Increasing staff productivity is an effective way to boost profits for your business because it essentially means that you get more for your money. However, pushing your staff too hard can have the opposite effect and result in declining morale, which has serious knock-on effects for the rest of your business. A study by Oxford University found that happy workers are 13% more productive, so here are five ways to make your staff do more whilst keeping their wellbeing in mind. 

What Makes a Good Company Culture? 

Before we dive in, let’s take a look at what makes a positive company culture. According to the Harvard Business Review, it should consist of the following: 
 
Plenty of available support for staff 
An inspiring environment 
Recognition for the value of each employee’s work 
Respect 
Being able to trust senior staff 
Forgiving mistakes rather than penalising them, and using them as a learning opportunity 
Transparency 
 
With this in mind, here are five ways to boost staff productivity whilst maintaining morale. 

1. Ensure Your Staff Have the Right Tools 

The easier you can make life for your staff, the more productive they will be. Equipping your team with the right tools allows them to work as quickly and efficiently as possible, speeding up workflow and decreasing stress. 
 
Productivity tools help to streamline workflows, whilst collaborative software ensures seamless communication and reduces time wasted sending emails back and forth. Although this may require you to spend more on subscriptions, the right programs will generate a great ROI. 

2. Prioritise Employee Wellbeing 

Businesses who put employee wellness first see increased productivity and reduced turnover rates. It’s a win for both parties. 
 
A white paper by Employee Benefits found that a sense of wellbeing amongst employees resulted in 31% higher productivity rates and 59% greater loyalty. A study by Deloitte had similar findings, showing that 60% of employers believed that employee wellbeing initiatives had a positive impact on employee retention, engagement and productivity. 
 
Ways to foster employee wellbeing include: 
 
Physical activity initiatives 
Ensuring you have necessities on site, such as tea, coffee and bread 
Encouraging staff to take regular breaks and maintain a healthy work-life balance 
Organising social groups or bonding events 

3. Positive Reinforcement 

Showing appreciation for your employees is an important part of motivating them and fostering a positive company culture. Set clear goals for staff and celebrate them for their achievements. Recognise and reward employees that go above and beyond. This not only prevents high-performing employees from becoming complacent, it also motivates other members of staff to follow their lead. 

4. Listen 

Many business credit cards offer lucrative rewards tailored to the needs of small business owners. This means that strategic use of your business card could see you reap many air miles, points and cash backs that can save you some serious money. These cards often have attractive welcome bonuses, too. Use your card carefully and you could easily offset the annual fee! 

5. Offer Flexibility 

The covid-19 pandemic has proved that your staff are capable of working well from home, so be sure to continue to give them flexible working options as the world opens up again. Research by the Harvard Business Review found that employees tend to interpret flexible working as a signal of trust and respect from their manager, so this is a great way to make your staff feel appreciated. 

Summary 

A strong company culture is key to boosting staff productivity. Listening to your staff, caring for their wellbeing and equipping them with the tools they need lays the foundation for their success. A happy team is a productive team, so keep the big picture in mind and work hard to make sure your staff feel seen, heard and valued. 
 
If you have any questions on this, please get in touch
 
Written by: 
Nicola J Sorrell - Effective Accounting 
Founder | Xero Champion | IR35 Expert 
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