When a company’s workforce can produce more output than the input given (time, energy, and other resources), they are considered productive. When a company is productive, its profitability is increased, operational costs are lowered, resources are optimized, and there is more room for growth. Beyond benefiting the company, workplace efficiency and productivity also prove beneficial to customers, employees, and the environment.
Firstly, when a workforce is efficient, and systems are running seamlessly, customers are happy. More time is also available to cater to their needs and concerns. Secondly, for employees, when a company makes more profit, they’re able to give back to their employees in the form of incentives, medical insurance, pay raises, and so on. Lastly, the environment also benefits from workplace productivity since less energy and resources are used to produce more output.