09 October 2019 | Herpreet Kaur Grewal
Labour productivity for the second quarter (Apr to June) of 2019, as measured by output per hour, fell by 0.5 per cent compared with the same quarter in the previous year, according to the Office of National Statistics.
These figures followed two previous quarters of zero growth.
Both services and manufacturing saw a fall in labour productivity growth of 0.8 per cent and 1.9 per cent respectively, compared with the same quarter last year.
There was no growth in output per job in Q2 (Apr to June) 2019 compared with the same quarter in the previous year, as both gross value added (GVA) and the number of jobs grew by 1.3 per cent over the same period.
Nicole Bello, vice-president of SMB and Channel Sales, EMEA at Kronos Incorporated, believes that analytics can be a way to combat the productivity crisis the UK is currently experiencing.
She said: "The most recent ONS productivity statistics emphasise the need for leaders within businesses to become more data-driven in their approach, but to also harness this data for the good of the workforce. Emerging technologies such as artificial intelligence (AI) and machine learning (ML) or more advanced versions of HCM technologies can provide leaders with real-time data regarding their employees. This can be analysed to make timely, accurate and company-specific decisions that can help solve critical HR issues.
"By analysing the vast pool of data organisations have available to them, leaders are able to gauge a better understanding of individual employee engagement, employee productivity and even what shift patterns work best for each employee."