Chairman's blog: Productivity: Paradox, Puzzle, Problem or Symptom? - By David Lennan, Chairman, Work Wise UK
/Commute Smart week is a very significant week in the year for the Work Wise UK calendar, when the clocks go back and we reflect on some of the stunning headlines that have hit the press during the year. A real standout one is that Traffic Congestion is estimated to cost the UK Economy more than £300 Billion over the next 16 years according to a study from INRIX and the Centre for Economics and Business Research.
Work Wise UK has focused attention on the Productivity conundrum and these massive missing £Billions for several years, but during this last year, more has been written about Productivity than at any time in our Industrial history and if the gurus are to be believed, we continue to slip down the International productivity leagues and are now said to produce 17% less per hour worked than other G7 Nations.
The Government has now set Sir Charlie Mayfield the task of finding “The Missing Billions” £130bn to be more precise, said to be lost to the British economy through poor productivity. Well, as we are now in full flow towards Brexit he and his team had better find the answers to that puzzle quickly, as the impact for most of us will probably be felt in our Workplaces and our pay packets. Whether the impact will result from changes to our Laws, our Terms of Trade, or simply because our attitudes and behaviors at work are not changing to create more productive workplace cultures, is yet another problem and perhaps even the big one to solve.
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