What is productivity? At its most basic, productivity is output relative to input, a measure of the effectiveness of effort. It matters because productivity impacts the health of your business, your employees, your wages, and how sustainable your product is. Doing more with less is entirely possible when the core principles of minimizing waste, becoming more efficient and embracing innovation are adopted.
NZ produces less per hour worked than most countries in the OECD, working harder not smarter. Te Kōmihana Whai Hua o Aotearoa (The NZ Productivity Commission) measured that our productivity is much lower than our cousins across the ditch, and significantly lower than other small high-income countries such as Denmark, Netherlands, and Finland. It shows that globally there has been huge growth in productivity, so why have we been left behind and what can we do to fix it?
Check out this video released by Te Kōmihana Whai Hua o Aotearoa -
Increasing productivity not only provides more wealth to your business, but a wealthier and more equitable Aotearoa.
Contact us to find out more about how you can improve your productivity.