We’re no longer machine operators. We’re skilled knowledge workers who manage their own time and energy. Based on the above, there are two types of productivity:
Workforce productivity: The total amount of goods and services workers produce in a certain period.
Personal productivity: The relevant output of an individual in a certain period.
You do not control the former but you have full control over the latter. Hence, if a person, manager, CEO, leader, wants to improve collective productivity; one must improve personal productivity.
One note on the definition of personal productivity. By relevant output, we mean working on the right things. You can be highly productive and have a lot of output, but the results you achieve might be useless. When you focus on relevant output, you get the right things done. Things that improve your career, business, organization. In order to attain a satisfactory result relentless effort is needed.
Benefits Of Improved Productivity
Productivity is the #1 measure that defines growth in the economy and one’s living standards (higher income, better benefits, more free time).
When you work on the right things, you will get more and better results. That’s how we realize growth. Here are three additional benefits of improved productivity:
Innovation —Modern-day life and work have always been about change. However, the pace of change has substantially increased in the 21st century. Also, technology has increased our productivity. But the reverse is also true; our increased productivity leads to more innovation and new technology. The more productive we become, the more we can innovate.
Self-confidence —In 1952, Bernice Milburn Moore published an article called Self-Confidence For Competence in the journal of Educational Leadership. In the article, she shares how self-confidence is boosted by your competencies. In other words: The better you get at something, the more self-confident you will be. The more productive you are, the more competencies you can develop. Hence, the more confident you will become.
Higher engagement —The more involved and passionate someone is about their work, the higher their levels of work engagement is. All that is needed is effort and hard work to attain the maximum level aspired
The research into productivity is robust. But it doesn’t require scientific research to experience the power of productivity.