In a year when most everything seems to be “unprecedented,” we can add to the list the fact that we are now in the longest period of year-on-year decline in people productivity since measurement began in the early 20th century.
For the past 10 years, we have seen continued downward pressure on productivity numbers. It is true, economists will tell you, that productivity does not always need to go up. However, when it goes down for such a lengthy period of time, it has an impact on GDP, and eventually on our living standards. Add to the historical downward trend the hit on productivity from months and months of pandemic-driven disruption, and we are taking a massive double blow to our economy.
Recently, I researched trends and challenges impacting people productivity and found that it is a complex issue, partly affected by the fact that, in the 21st century, we still measure productivity mainly using early 20th century methods and thinking. This 20th century thinking and doing drives. . .
Original: Recruiter.com – Daily Articles and News