SERVICESWhat are Inefficiencies and Poor Performance Really Costing Your Business?
Have you considered what the opportunity cost is of inefficiency and poor performance? It is often initially experienced as frustration and disengagement at work.
By the time those emotions have been anchored into the core of your company culture, the cost would have been spent in lost productivity, increased mistakes and reduced output.
Unfortunately, this leads to increased staff reluctance, staff absences and high staff turnover.
Research shows that… 85% of all businesses don’t have documented processes, which leads to 40% of workplace productivity being lost while transitioning from one task to the next.
Why? Because your staff won’t magically “just know” what to do when to do it, or how to do it.
Even if you’ve given them training and resources, their performance might still be impacted if you haven’t given them effective workplace processes.
After all, your team want to do well at work.
They want to feel productive, valuable and know they’ve contributed to the business. What’s more… they thrive on acknowledgement, reward and job satisfaction.
If inefficiencies in your workplace frustrate your team and stop you from confidently growing your business, then effectively documenting your processes is the solution.
Your staff will have clarity, confidence and certainty. Their performance will improve. They will be more productive and get better at doing extra tasks. They will have a sense of pride and achievement, be more engaged and invested in the workplace.