What is “Value”
When we talk about adding value at work, we mean making contributions to the growth and success of your business or organization that go above and beyond your typical job responsibilities. It entails actively seeking out ways to make a difference. It supports the goals of your team, division, or organisation.
Why adding value is important ?
In addition to being beneficial to your employer, adding value at work aids in your professional growth and career advancement. It demonstrates your aptitude, enthusiasm, and dedication to your work and could lead to more opportunities for promotion, recognition, and job satisfaction.
Practical Ways to Add Value at Work
There are various ways to add value at work, regardless of your position in the industry. Different ways to provide future action with regards to adding value at work are as follows:
1) Improve your skills and expertise
The world is changing so rapidly. The new advancements in each field are also changing rapidly. Therefore, it is mandatory for a professional to look at different ways to improve their skills and expertise in the relevant field. By doing so, you can contribute to your organization’s success. Always seek to invest your time in increasing your in-depth knowledge, focusing on polishing your expertise, and making yourself a master of different tools or advancements relevant to your role.
While working in organisations, always try to identify different areas for improvement as it is a continuous process. Once an area for improvement has been identified, do take the lead on the projects. By doing so, you significantly add value to your industry. There are different ways to save resources. Generally, be a silent observer, gain an understanding of the different processes and procedures, suggest ideas to improve operations that ultimately have an effect on industry growth,
In any industry, workplace productivity and working conditions demand strong collaboration skills, which always play a critical role in creating a work environment that leads to significant results. The basic role in solving any problem is to observe, understand, make an informed decision, and discuss with an open mind. This system always improves positive workplace culture and adds value to organisations.
4). Be solution-oriented.
Think positively when dealing with problems, as it is a continuous process that leads to system improvements. Always focus on fixing issues, as in any organisation, the problem solver gets more advantage than the problem teller. Always go to the area that is creating the problem. Adopt different strategies, ideas, or steps to avoid in the future. Implement the solutions and show yourself as capable of solving any issues with proper work and good results.
5). Priorities customer satisfaction.
One of the most important aspects for all industries is “customer satisfaction.” For long-lasting relationships, customer trust and loyalty are of significant importance. As customer needs rapidly change day by day, come up with different ideas to know what they need. Take steps to address their concerns by providing highly-quality products that ultimately contribute to the company’s success.
6). Demonstrate Leadership
Leaders are regardless of their position or role. Show leadership qualities that make you different from others. Use the leadership tool in such a way that it adds value to your work. Always take responsibility for your actions, which create your repute as responsible assets of the organisation. Keep motivating your staff and coworkers. Always available for your staff at the time of need. Be a role model first, which contributes to a positive working environment, and encourage your team to play a vital role.
Measuring the Impact of Added Value
To assess the effectiveness of your efforts to add value at work, it is essential to establish key performance indicators (KPIs) that align with your organisation’s objectives.
Monitor your progress regularly and evaluate the outcomes of your actions. Some examples of KPIs to track the impact of added value include:
1) Increased productivity or efficiency
2) Improved customer satisfaction ratings
3) Enhanced employee engagement and morale
4) Cost savings or revenue growth
5) Achievement of project goals or milestones
Following are a few KPIs that allow you to measure the impact of added value at work.
Track customer satisfaction: Use different surveys at different times through feedback forms to understand the minds of customers and measure the effect on them.
Monitor sales and revenue: Monitoring sales and revenue is one way to get an idea of how your added value impacts the markets.
Analyse employee engagement: See if employees are more motivated and engaged because they feel they are adding value to the organisation.
Compare with competitors: Assess how your added value impacts your position in the market compared to your competitors.
Monitor cost-effectiveness: Check if the added value justifies the resources and costs needed to provide it.
Gather testimonials: Collect positive stories and experiences from customers to demonstrate the impact of the added value on their experience.