Magazine article Management Services

UK Productivity under Scrutiny

Magazine article Management Services

UK Productivity under Scrutiny

Article excerpt

UK productivity is under increasing scrutiny following the Office of National Statistics (ONS) figures, which identified a 0.5% fall in the first quarter of 2018. In order to give SMEs more advice on tackling this area, NatWest Bank jointly with the Centre for Economics & Business Research (CEBR) has released a practical guide on productivity. The NatWest business and premier banking managing director, Marcelino Castrillo, stressed the need for SME bosses address the productivity issue.

Research by the NatWest from 2000 UK SMEs indicates that Brexit and political uncertainty are the prime concerns, thus ensuring that productivity falls to the bottom of the list of priorities. This is despite 69% of SME decision makers believing productivity is important. The research also found that investing in workplace culture, employee benefits packages and rewards for good performance have the biggest impact on productivity. …

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