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5 Ways a ROWE Can Supercharge Office Productivity

5 Ways a ROWE Can Supercharge Office Productivity

    A results-only work environment, often shortened to ROWE, may be the secret to supercharging productivity in your office. This management strategy was originally developed by Cali Ressler and Jody Thompson for Best Buy; the two have since formed the CultureRx consulting group to help U.S. businesses transition to a ROWE.

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    As its name suggests, a ROWE focuses solely on results or output, not time spent at the office. This strategy is a bit different than telecommuting, flex time or working from home in that ROWE employees essentially have free rein to do as they please — so long as they complete their duties capably and in a timely fashion. That means traditional ideas of core hours, vacation time and sick days are all thrown out the window.

    Here are five ways instituting a ROWE can boost your team’s productivity.

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    1. Employees schedule vacations more thoughtfully

    Because a ROWE doesn’t require employees to get vacation blocks approved, they’re incentivized to take time off as their workload allows. “When you consider when you can best take vacation as opposed to when you must, you end up able to take time without affecting performance,” said Consumer Marketing vice president Michael Mahoney in an interview with Fast Company.

    2. Naturally eliminate unnecessary meetings

    In 2005, the Bureau of Labor Statistics estimated that U.S. businesses waste $37 billion annually on unnecessary meetings. Nothing eradicates such meetings faster than in a ROWE, where employees simply won’t show up if a meeting doesn’t help them complete their objectives. Michael Reynolds, president and CEO of SpinWeb, said that making meetings optional forced his team to essentially justify the purpose of and goals for each meeting with a clear agenda, instantly making them more effective.

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    3. Increased employee engagement and retention

    CultureRx reports that its ROWE teams have up to a 90 percent decrease in voluntary turnover rates. Businesses with high turnover rates must constantly expend resources on hiring and training new employees, which hampers efficiency. Engaged employees are not only less likely to leave their jobs, they’re also far more likely to produce good work efficiently and consistently than disengaged workers.

    4. Reduced employee stress

    Nothing sinks productivity faster than excessive stress. A study published in the December 2011 Journal of Health and Social Behavior found that employees who worked in a ROWE got over an hour extra of sleep each work night and reported less stress, fewer conflicts between work and family, and decreased psychological distress and other emotional signs of burnout. When employees are happy and healthy, they can focus on doing their best work.

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    5. Forces clear communication

    Managers and employees alike must clearly communicate priorities, expectations and objectives to sustain day-to-day business in a results-focused office with optional meetings. Managers must also trust employees to spend their time wisely and outline clear consequences for missed goals or project milestones. These communication measures naturally promote efficiency by eliminating wasted work due to misunderstanding.

    A ROWE may not make sense for every industry or business. For many traditional offices, however, this breakthrough model can unlock unparalleled levels of team productivity, employee engagement and organizational efficiency.

    (Photo credit: Business meeting in an office via Shutterstock)

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    5 Workplace Strategies to Supercharge Team Productivity 5 Productivity Lessons From the Millennial Work Style 5 Management Practices That Kill Employee Productivity 5 Ways a ROWE Can Supercharge Office Productivity 10 Weekly Ten Minute Practices to Boost Work Productivity

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    Last Updated on June 22, 2018

    How to Nix Your Credit Card Debt in Less Than 3 Years

    How to Nix Your Credit Card Debt in Less Than 3 Years

    Debt is never a fun thing to be in. But, there are many actions that you can take that will help you rid yourself of the burden of debt once and for all.

    By coming up with a set plan, eliminating your debt can feel much easier than constantly thinking about it.

    This post will provide some tips on how you can do this to help you nix your credit card debt in less than 3 years.

    Hint: there are ways that are easier than you think.

    1. Consider consolidating multiple credit cards if possible

    This may not be applicable to you, but if you have multiple cards – it is something to consider. Keeping up with multiple bills is time consuming.

    It will depend on the balance you have on each. Consolidate ones you can but do not do it to the point that you get too close to the maximum limit. Also, it is ideal to pick the card with the lower interest rate.

    Consider if there are any fees or alternatively, rewards, with transferring a balance to another card. Watch out for fees. Note that some cards offer rewards for transferring a balance to them. This is extra cash that can help go towards paying off your debt.

