The 2008 Proudfoot Global Productivity Report identifies key productivity issues and opportunities. The findings are the result of interviews with 1,276 mid-level managers across 12 countries and eight sectors, an analysis of data collected during Proudfoot engagements in 2007, and in-depth interviews with senior executives around the world. Among the key findings:
According to the study, companies will leave 30% of potential productivity gains untapped over the next two years. Managers spend 42% of their time on administrative tasks and only 10% of their time on training and active supervision of their workers. 34.3% of the average worker’s time is spent on unproductive activities, up from 32.1% the prior year. For every 5-point increase in the share of time managers spend on active supervision, worker unproductive time falls by 1 point. The top six barriers to improved productivity are: 1) a shortage of skilled workers; 2) internal communication issues; 3) legislation and regulation; 4) low employee morale; 5) high employee turnover; and 6) quality of supervisors.