The report reveals the barriers standing in the way of great people practice and the habits businesses can adopt to overcome them to transform potential into productivity
UK productivity has plateaued since the 2008 financial crash, now lagging 16% behind the rest of the G7, impacting UK living standards and competitiveness. Many factors contribute towards this, some that business has no control over. But one area where firms can truly make a difference is the way they attract, lead, engage and develop their people. In fact, improving the average quality of people management in UK firms by just 7% has the potential to add a massive £110bn to the economy.
For the first time, Great job: solving the productivity puzzle through the power of people reveals the barriers standing in the way of great business practice; and offers insight into key habits that your business can adopt to overcome them, with stories of how different businesses have approached the issue.
But business cannot solve the productivity puzzle alone. Government must also work with business to accelerate progress by:
- Kick-star