In the current financial climate, driving existing employees to be more productive is a cost effective solution
Sydney, NSW (PRWEB) January 11, 2013
Companies in and around Brisbane are boosting productivity by asking staff to do more with the same resources, according to a survey by specialist finance and accounting recruitment company Robert Half.
In Brisbane, 48% of CFOs and Finance Directors said their companies have become more productive by boosting output from teams without providing additional resources, ahead of technology improvements (35%), and process and infrastructure improvements (33%). These findings also align with recent research figures from the Australian Bureau of Statistics that show flat-lining employment figures with unemployment remaining fairly steady at 5.2%.
The study also highlights that whilst nearly 1 in 3 (29%) Queensland finance leaders is augmenting permanent staff with temporary employees to improve productivity, they are using this strategy less than Western Australia (37%) and New South Wales (40%).
Andrew Brushfield, a Director at Robert Half, said that the economic climate has forced Brisbane companies to focus on productivity improvements and leverage temporary workers to remain competitive.
“In the current financial climate, driving existing employees to be more productive is a cost effective solution. However, companies should be mindful that expecting employees to do more with the same resources may not be a viable long-term solution. If companies are overly reliant on this strategy, they run the risk of employee burn-out.
“Long work hours and seemingly relentless deadlines can lead to low morale and reduced productivity ― not to mention decreased job satisfaction. If hiring additional staff or increasing pay are not options, there are other ways to keep staff motivated, such as flexible working arrangements and reminding staff to take holidays.
“Hiring contract and temporary staff can also help boost productivity – bolstering resources to match workload demands without permanently increasing headcount. Using temporary professionals is not only cost effective, but also allows employers to introduce new or specialised skills into the organisation.”