From making the day go by faster to helping you stand out as a star manager or employee, productivity plays a huge role around the workplace. Productivity can literally make or break a company, and an office staffed by sub-par employees has the potential to fail worse than Hollywood's latest box office flop. Understanding the importance of productivity in the workplace can help you assess your own productivity and encourage your coworkers to analyze theirs, leading to an overall better work environment.
Low productivity translates to low profits, and in a world where money talks, most companies cannot afford the financial consequences of slacking. When a company is paying employees who do not produce at a profitable rate, that company may quickly sink. If you are consistently productive at work, you are a financial gold mine for your company because you help make up for your less productive coworkers and set a standard for others to try to reach. As a manager, weeding out unproductive workers is the quickest way to boost your financial outlook and increase your profits.
It's discouraging to see others waste time on social media sites while you slave away for the same wage, and you may feel your morale decrease as you watch your peers slack off day after day. Soon, other hard-working coworkers may find they share your feelings, and the overall morale around the office can begin to fade. Low morale often results in even lower productivity, creating a vicious cycle that can be difficult to break. Keeping group morale high and strong will not only boost productivity, but can also lead to a less stressful work environment that results in lower turnover rates.
Productive employees are able to meet deadlines and keep things running smoothly. Lapses in productivity can result in a blown deal or fines for failing to meet contractual obligations, neither of which are desirable for a company's public image ... or bank account. Your productivity and the productivity of your peers can help your company reap the benefits of completing projects before a deadline, which sometimes can result in bonuses or reduced costs.
Your customers expect you to produce when you say you will, and on a consistent basis. The last thing any business wants is bad word-of-mouth publicity because of unproductive employees. When you meet customer expectations, they speak positively of their experience, which can lead to more business and more profit. The same can be said when you do not meet their expectations. Customers are willing to give a company only so many chances before they are simply fed up with your flaky nature, and they will take their business elsewhere.