Saturday 27 August 2016

Incentives

Japan is offering employment subsidies to organisations that improve their productivity.  So 'winning' companies get a double boost.

Is this a sensible role for government - to reward the successful?

One reason for their action is to prevent companies from using job cuts to fuel growth.

What does matter is that the aims of any government intervention are clear - and seen to be fair.
And, as a general rule, government should not 'shore up' the unsuccessful and uncompetitive.

so, perhaps this is a valuable experiment.  Certainly i will be interested to see the results.

Japan currently ranks 22nd out of 34 OECD countries for its productivity.  Perhaps this initiative can move it up the list.



Saturday 20 August 2016

Does buisness dress matter?

More firms are allowing workers to come to the office in less formal attire.  does this have an impact on productivity?

There is little research on the issue.  The arguments seem to boil down to:

allowing people to dress casually makes them more comfortable, more relaxed and more content - and this has a positive effect on their performance.

encouraging people to dress formally means they wear a 'business uniform' which puts them in the right frame of mind - and this has a positive effect on their performance.

Perhaps we should just offer people the right to choose.... within certain limits of course.

it seems to be an irreversible trend, anyway - perhaps we are better just accepting the fact - until and unless we get some evidence to make us think again.

Saturday 13 August 2016

Vicious circle

Nations are (quite rightly) urged to improve educational standards and attainments to help boost national productivity.  An educated - and skilled - workforce is a key underpinning of higher productivity.

This is actually a vicious circle (or cycle).  Low education standards results in lower productivity - and lower productivity results in less money to invest in education. And the cycle continues.

Nations have to find some way to break out of the cycle. And wealthier countries who provide aid to developing countries should focus a great deal of their efforts on education and skills.

Its the 'teach a man to fish' paradigm.

Saturday 6 August 2016

Don't get too friendly

We know that teams that share values tend to knit together better.  A culture in which people 'get on' and work for each other is considered to be productive.

Yet, tension can provide creative sparks; competition raises effort; oysters need an irritant to produce pearls.

So, don't throw the baby out with the bathwater. Allow team members a degree of freedom in which to be 'sparky, create and encourage (friendly) competition and rivalry.

You will end up with a more creative workforce.