finance
monthly
Personal Finance. Money. Investing.
Contribute
Newsletter
Corporate

UK Productivity: Q3 2016 - comments from Robert Half UK

Posted: 6th January 2017 by Katina Hristova
Share this article

Today saw the launch of ONS’s economic statistics theme days, with today’s releases focusing on productivity. Following the release of the latest figures, Phil Sheridan, senior managing director at specialised recruitment agency, Robert Half UK commented:

“One of the most common reasons productivity declines is due to a lack of employee morale and general unhappiness in the workplace.

“Business success hinges on a motivated and productive workforce. Yet new regulations, a growing talent shortage and the emergence of hot fintech start-ups means financial services is an industry ripe for disruption - our research shows that 86 per cent of financial services leaders have concerns about losing a top performer as the competition for talent intensifies.

“To help drive productivity upwards, financial services firms need to prioritise initiatives designed to boost job satisfaction and retain employees. For example, recognising employee success, giving clear direction and having open communication foster a culture where employees feel pride and appreciation in the workplace, helping create more fulfilled staff that consistently deliver the output the financial industry needs.

“Ultimately, a business is the sum of its parts. Without a focus on boosting staff productivity, organisations will quickly fall behind.”

 

A summary of today’s Productivity figures can be found here: https://www.ons.gov.uk/employmentandlabourmarket/peopleinwork/labourproductivity/articles/ukproductivityintroduction/julytosept2016

 

About Finance Monthly

Universal Media logo
Finance Monthly is a comprehensive website tailored for individuals seeking insights into the world of consumer finance and money management. It offers news, commentary, and in-depth analysis on topics crucial to personal financial management and decision-making. Whether you're interested in budgeting, investing, or understanding market trends, Finance Monthly provides valuable information to help you navigate the financial aspects of everyday life.
© 2024 Finance Monthly - All Rights Reserved.
News Illustration

Get our free monthly FM email

Subscribe to Finance Monthly and Get the Latest Finance News, Opinion and Insight Direct to you every month.
chevron-right-circle linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram