Most managers don’t like the idea of measuring employee productivity (well the nice one’s anyway). It makes them feel as if they are micromanaging and spying on their staff. The truth is, if you want to sustain your business, these are some of the things you are going to have to focus on. Unfortunately, there are some employees who are determined to do as little work as possible and still receive full pay at the end of the month; these are the kind of people that you want to weed out. If you are paying more in wages than you are in profit, you might need to do some restructuring. One of the features of the Tekmetric auto shop software is that it measures employee productivity against job profitability.
Why Measure Employee Productivity and Profitability
Today’s market is changing rapidly, one of the greatest assets of any successful company is the strength of a talented workforce. The majority of auto repair stores only measure profit margins as a key performance indicator. However, there is a growing trend in companies measuring employee productivity against profitability. In other words, the more profit your employees can generate through their hard work, the more successful your business will be. Here are a few reasons why your company should use the Tekmetric auto shop software to measure employee productivity and profitability:
- Accountability: If your staff know they are being monitored, it will motivate them to work harder. It will also make managers aware of underperforming employees.
- Hiring: Your aim should be to hire the most profitable employees; the auto shop software will highlight the characteristics of the highest performing staff.
What Should You be Measuring?
The most important metrics that a company should measure are utilization and realization. Utilization measures how many hours charged to a client’s project in comparison to the total number of hours in a working week which is typically 40 hours.
Realization refers to the revenue generated in comparison to the utilization statistics achieved by an employee. The Tekmetric auto repair software provides valuable insight into how hours spent on a project are translated into revenue. In an ideal world, utilization and realization would be the same; however, this is typically not the case. Realization can also help during promotion reviews and evaluating the overall health of the company.
Measuring employee productivity against job profitability may have been something you have been considering for a while, or this article has just bought it to your attention. Whatever the case may be, you can have access to the Tekmetric auto shop software FREE OF CHARGE until the end of 2018. There is no catch here, they are not trying to sell you anything by convincing you that their software is better than the next, what Tekmetric wants you to do is try it for yourself and then you can make that decision. There is no time like the present, don’t waste one more day without this entirely FREE auto shop software.