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It’s a scary time for workers right now. Some are saying the recession will likely hit later this year and people are being laid off left, right, and center. Beyond Big Tech firms, Europe’s startups and scaleups have suffered. Since March 2022, at least 42,000 staff have lost their jobs; shockingly, more than half of these cuts came in the first quarter of 2023.
For those who survive, making it through a round of layoffs often means being on a smaller team that’s expected to keep the same output. Suddenly, the workload has increased alongside stress levels. The European Agency for Safety and Health at Work found that nearly half (44%) of workers claim that work-induced stress is on the up, as worries about work overload and time pressure increase. That’s the backdrop leaders and entrepreneurs are up against when it comes to motivating teams.
What a cheery start to this piece – but it’s not all doom and gloom. There’s a simple fix to boosting your team’s performance: Measure employees’ value using metrics beyond productivity.
There’s no ‘I’ in team.
When measuring value, you can’t look at one employee’s output without recognizing the impact they have on the wider team. After all, a successful business is like the human body: you wouldn’t embark on a marathon with a broken arm, no matter how fit you are. In an effective team, each part needs to work together.
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