A third of employees are productive for less than 30 hours per week

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Simply put, productivity matters. It matters to governments, to industry, to families and individuals. For something so important, it’s alarming to see how it’s fallen across developed economies since the financial crisis over a decade ago. The impact of weak productivity, according to the Organisation for Economic Cooperation and Development (OECD) and the International Monetary Fund (IMF), could be to slow down the rise of global living standards or even create social turmoil.

Better productivity on the other hand, can have us all reaping the rewards. If our companies are more productive, performance improves. Which in turn can lead to lower prices for customers and higher wages for employees. Stronger performing companies generate a greater tax intake for governments which can be redistributed to public services like health and education. Productivity equals progress.

But a recent study by Sage pointed to productivity as an area with room for improvement. Over a third of employees admitted that they’re only productive for less than 30 hours per week. So boosting productivity is a board room priority, with many companies actively looking for ways to disrupt the status quo. One way of doing that, according to our survey of over 400 CEOs, is to keep making the employee digital experience better - to increase productivity, cut costs and hold on to employees.

IT decision makers and employees back up the CEOs point of view. Ninety per cent say mobile tools and collaboration services help them get more work done. And when asked what their number one priority would be if they were CEO? Boosting productivity. Eighty per cent said that would top their to-do list.

Instant Messaging, secure access to company tools and portals through mobile devices, screen sharing, collaboration platforms like Microsoft and Webex Teams, and video at desktop, are all cited as technologies that improve productivity to a great extent. Companies need to make sure persistent collaboration is firmly on their business and IT roadmap.

We’ve been researching the digital workplace since 2010. It helps us better understand the challenges organisations are facing when rolling out transformational projects. Our latest whitepaper to come from this study is ‘People, productivity and the digital workplace’. Click here to download your complimentary copy.

 

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Joseph Walsh

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