Better data-driven decisions and effective execution of those decsions a significant part of the answer together with moving away from use of low cost labour instead of investing in capital- technology
Productivity is an issue in nearly a quarter of UK businesses according to the Office for National Statistics (ONS). Output per hour for the UK is 20 percentage points below the average for the rest of the G7 advanced economies, according to the ONS. This is the widest gap since comparable estimates began and reinforces the need for employers to move now in order to manage their workforce.
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