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All articles about productivity

How can you improve your business productivity in 2020?

January 28, 2020

With the New Year, new priorities emerge for businesses and many of them plan to improve productivity within their organisation.

A 2015 CIPD report defines productivity as "how effectively organisations, and the people working in them, produce value from available inputs".

Productivity is widely thought of as determining the economic health of a nation, driving growth through increased output per hour. This in turn increases salaries and profits, leading to improved standards of living.

However, a 2019 report published by the Office for National Statistics states that the productivity of British workers fell at the fastest pace for five years in the second quarter, which is worrying news as we head into 2020.

While it may go without saying that some Brexit uncertainty has impacted the economy, it seems that there is much scope for productivity improvement.

The good news is that for the vast majority of businesses, increasing productivity doesn't have to mean implementing a drastic programme of change. In many cases, it could simply involve being clear about why certain processes are in place, and empowering people to make time-saving decisions.

So, if your business could do with a productivity boost in 2020, here are some suggestions to consider:

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