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Improve workplace productivity

Improve workplace productivity through some simple changes

It is not enough for my organization merely to work and get paychecks at the end the month. My workplace lacked the zeal for increased efficiency and productivity. The lower productivity and ability cannot always be blamed for the employee activity. As an employer, I started to diligently balance efficiency of the employees with productivity just following few guidelines. Often I overlooked these things and concentrated on other areas to increase productivity but ended up without any solutions. By taking few innovative steps I increased my workplace productivity considerably. You can’t believe how it helped.

Some suggestions that can do miracles

To increase my workplace productivity just following few things I reaped benefits. It should always be keeping in mind, that a happy, energetic employee is more productive and is an asset to me. I learnt increasing productivity is not a challenge but a process.

As an employer, I made my employee accountable for the decisions and actions that are taken on the spot so that none of us in the management can be blamed for any unfavorable results. This made the employee work more meticulously, taking decisions carefully after judging the pros and cons and not by virtue of the post or relationship with me or the shop floor manager. So accountability is vital.

Often as an employer, we set targets and feel that our job is done. But in a real sense every target that has been set has to be followed up in a regular basis to gauge the progress, and if any measures or rectifications are needed, it can be done at the grassroots level before it is too late.

Managing my workforce efficiently for increasing productivity was a big challenge. The workforce was not only given proper directions to work, but I blindfolded trusted them. Gave them freedom in operation and style of work in which they are more comfortable to deliver the best results without any objections.

I tried encouraging my employees with rewards and recognition and was surprised to see that it increased productivity. Encouragement motivates the employee to work sincerely and do better. They got a sense of belongingness with my organization. Like me, it has been found by many that paid holidays or company sponsored participation to conferences motivate employees immensely.

I often reached out to my employees asked them about their well being casually and found that it helped in increasing production. Every staff or employee loves to be recognized by the management and feels happy when the management talks or hears them. If as an employer one can reach out to their employees by seeking them out, the target is almost done. The employee feels the warm touch of the employers and works with more efficiency resulting in more output.

I stopped making unrealistic targets demand. As an employer, I always set a realistic target that can be achieved. Putting stresses on your employees fixing aggressive targets and outstretch your employees, you may get more productivity in the short run, but in the long run you will burn out employee energy and enthusiasm to work. So always set an achievable, realistic target.

It may be kept in mind that teamwork generates more ideas and more productivity. An employee might feel isolated working alone. So to avoid this in my organization I started building a successful team and make them work together. This brought competitiveness amongst the employees and productivity increased.

The employee who is happy is the best performing employee. Ensuring my employees enjoy their work. Improving small workplace conditions or culture on the shop floor reaped more production. It didn’t not cost much compared to the increased productivity thus increasing my profit.

As an employer, I started to assign tasks according to the competence of the individual employee. Even an employee who is expert in particular job feels bored to do the same work every day. So, breaking the monotony and rotating the jobs to be done at regular intervals did wonders. Rotating jobs was made easy by Index Time Clock. Rotation also added to other learning processes of other jobs by the employees. They got a holistic view.

Very often I arrange for courses to enhance the employee skill. They feel delighted to take courses that enhance their skill and get additional learning opportunities. I got a sense that they felt indebted on the spending of the company money for the course and worked hard spiritedly and performed better.

Ensuring proper modern types of equipment and tools for production is also a key factor in increasing productivity. I arranged for the same.

Thus following few guidelines I took to improve my workplace productivity. You can definitely try and I am sure I shall click. Feel the pulse and act to achieve.

5 things you must know about Gold

One

Yellow Gold 22 K is 92% Gold, 4.2% Silver and 4.2% Copper.
Yellow Gold 18 K is 75% Gold, 10-20% Silver and 5-15% Copper.
Yellow Gold 24 K is 58% Gold, 4-28% Silver and 14-28% Copper.
Blue Gold 18 K is 75% Gold and 25% Iron.
Green Gold 18 K is 75% Gold, 11-15% Silver and 13-0% Cadmium.
Red gold 18 K is 75% Gold and 25% Copper.
White Gold 18 K is 75% Gold, 18.5% Silver, 1% Copper and 5.5% Zinc.
White Gold type 1 is 90% Gold and 10% Palladium.
Red gold type 2 is 75-85% Gold, 8-10% Nickel and 2-9% Zinc.

Two

Gold is easily accepted anywhere at any time as people have more faith in gold than they do in currencies, or why else do governments still keep huge amounts of gold in their vaults?

The fact that gold was easily accepted and the fact that it was scarce made it a perfect tool for commerce and it was due to all these factors that eventually made gold function as money.

In 1821 Great Britain adopted gold as its official currency and 93 years later in 1914, gold became the measuring scale for almost all the currencies in the world.

From the US dollar to the currency variety of Europe, all had a set standard value in GOLD known as the ‘Gold Standard’ up to 1933. In international trade governments buy gold and sell gold bullions to offset deficits.

