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Cut the Fat to Get to Lean Productivity
- nostrademons 19y agoThis completely misses the point about productivity. In my experience, the #1 reason why workers are only productive for 2/3 of the working day is they have no incentive to do otherwise. After all, you go home at the same time regardless of whether you finish your work quickly or not. You probably get paid the same (module a small % raise) regardless of whether you do good work or bad work. People who want to get lots done typically get lots done. They don't need to resort to productivity tips. And companies with incentive structures that reward hard work typically get it. Nucor consistently has some of the highest productivity in the steel industry - their compensation structure involves salaries that range in the $40K range, but bonus that can total up to $130K. Management consulting firms consistently elicit high effort from employees, because they don't have face time: once you finish your work, you can go home. Hedge fund managers never seem to goof off, because they get paid 20% of the profits, often amounting to billions of dollars. Startup founders work for incredibly long and focused periods of time, because they enjoy all the upside of their work.