Has Worker Productivity peaked? October 13, 2010Posted by Edwin Ritter in Trends.
Tags: capacity, management, productivity, recession
A recent report from the Labor Department indicates that worker productivity may have peaked and actually be in decline. That can be good news for the economic recovery as companies will need to hire more workers to maintain growth. Companies are beginning to realize they simply cannot get more work from current employees and they need to be aware of the burnout effect. To maintain growth then, companies will need additional workers.
This is good news for job seekers and will have a positive impact on consumer spending.
Are you as efficient as you can be? Has “doing more with less” been played out at your company? Do they plan on hiring?