Hybrid Work Productivity: 4 Key Metrics You Should Track

Hybrid Work Productivity: During the last several years, there has been a dramatic shift in the way we work. The concept of “work from home” is being explored by a growing number of businesses.

Although some businesses are beginning to experiment with remote workers, others are sticking to the tried and true method of requiring employees to physically be in the office.

The hybrid work model provides the optimal mix between working at home and from the office.

It’s also something that many companies want to promote, with studies indicating that 74% of U.S. business owners intend to implement a permanent hybrid work model.

And if you are considering implementing this model, you will need to make sure that your employees are equally productive when working from home as when working in the office.

For that reason, you need to track and measure their productivity.

Monitoring and measuring hybrid productivity can assist you in evaluating employee performance.

The information gathered will help you decide whether or not a flexible work schedule is producing the desired level of productivity.

Read on to learn what metrics you should be tracking to get the most out of your employees.

Time Management Productivity

Time management productivity involves evaluating what individual employees accomplish with their time.

To assess time management productivity, you should consider investing in a remote tracking software solution.

These real-time monitoring tools enable you to track when your employees are clocking in and out, when they take breaks, and how much time they actually spend working.

Additionally, they can provide you with irrefutable proof of work, ensuring your employees are doing the job you hired them to do.

This approach can also help you identify bottlenecks and eliminate them promptly, which will help you manage projects and tasks better.

Objectives-Oriented Management

Objectives-oriented management is a technique for gauging your business’s progress toward its goals and objectives.

To achieve that, you must first set up departmental and organizational SMART goals.

Let’s take your sales team, for instance. A departmental SMART goal would be to make 10 sales every quarter.

If you have five people working in sales, each of them would need to make two sales every quarter.

With these goals in mind, you can evaluate the efficiency of sales reps individually as well as your sales staff as a whole.

This method of keeping score makes perfect sense. After all, you want everyone on your team to meet the bare minimum in production standards.

If someone isn’t succeeding, you can examine why and provide assistance where it’s required.

Productivity by Profit

Measuring the revenue generated by various tasks for the company is known as the productivity by profit measure.

For businesses trying to increase revenue and expand, productivity as a measure of profit is a helpful indicator.

Knowing which activities generate the most revenue will allow you to direct employees’ efforts where they will have the most financial effect.

And that additional profit could be used for expanding your operations.

Let’s say, for the sake of argument, that your marketing department generates little to no leads from blog articles but consistently gets nine leads from Pay Per Click advertising on a daily basis.

In such circumstances, it seems logical to urge your marketing employees to devote more time and resources to monitoring sponsored ads and less time to publishing new blog articles.

While this is a helpful metric, keep in mind that generally it only works for sales or advertising activities.

Planned to Done Ratio

The percentage of planned work that was actually done by a certain employee can be calculated using the “planned-to-done” ratio.

This ratio is calculated by dividing the number of expected tasks by the number of tasks finished. You then convert that number to a percentage.

You could learn two things from this ratio. To begin, this metric can be used to evaluate the performance of employees.

If one individual has a planned-to-done ratio of 50% while the rest of the team has a ratio of over 90%, there is a problem.

It’s also helpful to be able to monitor progress over time. Time-series data reveals who is consistently putting in the most effort and who is falling behind.

And, as a company leader, it is essential to have access to this information.

Final Thoughts

Throughout the last two decades, there has been a rise in the popularity of hybrid and remote work.

With more and more employees opting to work remotely, HR departments must rethink how they keep tabs on employee output.

Each of the aforementioned metrics offers valuable insights regarding worker output. The next step is to choose which of these productivity indicators is the most appropriate for your company.

Related CTN News:

Learning Management Systems (LMS): Features, Benefits, And Choosing The Right One For Your Business

Marketing Plan Examples: Tips and Strategies For Building An Effective Marketing Plan

China Targets A 5% Economic Growth Rate For This Year