The podcast discusses the challenges of measuring productivity in knowledge work. It explores different approaches to measuring productivity in different contexts. The hosts also talk about the decline of Wirecutter and the impact of AI in HR. The chapter on Walkme introduces their solution to protect IT departments from shadow AI and explains how they help companies overcome software paralysis.
Productivity should be measured based on value, skills, and capabilities rather than just quantitative metrics.
A holistic approach to measuring productivity includes considering factors like employee engagement, well-being, and job satisfaction.
Deep dives
Defining Productivity
Productivity is a nuanced concept that varies across organizations, teams, and individuals. While the traditional view focuses on metrics like output and meeting goals, it fails to consider other valuable skills and capabilities that contribute to a company's success. A more holistic approach to productivity involves tailoring the measures to fit the unique needs of each role and department. This requires clear communication, thoughtful data collection, and a focus on measuring value rather than just quantitative metrics.
Challenges of Measuring Productivity
Measuring productivity can become complex when considering the bigger picture and the impact of both hard and soft skills. Traditional measures like sales numbers or call quantity may overlook the importance of ideation, relationship-building, and creating a positive organizational culture. A more comprehensive approach looks at value delivery, employee engagement, and utilization of tools and technologies to evaluate productivity. This holistic view requires a strong performance management process that includes open communication, goal alignment, and a focus on behaviors and actions.
Balancing Revenue and Productivity
While revenue is an important outcome of productivity, it should not be the sole focus. Organizations need to strike a balance between financial results and other essential factors like employee engagement, inclusion, well-being, and job satisfaction. By creating transparent frameworks that align with the company's values and goals, different job roles can be measured on relevant factors that contribute to the organization's overall success. The key is to foster healthy competition and collaboration within teams while promoting a culture that values and rewards the unique contributions of individuals.
Productivity is traditionally calculated with a simple division: total output / total input. Great for measuring widget production, not so much for gauging how productive a knowledge worker has been.
So how do we measure productivity when there isn’t a widget in sight?
In this week’s episode of The Mind Tools L&D Podcast, Gemma and Ross Garner are joined by Chelsea Pyrzenski, Global Chief People Officer at WalkMe, to discuss:
What we mean by productivity
How we measure productivity in different contexts
The challenges in convincing others to measure differently.
In ‘What I Learned This Week’, Ross discussed reasons why the Wirecutter is losing readership. He was referring to The Atlantic’s article ‘What happened to Wirecutter?’
Gemma’s learning about one of the chemical compounds responsible for petrichor came from Losing Eden by Lucy Jones. She discovered even more about geosmin in The Scientist’s article, ‘The unusual functions of geosmin’.
To find out about WalkMe’s platform and other solutions, visit walkme.com.
For more from Mind Tools, including access to our back catalogue of podcasts, visit mindtoolsbusiness.com. There, you'll also find details of our award-winning performance support toolkit, our off-the-shelf e-learning, and our custom work.