Productivity

RECENT NEWS
The Economist  Apr 29  Comment 
ONE of the economic mysteries of recent years is why productivity gains have been so slow. It is a big issue for the developed world since, with workforces likely to stagnate or shrink as the baby boomers retire, productivity will have to do all...
The Hindu Business Line  Apr 29  Comment 
Tata group firm Titan Company has announced a voluntary retirement scheme (VRS) for employees to reduce headcount in order to improve productivity. “The company, on April 28, 2016, announced a volu...
The Economic Times  Apr 29  Comment 
Latest figures are a clear sign that India’s IT cos are succeeding at ‘non-linear’ growth, where revenues rise disproportionately compared with hiring.
Forbes  Apr 28  Comment 
Here?s a situation employers are all too familiar with: When an employee doesn?t show up for work, his or her team?s productivity may decline. But what can companies do about absenteeism? You can?t control how often your employees get sick, right?
The Economic Times  Apr 28  Comment 
The latest figures are a clear sign that India’s largest outsourcing firms are succeeding at ‘non-linear’ growth, where revenues increase disproportionately compared with hiring.
New York Times  Apr 28  Comment 
The rate of economic output is not increasing much. Or is there work below the surface that will pay big dividends in the future?
Forbes  Apr 28  Comment 
Two years ago, in their groundbreaking book The Second Machine Age, Professor Erik Brynjolfsson, Director, and Andrew McAfee, Co-director, of the MIT Initiative on the Digital Economy, described digital technology’s transformative effect on...
Motley Fool  Apr 27  Comment 
Intense competition is taking a toll on the consumer goods titan, but price increases and productivity improvements are boosting profitability.
The Australian  Apr 27  Comment 
Labor cites Productivity Commission research suggesting a rollout of smart meters could produce savings for households.
NPR  Apr 26  Comment 
Sleep researchers say about 30 percent of employees at big firms are so tired they're making as many mistakes as if they were coming to work drunk. Some offices now have "napping pods."




 

Productivity growth drives advancement, from the micro level to the macro - it is one of two sustainable drivers of GDP growth, and one of the competitive advantages of leading firms across the globe. Productivity is simply how much one can get out of set resources. For example, the ongoing development of information technology increases the amount of work an employee can perform every hour, be it making cars or creating spreadsheets.

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