How do you improve productivity?

How do you improve productivity ?

Laura Mariani

ThePeopleAlchemist Edit: HR, Business and how to improve productivity

Can you improve productivity? And how do you characterise productivity in economic terms? It is more complex than just measuring how much you are doing in a given time. While labour productivity in other countries has grown in the last few years, UK businesses aren't as productive as they should be, and it is still lower than before the recession. The lack of productivity growth is particularly worrying given the national living wage, which could jeopardise jobs if productivity doesn't catch up. So, what is the problem? Well, it depends on who you ask... Here are just a few potential causes:
  1. low investment
  2. lack of credit
  3. diminishing skills
  4. UK's strong employment rate during and since the recession
One thing is sure, it is not laziness: working long hours is not the same as working more productively, so comparing a middle-income country like China with the UK is like comparing apples and pears.
Suppose a business has an internal culture aligned with the strategic direction and a balanced approach to investment in capital, equipment, and people. In that case, it is also likely to have higher productivity. If a business also equips its people to change and acquire more skills through time, it can then influence productivity
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Laura Mariani Best Selling Author, Content Creator and Change & Transformation Expert

Hi there, I hope you enjoyed this post. Please do provide me with feedback.

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Laura xxx

Disclosure of Material Connection: Some of the links in my posts are ‘affiliate links‘. This means that if you click on the link and purchase the item, I will receive an affiliate commission, for example as an Amazon Associate I earn from qualifying purchases. This is at no extra cost to you. Regardless, I only recommend products or services I use personally and absolutely would recommend to my readers.

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