Sluggish productivity growth sparks calls to introduce better HR support for businesses
The Chartered Institute of Personnel and Development is calling on the Government to introduce better HR support for local businesses after official figures revealed productivity growth remained sluggish in the first quarter of 2018.
Office for National Statistics (ONS) data, showed UK labour productivity grew by just 0.9% in the first three months of the year, significantly lower than pre-2008 levels.
The CIPD have suggested that policymakers should be focusing on providing better local business support to small firms on people management, as this is key to achieving the marginal gains in capability that over time can boost workplace productivity levels.
Research has previously found 70% of companies are failing to tap into the full potential of top performing employees.