Labor productivity can also indicate short-term and cyclical changes in an economy, possibly eventurnaround. If the output is increasing while labor hours remains static, it signals that the labor force has become more productive. In addition to the three traditional factors outlined above, this i...
McKinsey leaders and industry executives explore what it will take to improve US labor productivity and deliver a potential $10 trillion boost to the economy.
GDP per capitais a measurement of the GDP per person in a country’s population. It indicates that the amount of output or income per person in an economy can indicate average productivity or average living standards. GDP per capita can be stated in nominal, real (inflation-adjusted), orpurc...
Over 50 percent of employees say their productivity is down. We explore how managers can address worker needs to improve engagement and satisfaction.
We show you how to quantify resume achievements in 2025 and give examples of the types of accomplishments you can highlight with hard numbers.
What is Productivity? With this blog, boost your productivity by learning productivity meaning, how to measure it, tips to increase productivity, etc.
If you’re considering expanding your business, moving into a new sector or market, or considering an investment in new tools or premises, being able to forecast based on measuring employee productivity is extremely valuable. It’s true that there is no such thing as an ‘average worker’, ...
If retention is the problem, bring out cases of how a more equitable culture improves employee engagement, satisfaction, and productivity. When trying to secure buy-in for diversity, Javier Palomarez, president and CEO of The United States Hispanic Business Council, likes to start with a series...
SaaS products help founders and lean startup teams get more work done with fewer people. However, having too many apps can start eating into the productivity benefits they provide. According toBetterCloud’s 2021 State of SaaSOps Report, organizations used an average of 110 SaaS apps over the ...
While there are many schools of thought, we find three waves collided to produce a productivity-weak but job-rich recovery, with productivity growth falling on average to 0.5 percent in the 2010–14 period compared to 2.4 percent a decade earlier. These three waves are: the waning of a prod...