Most everyone can agree that business productivity can be traced to an organization's ability to successfully execute on overall strategy. What else ensures business success? Businesses need engaged and highly productive employees executing on goals that are aligned with the organization's strategic objectives.
And, if execution is the key to a successful business—what are the steps to increasing your business productivity for greater execution on your strategic goals? How do you know your business alignment and people performance are working at optimal levels to maximize business productivity resulting in the best possible results?
Greatest benefits of business productivity software
Using technology to maximize your business productivity creates the platform to realize true business success. Business productivity software ensures organizations have the tools to overcome the challenges of executing on strategy every day and prospering in today's economic times. Increased business productivity can be traced to the automation of processes allowing for faster communication of strategy, increased time spent on strategic priorities and greater project completion rates.
The following are additional ways business productivity software drives business processes more efficiently to gain optimal results:
Create an open and communicative environment. By centrally locating the performance appraisal information within a formal online framework, managers can more easily communicate business strategy and create measurable goals for their employees that will support overall company objectives. It also allows for greater visibility, thereby allowing employees to see the whole picture and understand better how individual goals fit into the company's business objectives. This creates energized and engaged employees, thereby raising the business productivity of the company.
Connect teams virtually within the company. Create employee portals and team sites to help people work productively across the organization, no matter what location or team. You will eliminate "corporate silos" that effectively cut off communication because employees can utilize technology to reach out to others working on similar projects or find experts to answer their questions throughout the organization.
Motivate your employees using technology. Based upon the information gathered in an online performance evaluation, managers can compare current skills with those required for advancement or other recognition or reward opportunities that present themselves as the manager tracks progress on employee goals throughout the year. You may also find you need to redirect employees to different departments if you feel their business productivity could increase elsewhere. If there are impediments to better performance, the company should review why it is happening and try to eliminate these through better allocation of resources or additional training.
Monitor business productivity and employee progress on goals. Online business productivity software solutions enable managers to more easily track progress during every phase of goal completion and offer immediate reinforcement or coaching to keep performance and deadlines on track. This process leads to greater business productivity because your organization is staffed with a workforce of people who are continually learning new skills and being challenged to do their very best. When it comes to the people who work for you, alert, motivated, and happy employees will work harder. Encourage your staff by rewarding them for their successes, using both monetary and non-monetary incentives.
Analyze performance - Today's technology provides advanced reporting and business analysis capability to help you gain a deep understanding of business performance, customer preferences, and market trends. And, your executives and business managers can access performance metrics and analytical reports and use this information to work together to set or redesign strategy.
Generally speaking, employees want to be appreciated for their hard work. Business productivity software can bridge the gaps in communication and convey to each member of your team that they are valued. With your people working at their highest capabilities and your business aligned from top-to-bottom, you will be creating a workforce that is engaged, productive and loyal. Feeling valued is the key to employee loyalty which leads to greater business productivity.
About SAP SuccessFactors HCM
With SAP SuccessFactors solutions, we believe that purpose drives people and people drive business performance. To meet business goals today and be ready to digitally transform for the future, your organization must be able to attract, develop, and retain the best people — tapping into their full potential. We innovate every day to help connect your people to your purpose and transform your workforce experience, to inspire people to perform at their best, and develop the workforce needed for the future. With a leading cloud-based HCM suite, SAP SuccessFactors solutions help more than 6,400+ customers and over 100 million people, across more than 60 industries in over 200 countries and territories, turn purpose into performance. The SAP SuccessFactors brand is part of SAP, the market leader in enterprise application software. SAP helps companies run better, with applications and services that enable our customers to operate profitably, adapt continuously, and grow sustainably. For more information, visit www.successfactors.com or www.sap.com/hcm.