The Connected Workforce: Maximizing Productivity, Creativity and Profitability
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The Harvard Business Review survey highlights that while companies possess the necessary technology for remote work and collaboration, effectiveness is hindered by disparate systems and budget constraints. Key findings indicate that outdated technology affects employee retention and attraction, with a majority recognizing its impact on productivity and collaboration. The report suggests a strong correlation between technology investment and improved market position and revenue, emphasizing the need for better tech integration to maximize workforce connectivity.
The Connected Workforce: Maximizing Productivity, Creativity and Profitability
- 1. Sponsored by Pulse Survey THECONNECTED WORKFORCE Maximizing Productivity, Creativity, and Profitability Harvard Business Review survey results: The Connected Workforce Presented by Insight
- 2. #1: Companies have the right tech, but they may not be using it effectively.
- 3. 73% have remote-friendly technology. 61% have collaboration technology. But only 40% say these technologies help employees work at-speed.
- 5. Disparate systems across the organization: The most cited reason that’s keeping employees from using tech to connect and collaborate.
- 6. Other obstacles: • Overly stringent security measures • Slow technology: hardware, software and networking • Lack of skills to leverage appropriate tools
- 7. #2:Budget is the biggest barrier to innovation. More than a third of IT leaders say their computing systems and related technology are behind the curve
- 8. 55% cite budgetary constraints as their primary hurdle.
- 9. #3:A tech investment is a people investment. The more connected, the better the outlook when it comes to attracting and retaining workers.
- 10. 58% say the state of a company’s technology is factoring into decisions by job candidates about where they want to work. 51% of survey respondents say that outdated or inadequate office technology is impeding their ability to retain employees with high-value skills and experience. 72% strongly agree that having outdated technology is making it harder to retain employees with high-value skills and experience, versus only 33% of those with high connectivity.
- 11. #4:Technology helps drive market position and revenue. Highly-connected companies are more than twice as likely to report a favorable market position relative to their peers.
- 12. They also report revenue growth of more than 10% over the last two years.
- 13. #5:IT leaders see the link between technology & working smarter. There is a strong correlation between workplace technology, productivity and collaboration.
- 14. • 9 in 10 survey respondents say their end-user computing systems and technology have led to productivity improvements within the company. • More than half say their technology has helped facilitate this improvement to a great extent. • Those who perceive their technology investments to be worthwhile, also say workplace technology has enabled high levels of collaboration.
- 15. What’s next? Access the report in its entirety to learn: • Anecdotes & success stories from respondents • Where companies are planning to invest in the future • Recommendations for building a more connected workforce