{"id":9842,"date":"2021-12-14T01:52:59","date_gmt":"2021-12-14T01:52:59","guid":{"rendered":"https:\/\/www.findadistributor.com\/news\/?p=9842"},"modified":"2021-12-16T14:38:59","modified_gmt":"2021-12-16T14:38:59","slug":"utilities-counts-lost-productivity-costs","status":"publish","type":"post","link":"https:\/\/www.findadistributor.com\/news\/utilities-counts-lost-productivity-costs\/","title":{"rendered":"Utilities Counts Lost Productivity Costs"},"content":{"rendered":"

A recent sampling of data reveals that teams working in the utility industry are only 63% efficient when it comes to communication, giving and receiving feedback and handling stress, among other key indicators of strong teamwork. As a result, on average, these teams are losing close to a half million dollars every year due to the lack of productivity.\u00a0<\/span><\/p>\n

This raises the question of whether utilities and contractors are ready for the work that will come with the approval of the Bipartisan Infrastructure Bill (BIB). BIB sets aside $15.7 billion for electric grid infrastructure, and additional funding for wind, solar, nuclear, and hydropower. On top of that are grants for expanding the electric vehicle charging infrastructure.\u00a0<\/span><\/p>\n

Improving teamwork increases productivity as well as safety. Consequently, strong teamwork also creates an organizational environment that makes it easier to recruit and retain people.\u00a0<\/span><\/p>\n

Okos Partners LLC<\/a>, utilizing Team Assessment software from Vivo Team, surveyed employees representing Utilities and Rural Cooperatives, Engineering and Utility Contractors, Power Plant Services, Unions, Suppliers, and others that work in or alongside the Utility Industry.<\/p>\n

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Okos Partners LLC, utilizing Team Assessment software from Vivo Team, surveyed employees.<\/p><\/div>\n

During assessments Okos Partners gathered at a recent utility industry trade show, volunteers answered 14 questions about communication, meetings, ability to handle stress, and similar topics. Four out of six key indicators for this industry group contributed to the average team being unproductive 37% of the time. They are struggling with communication, providing feedback, being accountable and working in cohesion with each other.<\/p>\n

\u201cImagine a person who loses five hours of productivity a day. If that person is paid $50,000 a year, their lost productivity would cost the company about $32,370 annually. Does five hours a day sound high? It\u2019s not as hard as you think,\u201d says Renee Safrata, CEO and Founder of Vivo Team.<\/p>\n

Safrata explains:<\/p>\n