A recurring theme in recent years is poor productivity in the UK. Despite unemployment reducing and the economy growing, business organisations continue to warn us of the growing productivity gap between us and the top performing G7 nations.
Mike Cherry, FSB National Chairman, said “Closing the productivity gap is the best way to boost the long term health of the UK economy. It is key to reducing the budget deficit, and delivering higher wages and living standards.”
Sector variation
While all sectors are facing the challenge, the way it affects them varies, as an article from the London School of Economics demonstrates, looking at it’s impact across the financial, transport and construction industries.
Who can fix it?
While there is a key role that government can play in looking at improving UK infrastructure, planning regulations, workforce skills, investment, innovation and R&D, there is an important role that you can play.
You can
At Investors in Excellence, our extensive cross-sector experience has led us to the following key points which can help your organisation deliver change and improved productivity:
- a sharp focus on What Matters Most?
- Leading
- Resourcing
- Delivering
- Achieving
- Embedding Continuous Improvement
We have a proven track record of enhancing performance and improving productivity by focusing on Excellence.
Meet the productivity challenge head on
If you’re looking to close the productivity gap, be more effective and efficient in your organisation, get in touch to discuss a valuable 20 Point Productivity Plan to get you started. “We bring the clarity, capacity and capability you need to face these challenging times”.
Call us now on +44 (0)121 746 3150 or email iie@investorsinexcellence.com to find out more.