Productivity and Management Survey Results for the Year 2018
Hubstaff's State of Productivity and Management Report 2018 Reveals Key Insights
In the ever-evolving business landscape, productivity and management practices are under the spotlight more than ever. Hubstaff's State of Productivity and Management Report 2018, conducted in partnership with Hppy, ActiveCollab, and Pivotal, sheds light on the current state of productivity and management, revealing several key findings.
Current Challenges
The report highlights that maintaining productivity, ensuring transparency, and fostering efficient communication and accountability within teams are some of the primary challenges faced by managers and employees alike.
Frequency of Productivity Measurement
Interestingly, the report finds that productivity measurement is generally infrequent, with many organizations measuring productivity only sporadically or after project completion. This approach, however, often results in missed opportunities for timely improvements.
Hiring and Retention Trends
The report indicates a growing difficulty in attracting and retaining quality talent. Many companies are struggling to maintain employee engagement and satisfaction due to poor management practices or lack of clear performance metrics.
Impact on Business Growth
The productivity and management challenges outlined in the report significantly hinder scaling and profitability. Inefficiencies delay projects and increase employee turnover costs, impacting business growth negatively.
Addressing the Challenges
The report underscores the importance of more frequent, data-driven productivity tracking and better management processes to overcome these challenges. It suggests companies should adopt tools and practices that enable regular measurement and feedback loops to enhance transparency and accountability in the workplace.
Open Communication and Feedback
Open communication and feedback are critical in productive organizations. Common questions organizations ask include: Are we running at peak performance? What strategies do we have in place to support productivity? How does increased productivity drive business growth for us?
Financial Metrics
Financial metrics are the most popular way of determining savings or revenue gains as a result of productivity tools and processes. For most organizations, growth is seen as an increase in the number of customers and revenue, as well as gains in brand awareness and authority in an industry.
Embracing Change
In 2018, organizations are constantly adapting to changes in the business and technology landscape. The report serves as a valuable resource for businesses seeking to improve productivity, manage their teams more effectively, and support sustainable business growth.
A free copy of the State of Productivity and Management Report 2018 is available for download, offering insights that can help businesses navigate the complexities of productivity and management in the modern workplace.
- Hubstaff's report, in partnership with Hppy, ActiveCollab, and Pivotal, suggests that regular, data-driven time tracking with tools like Hubstaff is essential to overcome challenges in productivity and management.
- In the education-and-self-development sector, productivity is a crucial factor in personal-growth, and the report highlights the role of frequent productivity measurement in enhancing performance and driving business growth.
- To attract and retain high-quality talent, companies should focus on improving management practices, providing clear performance metrics, and fostering a transparent, accountable workplace culture, as indicated in Hubstaff's State of Productivity and Management Report 2018.
- The financial impact of productivity tools and processes is often measured by an increase in customers, revenue, brand awareness, and industry authority, as shown in the financial metrics section of the Hubstaff report.
