Improving Employee productivity


Improving Employee productivity

Reviewing Your Employee performance and overall Business Performance To Increase Your Profit Margin




Many key decision makers,business owners focus on the day-to-day running of their business and forget to stop from time to time and find out how far they have come, where they are and where they are going. This is a reason for some business failures.


The measurement of Employee& Business performance should be a continuous process which involves checking the performance against the mission and objective of the company .It leads to compare the actual performance with the established standards.


It is one thing to have an increased profit margin and the business is not growing;It is another scenario to have a low but growing profit margin and clear indicators of business growth .


The importance of Business Performance review is not only to improve the performance ,but also the productivity/effectiveness of a business entity by reducing costs/ liabilities and waste occuring in business.It is a good way to align the activities with the plans being established




Objectives of Employee performance and overall Business Performance Review


The objectives of Employee and overall Business Performance review include:


ü Ascertain the employees ‘s performance in the business to deliver their goals and objectives


ü Improve individual performance by providing positive, constructive and developmental feedback


ü Measuring the performance of business processes (efficiency, effectiveness and conformance), technology and people


ü Assessing the company’s ability to meet customer requirements, and internal and external rules and regulations


ü Recognize the employee's productivity level which clearly shows whether they are assets and liabilities to the the business


ü Assesses understanding of the objectives, mission of companyYou can edit all of this text and replace it with what you want to write.






Business performance Auditing for maximize productivity and growing the business 



Many key decision makers,business owners focus on the day-to-day running of their business and forget to stop from time to time and find out how far they have come, where they are and where they are going. This is a reason for some business failures.


The measurement of Business performance should be a continuous process which involves checking the performance against the mission and objective of the company .It leads to compare the actual performance with the established standards.


It is one thing to have an increased profit margin and the business is not growing;It is another scenario to have a low but growing profit margin and clear indicators of business growth .


The importance of this Business Performance Auditing is not only to improve the performance,but also the productivity/effectiveness of a business entity by reducing costs and waste occuring in business.It is a good way to align the activities with the plans being established 

 

Why Measure Business Performance?


Business performance measurement has a variety of uses. Bititci,Carrie and Turner (2002) list the following reasons companies measure business performance:


To monitor and control

To drive improvement

To maximize the effectiveness of the improvement effort

To achieve alignment with organizational goals and objectives

To reward and to discipline

 

Reviewing your progress will be particularly useful if you feel:

Uncertain about how well your business is performing

Unsure if you're getting the most out of your business or making the most of market   

opportunities

Your business plan may be out of date, e.g. you haven't updated it since you started business

Your business is moving in a  total direction different to the one you had planned because of the economy

The business may be becoming unresponsive to market demands

It is also helpful if you have decided that your company is ready to move on to another level.

Objectives of Business Performance Auditing

Auditing is an integral part of most management systems and are usually a requirement of external

standards (e.g. ISO 9001 or ISO 14001) .


The objectives of Business Performance auditing include:

• Ascertain the employees ‘s performance in the business to deliver their goals and objectives

• Measuring the performance of business processes (efficiency, effectiveness and conformance)

• Assessing the company’s ability to meet customer requirements, and internal and external rules

 and regulations

• Identifying the leading competitors in your industry and probing into the strength,weakness, threats and opportunities open to them

• Assesses understanding of the objectives, mission of company

 

 

Outcome of project 


Assessed your core activities

Assessed your business efficiency

Reviewed your financial position

Conducted a competitor analysis

Assess the potential of human capital&their personal development as an asset to the  

company

Ascertain the employees ‘ performance in the business to deliver their goals and objectives

Assessed if necessary redefined objectives, mission of company