Labour productivity is all over the place for many Western nations. It rises, it slows, it plateaus. It is hard to predict as these countries struggle to climb out of recession. Productivity fuels economic growth – but then employment and wages catch up and productivity levels off.
Many organisations are spending all their attention on just ‘staying alive’ – they believe that productivity can wait … or that it will take care of itself.
It won’t. We all know the problems that can accrue if you spend your time on the urgent things and forget to address the important ones.
More organisations need to be thinking NOW about their future performance.