6 Tips for CFOs to Increase Workforce Productivity

May 1, 2023

A thoughtful guide was released by Oracle NetSuite on the 6 actions a CFO can take to maintain and increase their worker productivity across the enterprise.

This guide was prompted by a Bureau of Labor Statistics report which confirmed that productivity in the United States for the first half of 2022 suffered the worst decline since the 1940s. Many CFOs reading this official report would fall off their chairs. The company’s human capital is by far the largest investment made across nearly all industries. Lowered productivity can be devastating to the enterprise’s ability to accomplish its stated objectives in any given period. 

The guide suggests that CFOs closely monitor their revenue per employee as an important monthly KPI on productivity. This KPI will provide signals if the decision to increase or decrease staff is directly impacting productivity levels. 

The 6 Tips to optimize your employee productivity are as follows:

  1. Confront productivity paranoia 
  2. Invest in your team community 
  3. Embrace workforce flexibility and focus on fairness 
  4. There's more than just productivity
  5. Listen to your people 
  6. Embrace leadership evolution with enthusiasm

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Access the full guide.