May 24, 2017
Suppressed global productivity levels weigh down on personal wealth 0
The slowdown in global productivity – already underway before the last economic crisis – combined with sluggish investment, continued to undermine rises in economic output and material living standards in recent years in many of the world’s economies, according to a new report released by the OECD. In its latest Compendium of Productivity Indicators, the OECD also highlights a decoupling between productivity growth and higher real average wages in many countries, resulting in continued declines in labour’s share of national income. The report claims that the contribution of labour utilisation (hours worked per capita) to GDP growth has risen markedly in a number of countries, notably in the United Kingdom and the United States. However, rises in labour utilisation reflect two opposing effects: higher employment rates but lower average hours per worker, which points to more part-time working, often in low productivity jobs.















Employees coming into work when sick are contributing to a rising trend of ‘presenteeism’ across the UK, with more than half (52 percent) of UK workers admitting to going to work when their performance is negatively affected by work-related health issues, a new survey claims. A third (34 percent) of workers have even considered moving jobs due to the negative impact of their work environment on their health – the highest percentage across Europe. The report from Fellowes, published to coincide with World Day for Safety and Health at Work, argues when a worker is present but not able to perform their function properly, it compromises their productivity. With most employees continuing to work at sub-par levels rather than taking days off to recover, this also prolongs the effect of illness. Subsequently, businesses are experiencing a detrimental knock-on impact on the quality and volume of work produced, with a further impact on overall business performance.










April 3, 2017
Brexit should be a chance for the UK to enshrine employment rights 0
by Chris Rowley • Comment, Legal news, Workplace
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