Understand the barriers standing in the way of great people practice and the habits that can help your business overcome them to transform potential into productivity
The UK’s productivity puzzle continues to be a tough nut to crack – with flatlining growth and an uncomfortable lag behind our G7 competitors – but the CBI’s recent research has explored a promising and tangible connection between productivity and people.
Great job: solving the productivity puzzle through the power of people explores the business, economic and reputational benefits of more firms adopting great people practices. And the benefits are significant - firms with the highest levels of employee engagement see 22% higher profits than those with lower engagement, and those that develop the strengths of their staff have been found to reduce turnover by up to 72%.
Plus, if businesses were to improve these practices, there is scope for a massive £110bn to be added to the UK economy. The size of the prize is clear, but how can businesses practically make the necessary changes?
Our exclusive highlights report for members breaks down the
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