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Showing posts from December, 2024

Productivity Vs Efficiency: How to Balance both at Workplace

I used to think productivity and efficiency were the same thing. They are not, not even close to each other.  If you can learn to incorporate these two, they complement each other and maximize the benefits.  I have seen many companies often focus more on one than the other. But in reality, productivity and efficiency are equally important for a business to grow and last. What do you mean by productivity vs. efficiency? Productivity is the total amount of work completed over a certain period. Efficiency means how well one can use the resources, like time or materials, to do that work without wasting resources.  Simply, productivity is the quantity of work, while efficiency is the quality of how one does that work. In this article, I will discuss the differences between productivity and efficiency and how to maximize these benefits. Here’s what I have covered for you: Productivity vs Efficiency How to calculate them How to maximize them When to apply productivity and effici...

Workforce Analytics: Definition, Types, and Examples

  Have you ever wished you had a better way to understand your team?  I remember figuring out what would motivate my coworkers and how to help them succeed. Even I struggled to keep my team in a rhythm, and suddenly, my employee turnover rose. That’s when I came across workforce analytics. All the companies around the world now widely use it to measure and increase employee productivity. In the article, I will share: Definition of workforce analytics Benefits of workforce analytics Practical examples of workforce analytics Who should use workforce analytics How to implement workforce analytics So, let’s get started! What is Workforce Analytics? Workforce analytics, AKA workforce planning analytics, is a process that helps to inform and optimize HR decision-making. It uses both internal and external sources to make decisions.  Let’s give you a practical example: Once, I noticed my projects were taking longer than usual. My team members were barely concentrating, and even s...