It is true that industry 4.0 has brought technological innovations and significant changes in the way companies produce and relate to their employees. In this context, one of the most significant changes was the increase in automation and digitalization of processes, which made many brands start to use the control of productivity metrics even more intensively.
After all, with this methodology, it is easier to monitor the performance of employees and ensure that goals and objectives are achieved. But is your company doing it the right way? In today’s article, we are going to discuss how controlling productivity metrics can contribute to the recognition of skills in industry 4.0 and what this has to do with employee engagement. Good reading!
After all, how does the control of productivity metrics fit into Industry 4.0?
We know that when we talk about industry 4.0, productivity metrics play a key role in the management of production processes. This is because, with the adoption of technologies such as IoT, artificial intelligence and automation, industries have access to a large amount of data and information about the production and performance of employees. Information that can even be used to monitor and optimize processes, identify opportunities for improvement and make more assertive decisions — so far, nothing necessarily new.
However, many leaders and managers still ignore the fact that productivity metrics can also be used to measure aspects related to employee performance, such as the number of pieces produced per hour, machine downtime, the rate of rework, among others. In addition, these values can be integrated with gamification and reward systems, encouraging employees to improve their performance and contribute to the achievement of company goals.
However, it is important to emphasize that productivity metrics must be used intelligently and strategically. It is necessary to consider the context and particularities of each company and ensure that the metrics are aligned with the organization’s strategic objectives. In addition, it is essential that people are involved in the process of defining and monitoring the metrics, so that they understand their importance and feel motivated to improve performance.
And what does this have to do with employee engagement?
We’ll get there soon. First, we have to understand that, since the emergence of Fordism, employee engagement has always been a crucial factor for the success of implementing any production methodology — and it is no different for companies that are already navigating the 4.0 industry. This is because engaged people are more productive, more creative and have greater commitment to the company. In this sense, it is only natural that productivity metrics contribute to the engagement of these employees in a long-term strategy.
Take a good look: first, monitoring productivity metrics allows employees to have a clear view of their performance and how each of them contributes to the company’s results. This can help them better understand their role in the organization and help them feel more valued. In addition, productivity metrics can be used as a basis for constructive feedback and for the development of action plans to improve the performance of these people in a constant growth curve.
But does not stop there. Another way to use productivity metrics control for employee engagement is through gamification. This strategy, which consists of applying game elements in the context of the work environment, allows the creation of a scoring system, rankings and rewards, for example, based precisely on productivity metrics. In this way, employees are encouraged to improve their performance and to “compete” in a healthy way with their colleagues.
And, in times of industry 4.0, what is the real impact of this model for the company?
There are those who believe that all these metrics and productivity methodologies only generate subjective results. But not quite. There are several studies and statistical data that prove the importance of recognizing and valuing the performance of employees in industry 4.0. Here, we gather some valuable information that demonstrates how this set of good practices can positively affect the results, check it out:
- According to a Gallup survey, companies that have well-structured recognition programs have a 14% higher employee engagement rate than those that do not.
- According to consultancy Aon Hewitt, companies that have an effective recognition system have a 23% lower employee turnover rate than those that do not.
- A study carried out by the University of Warwick, in the United Kingdom, concluded that employees who feel recognized in their work are 12% more productive than those who do not feel recognized.
- According to the consulting firm Deloitte, companies that have a strong culture of recognition are 2.5 times more profitable than those that do not.
You can already see that, to say the least, the control of productivity metrics can bring immediate effects to the pocket and to the company’s productivity, right? This is data that clearly demonstrates that when employees feel valued and recognized in their work, they tend to be more engaged and dedicated to their professional goals, which contributes to improving productivity and the quality of products and services. offered by the company.
In addition, the adoption of a recognition methodology can have positive impacts on the company’s organizational culture, since, by putting all this into practice, it demonstrates its commitment to the professional development of employees and contributes to the strengthening of values such as transparency , collaboration and respect.
Knowing the risks of neglecting KPIs and productivity metrics in industry 4.0
We know that industry 4.0 is characterized by the intensive use of advanced technologies, such as artificial intelligence, automation, the internet of things and additive manufacturing. And, even though they are great for ensuring more precision and more quality for the final product, it is undeniable that all these solutions generate enormous amounts of data on a daily basis, which makes monitoring productivity metrics and KPIs (Key Performance Indicators) essential. ) to ensure the good performance of processes and employees.
This is why neglecting the use of productivity metrics and KPIs can bring many risks to companies in Industry 4.0. One of the main risks is the lack of visibility into the performance of processes and employees. Without clear and objective metrics, it is difficult to identify which bottlenecks and problems are affecting the company’s productivity.
Another risk is the lack of motivation and engagement of employees. When there is no clear system of recognition and productivity metrics, even the best employees can feel demotivated and disengaged in their work. This can lead to a drop in the quality of products and services offered by the company, as well as an increase in staff turnover.
In addition, the lack of productivity metrics and KPIs can lead to decision making based on assumptions or inaccurate information, generating waste of resources and investments in initiatives that will not bring the expected results. In other words, more than generating a series of benefits for the operation and positively impacting the individual results of employees, implementing methodologies to control productivity metrics is essential to ensure the sustainability of the business!
Count on Novidá to go further!
With all the benefits we saw above, it is clear that the control of productivity metrics is fundamental for Industry 4.0. However, to carry out this control, it is important to have a qualified partner that offers practical solutions. This is where Novidá enters the story.
Specializing in strategic HR and HRTech solutions, Novidá has a team of highly qualified professionals and offers practical and effective solutions to ensure that companies can improve the performance of their teams by controlling results, optimizing the allocation of teams and the strategic management of your teams — all the tools you need to ensure incredible performance!
If you want to ensure that your company goes further in industry 4.0, be sure to check out the Novidá website and learn more about the solutions they offer. With our support, your company will be able to control productivity metrics efficiently and ensure employee engagement and go further and further with a solid foundation centered on real, verifiable and organized data in one place! Come with us.