According to new research from Pricewaterhouse Coopers (PwC) employee productivity at European companies is at a five year low.
Over 2,400 organisations in over 50 countries took part in the study. The report suggests that the drop in productivity is caused by the higher proportion of experienced workers, who command greater pay, and the overall increase in employee costs. Ultimately this results in Western European companies receiving a much lower return from their investment in their workforce.
Lee Andrews, Managing Director of Solutions Recruitment, says “It is not unusual for staff to become stale in their role after a number of years in the same discipline. The challenge for an employer is often twofold: to maintain motivation through training & development and to keep down any potential redundancy costs.”
PwC suggests that to ensure that people of all levels are delivering value, many companies need to go back to basics to improve performance management processes. This will mean implementing more thorough performance management, which differentiates between higher and weaker performers and rewards them accordingly
Posted on 30th Jul 12
Location: South Tyneside
Salary: £24,000 - 27,000 perannum + benefits