Companies like Apple, Netflix, and Google are 40 % more productive than the average company according to research from the consulting firm Bain & Company. High productivity means 30 % - 50 % higher profit margins than industry averages. Some, if not all, of their ideas, can be applied to the hotel industry. Three components of human capital impact productivity more than anything else: Time, talent, and energy.
Most companies spread their talents across all roles in the company. The most successful companies identify business-critical roles and fill these roles with A-level quality employees. These talents will manage the most important parts of the business for success. If every team member is a star player, productivity is extremely high.
The average company loses more than 25 % of its productive power to processes that waste time and prevent people from getting things done. This not only decreases employees’ output, but it also raises costs and demoralizes people, reducing the energy and enthusiasm they bring to their work.
An engaged employee is over 40 % more productive than a satisfied employee. An inspired employee is 125 % more productive than a satisfied employee. Companies that inspire more employees perform better. Companies that invest in developing inspirational leadership create a meaningful impact on productivity.
How could these insights be used to increase productivity in commercial work in hotels?
The commercial team fills their days with unproductive phone calls, emails, meetings, and many other things that add little value. Hotels can realize significant time savings by investing their time as carefully as they invest their money. Here are a few ideas:
People make a difference in hospitality. The most successful hotels attract, retain, and deploy their people in ways that maximize output. Leaders can boost the impact of their talents by:
Research shows that the biggest breakthroughs in organizational energy happen when employees feel not just engaged but inspired by their roles and organizations. Here are some ideas how to inspire employees and build a winning culture:
Data from many different sources is automatically collected and transferred to Demand Calendar. All information is accessible in one system which saves valuable time for all roles in the commercial team.
Demand Calendar always visualize or list the most important things first so each role can focus on their priorities. Demand Calendar will automatically send alerts when something needs attention to help people stay on track.
Many emails can be eliminated since Demand Calendar has a built in messaging/task function for efficient communication within the right context. Using the same data will not only save time, but also free creativity to find better solutions for increasing revenue.
Demand Calendar has deep functionality for each role in the commercial team. Each team member has the best tool to get their job done faster and more accurately. Top management can provide active support since they can easily follow the progress for the commercial team in Demand Calendar where information is transparent and always available. Each user can keep track of their own targets as well as the overall goals for the hotel.
Manage people and increasing engagement for the hotel’s vision and long-term goals are jobs for leaders and cannot (yet) be replaced by systems or robots. Demand Calendar cannot replace a great leader, but a well funtioning system can decrease the risk for de-motivation when too much of the job has to be done manually and when systems are not working as expected. Leaders that provide the right tools for their employees will have one less problem to handle and have a better possibility of managing motivation.