Why You Should Remove “Doing More with Less” from Your Vocabulary
Posted on February 14, 2014
Think about how many times you’ve heard the phrase “do more with less” in the last few years. Between an economic downturn and an increasingly competitive global business environment, many companies have been in cutting-back mode for the past several years.
In fact, it seems most companies are trying to do more with less: 76% of executives say they are looking to reduce expenses over the next two years, according to a recent Deloitte survey. Unfortunately, cutting costs doesn’t guarantee you will do more with less—you might end up just doing less with less.
The conflict between efficiency and effectiveness is a constant challenge for organizations. How can you streamline your business without sacrificing key initiatives?
According to a study conducted by consultants at Booz Allen Hamilton, organizations should reconsider the idea of doing more with less, replacing it with a different concept: doing well with less. This encapsulates the idea of being both efficient and effective. But it provides an important distinction—whereas “doing more with less” implies you are pushing your teams to do more work with fewer resources, “doing well with less” implies your teams are doing good work with fewer resources. More is not necessarily better: it’s the quality of the work that matters.
But many organizations struggle with the actual process of becoming more efficient. The fact is, there is no one change that transform the productivity of your teams. Instead, it takes a range of approaches and techniques to weed out inefficiencies. Productivity expert Laura Stack explains that this is because inefficiencies can take many forms, such as “unproductive employees, bureaucratic red tape, or poorly designed processes.”
Your improvements should start with focusing on areas that need the most work and implementing smart, simple ways to streamline processes and improve workforce productivity. *Learn how to optimize your organization by fighting five common time-wasters in Paycor’s whitepaper Doing Well with Less: How to Address 5 Workplace Inefficiencies.
Ready to begin simplifying your complex business processes? Ask us how Paycor can help.
Sources: Deloitte’s 2013 Senior Executive Survey, Booz Allen Hamilton, Laura Stack