While other countries are upping their productivity levels, both Australia and New Zealand are falling behind, according to the 2006 Proudfoot Productivity Report.
It says the main barriers to productivity improvement are largely at an individual company level and include poor planning and control of work plus inadequate supervision. The most cost-effective steps to improve the situation are through addressing day-to-day operational issues, installing effective management and control systems, and active staff supervision, the report suggests.
Other key findings: Aussies wasted an average of 56 working days during 2005 and their CEOs believe mergers and acquisitions are the best growth path; US workers ‘lose’ around 33 days per worker/per year at an estimated cost to the economy of US$598 billion.
• Full report at
www.proudfootconsulting.com
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