HR: how productivity impacts talent retention

It is essential to understand that business productivity can be defined as the result of the actions that must be carried out to achieve the company's objectives, in addition to a good working environment, taking into account the relationship between the resources invested and the results. In other words, it is the effective use of innovation and resources to increase the added value of products and services.

What is the importance of improving productivity in companies? It is the way for a company to sustainably grow and increase its competitiveness and profitability.

It should be clear that to sell more products or services, your company must be more competitive than, forgive the redundancy, its competitors in the market. But what makes a business competitive? Many factors contribute to competitiveness, such as location, equipment, raw materials, distribution, etc. But the people who work for you are the decisive factor in creating a long-term competitive advantage for your company. This is because your competitors can replicate the other factors but they cannot have the same human resources as yours.

In other words, there is not only a link between human resources and business productivity but also a link between human resources and competitiveness. You will be able to observe how people influence productivity and make your business more competitive, which ends up translating into better performance and higher profits.

So, if companies are productive, they improve their profitability. If they improve their profitability and productivity, they will achieve more orderly work processes. You should always keep in mind that achieving orderly processes will help you:

• It improves the work environment.
• It improves the focus of human resources on what is truly important.
• It improves your impact on the organization.
• It can translate into better wages.

All these improvements will give you the following benefits:

• Decrease in work stress.
• Constructive ideas and higher productivity.
• Greater personal and professional satisfaction.
• Positive attitude at work.
• Increased innovation.
• Easy to adaption to jobs.
• Facilitation of dialogue and ease of communication.
• Increased commitment to work and the company.
• Increased drive and confidence.

And the most important thing is that you will be able to achieve low staff turnover. In normal contexts, low rotation means high stability. This will make it possible for your employees to know that in this company they will be able to develop career plans that are fulfilled since the internal climate is favorable. Low staff turnover is often part of very good human resource management. Companies with low turnover tend to retain employees and those who are dissatisfied or underperforming leave.

Always keep in mind that your business is an organization where you and your employees work together to achieve business goals. If the company is well organized and all employees know their titles, their responsibilities, their job functions, and who directs them, then the organization is properly structured.

Effective human resource management must ensure that:

• The company hires the right people for the right job.
• People are motivated to be highly productive.
• Productivity is kept high by creating a healthy and safe work environment.
• Appropriate work culture is created.
• Employee-related issues are addressed quickly and efficiently.

<<< HR: Productivity in human resources processes >>>

In conclusion:

• No company can be successful without people who are motivated by their work.
• Productivity is a measure of the degree to which your resources, including your human resources, are put to good use.
• Human resources are important for the productivity and profitability of your company. You will benefit from treating your staff with respect and understanding.
• Competent employees with a positive attitude are a decisive factor in increasing the competitiveness of your business.