaborate on a number of initiatives that will be advantageous to all of them.
  • A regulatory framework governs how every business operates. Failure to comply may lead to the company's demise. Government and labor union leaders and organizations can offer helpful information and suggestions on how to comply with requirements in a cost-effective manner. Additionally, there are advantages to being a member of business organizations and staying in touch with pertinent educational institutions. Naturally, having positive relationships with banks is crucial for your company.

A WISE PLAN

How can human resource management and improved interpersonal relationships help your company increase productivity? Create an action plan first. As part of your plan, note:

  1. What are the biggest issues with people management at your company?
  2. How will you approach each issue?
  3. Will you or a third party resolve each issue?
  4. When do you intend to address each issue?

Keep in mind these advices:

  • Be realistic while creating a plan for a three- or six-month term. Keep this manual on hand at your workplace so that you and other employees can refer to it when necessary. Only include tasks that you believe are feasible. Try to address the most pressing issues first.
  • Verify that you are adhering to your action plan on a frequent basis. It is wise to check each week.
  • Think about hanging your action plan on the wall to make it simple to notice and review.
In small businesses, labor is one of the most important factors influencing productivity. Productivity will increase when employees are skilful, work hard and do their jobs efficiently

CONCLUSION

A decrease in input or an increase in output can both increase productivity. The intervention areas must be properly selected. To do this, you must first define the variables that affect productivity, then pick the precise areas where improvements are desired, and finally use productivity indicators to gauge how much progress has been made.

  • Both internal and external factors have an impact on productivity, but internal issues can be addressed to increase productivity much more quickly.
  • Indicators of productivity are used to gauge progress. They must to be pertinent to the company's operations and concentrate on areas that need fixing or in which issues exist. They should be flexible to changes in input or output and built on readily accessible corporate records.
  • Ongoing monitoring of productivity indicators will make it easier to gauge progress. Occasionally, new and unique indications for other elements of the business may be introduced.

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References:

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