Productivity is a crucial factor that drives business success. It is a key driver of economic growth, and improving productivity is essential for businesses to remain competitive. Many factors can influence productivity and identifying them is crucial for businesses to improve their performance. In this blog post, we will discuss the top factors that drive productivity, as identified by a recent survey conducted in the UK.
The survey was conducted by YouGov in partnership with Perkbox, a company that provides employee benefits and perks among 1,137 employees and 228 employers across the UK, and the results provide valuable insights into the factors that drive productivity. Here are some of the key findings:
Good working environment
The survey found that a good working environment is the top factor that drives productivity. 84% of employees and 71% of employers believe that a comfortable and well-equipped workspace can have a significant impact on productivity.
The second most important factor that drives productivity is flexibility. 80% of employees and 71% of employers believe that flexible working hours and arrangements can improve productivity. This is particularly important in the wake of the COVID-19 pandemic, as many employees have had to work from home.
Recognition and rewards
Recognition and rewards are also significant factors that drive productivity. 71% of employees and 54% of employers believe that recognizing and rewarding employees for their hard work can boost productivity. This can include bonuses, promotions, and other incentives.
Training and development
Training and development opportunities are crucial for employee growth and can also have a positive impact on productivity. 65% of employees and 56% of employers believe that training and development can improve productivity.
Technology and tools
Finally, the survey found that technology and tools are also important factors that drive productivity. 62% of employees and 70% of employers believe that providing employees with the right technology and tools can improve productivity. With Grazia Consulting, AI powered recruitment agency, you get access to cutting edge technology with no extra investment and reduced cost to hire.
In conclusion, the survey results highlight the importance of creating a comfortable and well-equipped working environment, providing flexible working arrangements, recognizing and rewarding employees, offering training and development opportunities, and providing the right technology and tools. By focusing on these factors, businesses can improve their productivity and achieve their goals more efficiently.