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Enhancing Laborâ€™s Contribution to Productivity: Prioritizing Productivity to Drive Growth, Competitiveness, and Profitability (CHRO Summary)
June 2015 | Publication
With little improvement in sight to the substantial declines in productivity worldwide, in the next year we will start to see the effects of a productivity crisis—including squeezed profits and rising labor costs. The human capital function has an essential role in mitigating this crisis.
The productivity slowdown creates new challenges for CHROs and CTOs concerning wage inflation, company culture, employee engagement, and workforce skills. This report outlines these challenges and details how to tackle them.