When it comes to our productivity statistics, Great Britain’s a little less ‘Great’ and a little more ‘Middling’.
Since the 2008 Financial Crisis, the UK has suffered from a productivity gap that places it firmly in the bottom of the G7 list of countries. Earlier this month, it was reported that the UK had suffered its worst productivity drop in 5 years, continuing the flatline that has been consistent since the recession.
Admittedly, criticisms can be levelled at the way we measure our productivity. Currently, productivity is calculated by dividing the gross domestic product by the number of hours worked – but, as our eBook Maximising Employee Efficiency argues, this metric is a little inaccurate. In an article by the Financial Times in 2017 Diane Coyle, professor of economics at Manchester University, stated that “Many in the tech sector argue that conventional GDP statistics underestimate the importance of the digital revolution”. In other words, digital technologies are skewing the statistics slightly.
Still, that’s no reason to discount technology for the purposes of production – if anything, some shrewd investments and strategies could help improve your company output. How can technology aid your productivity?
If you’ve got the technology to free your workers from the confines of their office desks, embrace it. It’s expected that 50% of UK businesses will have Remote Working policies by 2020, and current statistics suggest that it’s beneficial to both workers and managers. 70% of workers feel that flexible working makes a job more attractive to them, while a survey by San Francisco-based CoSO Cloud reported 77% greater productivity in their remote workers (and if that stat feels a little biased, Stanford University echo the claim in their own two-year study).
Software as a Service
Before software such as Microsoft Office 365 offered subscription-based pricing, Office software was a lump-sum purchase that you’d pay for with every new release; and while that payment option still exists with software like Office 2019, not even Microsoft are keen on sending your business down that route – something their own advertising will attest to.
Why? Microsoft’s Office 365 is cloud-powered, integrates seamlessly with other Office apps and users on the same account, and is available from anywhere at any time. It allows users to cooperate and collaborate in real-time, without the restrictions of on-prem working, and with apps such as OneDrive for Business, files are accessible from any compatible device, including Mac and Android.
Process Automation means repetitive tasks – typically those that distract from more involving work – are instead entrusted to software. One of its more common forms is the scanning of common paperwork into a “Smart Document” format, where barcodes, serial numbers or other common formats are recognised and processed accordingly. This can even assist with GDPR and data security responsibilities – blocking out or deleting sensitive information as needed.
Productivity can no longer be measured in hours worked alone; if anything, increased productivity will mean using technical solutions to automate processes, and liberating users for more creative and collaborative projects. Modern technology won’t replace your workers – but it will enable them to pursue valuable new projects that leverage your infrastructure for all-new horizons.
Why not calculate your productivity with our FREE Productivity Calculator?
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How can you maximise your employees efficiency?
Our NEW eBook, Maximising Employee Efficiency, details the techniques and technologies that make the modern workplace more productive, progressive and efficient.
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