We need to talk about productivity Productivity is about using resources optimally to realize the best outcomes. However, each function and even individual executives define and measure productivity differently. Therefore, firms find it difficult to manage a common narrative and take the necessary next steps based on this…
COMMENTARY ON TODAY’S U.S. BUREAU OF LABOR STATISTICS EMPLOYMENT COST INDEX Today’s compensation report showed that wages and benefits continued to grow in the fourth quarter of 2022 – albeit at a slower rate compared to earlier in the year. Compensation for private industry workers grew by 5.1…
Commentary on today’s U.S. Bureau of Labor Statistics Employment Situation Report by Frank Steemer Today’s jobs report showed that the US labor market remains on solid footing, with a whopping 517,000 jobs added in January 2023, after an increase of 260,000 jobs (an upward revision) in December 2022.…
Productivity is about how to use resources optimally to realize the best outcomes. However, there are typically gaps in terms of communicating key productivity messages within a firm, making decisions and planning for the future based on a common productivity narrative, and then translating that narrative into actions.…