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    Having one or two cards can make nixing your debt much simpler than keeping up with the balance of a bunch of cards. Keeping track of paying the minimum towards a bunch of cards is time consuming. Spend the time to consolidate instead to make the overall process simpler going forward.

    My tip: Have one main credit card. Have a second one that you use for necessities – such as groceries or gas – that offers rewards for those purchases (a lot of cards do) and set the second one on auto-pay. You should be able to pay off a smaller amount on auto-pay if it is a necessity. If you think you cannot, then you may need to cut down a lot on expenses.

    Why do I suggest doing this? Having one thing set to auto-pay is one less thing to think about. One less thing to waste time on. Same idea with consolidating to one main card. Tracking down too many is a hassle.

    2. Try to pay the full balance you spent each month at the very least

    You need to pay off the amount you are spending each month when that bill comes in. This is the amount you spent THAT month.

    Do not let the debt keep accruing while you work on paying any unpaid debt that has accrued. It will become a never-ending battle. Try as best as you can to be current on paying for each month’s expenses when that month’s bill comes out.

    If this is a strain, consider why. You may need to cut expenses. Or you may need to consider other cards. Or look at where this money is going.

    3. Pay extra when you can – every small amount counts

    This cannot be emphasized enough. If you are looking at a lot of credit card debt, it can look daunting, but each extra amount that you can put towards the debt will really add up – no matter how small it is.

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    It does not just reduce the principal amount that you have left to pay off, but it reduces the amount that is collecting interest. You will always save money with that reduced interest.

    4. Create a plan on how to pay extra

    Back to the main point, having this plan is giving you one less thing to think about.

    This plan should be a plan that works for you. If it does not work for you, your spending habits, and your views on debt, then it will not be an effective plan.

    For instance, if a set plan of an extra $50 (or another amount that you know you can afford) works for you, then do that. Set that aside every month and pay that extra amount. Treat it like a bill. Choose an amount that works for you and pay it like clockwork as though it was a bill you had to pay each month.

    Little amounts will not nix it entirely, but they will help tackle it and having a set plan can make it less of a chore. Creating a new plan of how much to put towards it each month is an unnecessary added stress.

    5. Cut out costs for services you do not use

    If you are signed up for subscriptions that you do not use because of some free trial or for some other reason, cut it out. Your overall financial position will look better.

    In turn, that will make cutting your credit card debt easier. Look at your statements to find these expenses. If you do not use them, you may forget you are paying some unnecessary amount each month. Cutting it out can really add up in savings that you can put towards other needed expenses.

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    6. Get aggressive about it

    Consider these points:

    Depending on the interest and the level of debt, you may need to give up a few indulgences. For example, instead of ordering delivery or going out to eat, cook at home. Everything adds up.

    Other things may be more of a sacrifice. It may be a trip you wanted to go on, or a daily latte habit you’ve picked up. In these instances, consider how important it is to you and if it’s worth the sacrifice. And if it is a costly expense, think whether you can wait to indulge.

    Cutting an extravagant expense can really help make a dent in your overall debt. Try not to add to debt when you are trying to pay it off. It will be a never-ending battle. Make it less of a battle with these tips and it will feel easier.

    Bottom line: Do what you can to make this process easier for you. Implement steps that do this. It takes time now, but will help overall. Also, keep track of your spending and paying down of your debts. Which is the next point.

    7. Reevaluate your progress at set intervals

    Doing a regular check-in can help you see your efforts pay off or maybe indicate that you need to give this a bit more effort. If you check every 3-6 months, it will not feel so much like a chore or feel so daunting.

    By doing this, you will be able to better understand your progress and perhaps readjust your plan. Bonus: if you see it pay off, it will feel great to do this check-in. You will get there.

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    Finally (and most importantly)…

    8. Keep trying

    Do not get discouraged. Pushing it off will make it worse. Just keep trying.

    Once your debt becomes lower, each monthly payment will reduce the balance more. Why? You are paying less towards interest. It will be a snowball effect eventually and it will become much easier to manage. Just get to that point. And know once you do, it will feel easier and motivating.

    Start knocking out your debt today

    The best way to eliminate debt is to get started right away. Begin by implementing the above steps and watch your debt just melt away. Try out some of the above strategies and see what works best for you. Soon you’ll be on your way to a debt free life.

    Featured photo credit: Pexels via pexels.com

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