Five Ways to Increase Productivity

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If a company’s business graph exhibits exponential growth, then it is simply indicating the aggregate productivity of the company.

It is observed that the best companies are 40% more productive than the rest which results in higher profits and faster growth than their peers.

Productivity helps in optimizing resources, lowering operational cost and reducing waste, and the also negative impact on the environment (which is unfortunately the most neglected point).Every employer should keep on looking for new ways to augment productivity at the workplace to enjoy unprecedented growth of the company.

Here are five ways to increase productivity

1) Automate the manual process

Every organisation across every industry should be using Robotic Process Automation, simply because it is the fastest, cheapest and the simplest way to climb the ladder of success.

In the 21st century, almost 80% of the successful businesses have used automation in some form or the other.

Nobody likes doing the same task, again and again, automation gives employees more time to relax and put in their creative best at work. Filling out forms, tracking, and collecting data are some of the manual tasks that can be easily automated.

“In a recent survey conducted, nearly 60% of the respondents claimed that they would save at least six hours if automation of manual process is introduced in their company.”

Automation also reduces the chances of mistakes because human intervention comes to 0%, bringing down the cost of errors and thus increasing the profitability of a company.

2) Redesign inefficient processes

An inefficient process uses more resources than it should but the output often fails to reach a satisfactory level. Inefficiency at the workplace, other than lowering the financial profitability, reduces the morale of employees, and reduces their creativity, it also leads to disengagement and frustration in employees.

Making processes efficient is also important if you are planning to deploy automation. While automation may give positive results by magnifying efficiencies, it can also harm your business if applied to an inefficient process.
An inefficient process plagues the company’s growth and thus it is in the benefit of the company to identify such tasks and redesign them to do ‘more in less’.

Invest time in planning, adapt flexibility in the work culture, keep the number of resources in mind, take feedback from all stakeholders and take your company to the next step by simply programming it to be efficient.

3) Introduce RPA for repetitive tasks.

Reducing Human burden and error is RPA’S everyday task!

RPA basically automates repetitive processes, usually, these processes are easily programmed in an integrated software.

When tasks that no longer require critical thinking are replaced by machines, employees are left with more time to involve themselves in cognitive tasks which leads to exponential growth in the productivity of the company.

RPA also allows employees to give their time on tasks that require higher order thinking skills and work on their strengths and weakness rather than putting precious hours in doing mundane, repetitive tasks.

Employees who exercise their mental strengths daily and work on their weaknesses are 8% more productive.

The introduction of RPA for repetitive tasks significantly brings down the cost of errors. Companies have experienced 25-60% reduction in their cost upon deployment of RPA.

4) Introduce AI for decision making

Cognitive process automation is here to change your business for ever!

If your company is taking the help of RPA for repetitive, human tasks then the next step is to introduce AI for decision making.

Artificial intelligence basically brings intelligence to information intensive processes. Trust AI, the changemaker with faster and better decisions.

Cognitive automation boosts the confidence of employees and encourages them to upgrade their productivity. Other than an increase in productivity, some financial benefits that a firm incurs upon deployment of cognitive automation are greater operational scalability, cost-cutting, and a reduction in the rate of errors.

5) Be operational all the time.

The New Normal -Reduce Physical and OfflineDependency

In times of uncertainty, this is the most important point.We are all well aware of the dent, COVID-19 has caused in industries across the globe.

If companies wish to avoid staggering growth even in times of pandemic or an extreme situation where employees can’t move out of their houses, then physical dependency has to be reduced by taking the help of technology.

Work from home is the new normal everyone has to adapt to. TCS and other major IT companies already aim to make 75% of their workforce, work from home by 2025. Automation, AI, interactive portals and many such innovative technologies is something you want to depend on.

The company should aim to make their workers operational all the time, so next time when an employee feigns a sick leave, grant it because you know it won’t hinder work!

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