Three

Sixty percent of the world’s mined gold today is used for the jewelery trade. The gold jewellery’s trade is also one of the fastest growing online businesses! If you are planning to dispose or sell gold Melbourne is the City to go. There are many good gold dealers online that you may inquire about the precious valuables that you possess without having to leave your home!

Four

Gold is the only metal that does not oxide (rust) at normal temperatures, thus it remains in its shiny form for ages without losing its glow; this was probably the reason why gold was valued from the beginning. The fact that it also falls under the category of scarce metal made it even more valuable.

Throughout history gold has been an object of desire. Battles were fought; cities have fallen and raised because of gold, even Columbus discovered America while he was looking for gold!

Five

On the periodic chart gold is listed as Au from the Latin word for gold Aurums. Being soft and heavy in nature it is the most easily worked metal, it is also one of the least chemically reactive substance known to man! This characteristic allows gold to be easily extracted from the substances that it is trapped in.

Gold is also a very good conductor of electricity and heat. The human body’s temperature is 36 – 37 degrees and gold adopts this temperature very quickly and becomes part of you.

4 Tips for Saving Money for People of All Ages

The future is never guaranteed and neither is finances. You never know when things can go wrong or when you may need to make a large payment for an accident, because you lost your job, etc. It is important for people of all ages to save enough to support them in the future. Have a look at the tips shared in this article and start planning for your future.

Save money every month. No matter what your salary is, you should save money every month. The best way to ensure that this happens, you can set up a recurring withdrawal into a savings account. This way, you don’t run the risk of forgetting and you know that there is money being put aside.

Curb your spending. For some people, this is more difficult than others. Everyone can find at least one area of their expenses where they can cut down. Find that area and use the savings to pay off a debt or pay it into a savings account.

Make money on the side. There are different ways to do this. You can get a part-time job for a few months or maybe a year or two to help you save up the money you need. You can also sell things you no longer need or can live without. You can also do small things like baking cookies and selling them or something similar that you can do from home.

Have an emergency fund. Emergencies are things like unexpected job loss, a major illness, or a car accident. It is ideal for you to have a separate savings account for these types of events. A rule to follow to make sure you have enough is to save up at least 3 months’ worth of expenses.

Lastly, it is a good idea to give investing a try. Investing money and allowing it to grow, can be very profitable. Make sure you know what to do and don’t just randomly start buying stocks. With these tips, you should be on your way to better finances.

3 Different Futures Markets to Help Beginners

The futures market can be very profitable if you know how it works and how to work the market. People who don’t know or understand the market can get confused very easily. We want to help out our beginners by discussing and explaining the different markets and how you can get started in the futures market.

Commodities – Examples of commodities include grains, precious metals, maize, oil, energy, etc. In other words, a commodity is a physical product that changes in value based on supply and demand. Investors speculate and hedge in a centralized market based on their predictions of whether the price will rise or fall.
Common strategies that investors use to improve their chances of making profits are straddles and buying a call option. These strategies are used to reduce the chance of losing big.

Currencies – Everyone is familiar with currencies – dollars, pounds, etc. Trading currencies is similar to commodities in that the investor is once again speculating whether the price will go up or down in future. The investor then takes action according to his speculation.

A common strategy used by investors who trade currencies is called scalping. This is an intensive strategy and requires a lot of focus and discipline. If it pays off, the small profits you make in the short-term will add up in the long-term.

Indexes and interest rates – This is one of the more popular markets for investors. They tend to use timings strategies to make their profits. Investors like trading index futures contracts like the S&P 500 index futures contract.

The most commonly used timing-based strategies used by investors are cycle trading and seasonal trading.

The most important thing to do before you start investing and trading is to do your research and practice. Learn as much as you can about the markets you are interested in as well as the stocks, commodities, indexes, etc. that you are interested in buying. As with anything else, being a successful trader requires practice. So, have a few practice runs on apps or paper before you put up your money.

Futures: What They Are and How They Work

Futures is part of the investment world that few people outside of the field know about or understand. Today, we go back to basics and we explain what futures are and what is different about them. Futures are for the more seasoned investors that understand the game and is ready to take a risk and not allow it to break them.

What are futures?

Futures can be called financial contracts. These financial contracts are set up so the person who wants to buy or sell a certain commodity or another financial instrument, must do so at a set date and price. This means that a buyer must buy an asset at a predetermined date and price or a seller must sell at a predetermined date and price.

Futures Speculation

Futures are used to lower the risk of an investment by managing the potential up or down movement of the prices of assets. To make money with futures, investors will buy assets that speculate will have an upwards movement on a future date. They will set a date and price depending on their speculation. If the speculation is incorrect and the price goes lower, the investor will lose money.

Futures Hedging

Hedging is a technique or strategy used to try and lessen the impact of prices that change during the investment period. Usually, the hedging is done by someone who is involved in the production or usage of the underlying asset of the future. This strategy helps to lock the market price in at the spot where investors would like it to stay.

The biggest difference between the futures market and the stock market is that you cannot decide when to buy or sell. In the futures market, you are contractually bound to wait out the period set and you must buy or sell at the stipulated price. In the stock market, you are free to buy and sell when you want and at the price you want.