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Majority of employees say software influences productivity

By May 4, 2016June 11th, 2024No Comments

When it comes to gauging their employees’ work ethic, some employers might be overestimating their productivity, according to Entrepreneur magazine.

According to an infographic by Name Badges International, 17 of the 45 employee hours worked per week on average are deemed unproductive.

In giving feedback on common problems associated with enhancing productivity, 32 percent of workers said they faced uncertain objectives, poor communication with team members or meetings that were not effective. Other issues included unclear priorities (31 percent) and procrastination (29 percent). However, to help solve these issues with maintaining work progress, many employees said they benefited from technological solutions.

According to the graphic, 55 percent of employees connect their productivity directly to the software they use. This software may include incentive compensation software, which is used to measure employee performance for managers to review if they want to reward or promote their workers.

Using incentives to boost employee productivity as workers said their work ethic was influenced by whether their employers appreciated what they did for the company. In the infographic, 69 percent said they would become more productive if their efforts were recognized.

Working to improve sales flow
In addressing problems associated with having unclear objectives, businesses could consider using software automation to pinpoint goals and improve sales, according to Business2Community.

When it comes to sales workflow, it is crucial for staff to know their audience and how to target their marketing messages to a particular demographic. When different departments have the same goals, it is easier to achieve the company’s business vision. By using software used to measure employee performance for all business departments, including sales and marketing, the company can enhance its productivity across the board. 

With technological solutions solving productivity problems, companies can have an easier time with performance and compensation management to grow their business.

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Ballast Point Ventures

Ballast Point Ventures is a later-stage venture capital fund established to provide expansion capital for rapidly growing, privately owned companies in diverse industries, with a particular emphasis on companies located in Florida, the Southeast, and Texas. The BPV partners have more than 70 years of combined experience investing in and building high-growth companies in a number of industries, including healthcare, business services, communications, technology, financial services, and consumer goods. BPV has $200 million under management and seeks to make equity investments ranging from $3 million to $10 million.

Harbert Management Corporation

Harbert Management Corporation seeks to generate superior returns for their investors by identifying and investing in the most promising early growth stage companies in the Southeastern U.S. HMC seeks to capitalize on what it believes are compelling regional dynamics, such as a strong and fast-growing economy, significant research and development activities, and an established entrepreneurial community. The HMC team combines substantial investment, advisory, and operating experience with capital and networking contacts to support great entrepreneurial teams in successfully executing their growth plans. With offices in Birmingham, Alabama; Richmond, Virginia; and Gainesville, Florida, it’s well positioned to partner with entrepreneurs throughout the Southeast.

KBH Ventures

KBH Ventures was an early investor in Iconixx Software. KBH's investment philosophy plays a significant role in the firm's successful track record. KBH believes in running businesses to be cashflow positive and profitable every month. Startups and companies in a startup mode, such as one that has been purchased in distress, are expected to generate revenue within the first six months and reach profitability within the first 12 to 18 months. KBH also only invests in or acquires companies that are in the startup phase or have less than $20 million in revenues. KBH targets technology companies that offer business-to-business services.

S3 Ventures

S3 Ventures is an early expansion and growth stage venture firm with $200 million under management. It’s focused on information technology solutions that solve large business problems. S3 also invests in medical devices that improve the human condition. S3 invests in category-defining opportunities. It partners with the team and help focus methodically on what it takes to build a successful company. S3 today helps talented entrepreneurs take their technology and market knowledge and form valuable businesses in a repeatable fashion. Investment sizes start at several million or more for Series A, B, and C financing.