New Tool Release – Value of Employee Productivity
StrategyDriven contributors are pleased to announce the release of Diversity and Inclusion – Value of Employee Productivity.
Loss of productivity costs resulting from acts of incivility and poor managerial behavior are staggering and yet goes largely unrecognized. There is no financial statement line item, no general ledger entry, and no budget explicitly set aside for this expense that can cost an evenly modestly sized company hundreds of thousands of dollars each year. Likewise, those companies taking action to improve their workplace environments can realize significant financial rewards by doing so.
Using the StrategyDriven Value of Employee Productivity nomograph and method outlined here, organization leaders can gain a better appreciation for the direct monetary value associated with a change in employee productivity and begin to better value their diversity and inclusion initiatives.
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In our company we use WorkMeter as a tool to measure the productivity of people working in a computer. This way, and only measuring something, we can increase productivity improving the time management, individually or in departments. And as every employee has access to his own productivity profile, people can improve how they work and therefore, their productivity.