Susy Roberts, 17th March 2016
In this week’s Budget, the Chancellor George Osborne paved the way for further austerity measures when he gave up believing Britain’s poor productivity could be turned around and officially downgraded the UK’s productivity growth predictions.
Giving up on productivity so soon is a disaster. Not least because UK workers have already become so unproductive that we already produce 30% less per hour than workers in France, Germany and the US.
Workers in those nations could take every Friday off and they’d still achieve more in the working week than we do in the UK. So what’s the solution?
Although there are fundamental issues around investment in new technologies and education, economists estimate that poor management accounts for as much as a quarter of the gap in productivity between us and our main rivals 1.
Given that we already have high employment and work the longest hours in Europe, some organisations are simply not getting the best out of employees or directing their efforts in the right way. But while the government’s given up trying to find a solution, if this is an issue for you, there are three proven tactics you can adopt right now to boost productivity within your organisation.