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New Zealand firms need to encourage productivity

Posted on 10 Jun at 9 AM Tags: Working in New Zealand, Jobs in New Zealand, Property,

A recent survey by Ernst & Young has revealed that workers in New Zealand would be more productive if they were better managed, had more motivation and were given greater recognition.

The Productivity Pulse survey found that 80 per cent of respondents from the public and private sector believed they could be more than 20 per cent efficient during the average day.

The study found that well over an hour of every day was a waste of time and effort for employees. Although some admitted that social media was a distraction the biggest waste of time was waiting for other people to finish their tasks and dealing with unnecessary emails.

Ernst & Young estimates that untapped productivity costs more than $30 billion every year. Partner Braden Dickinson believes that most workers did not deliberately shirk work and genuinely want to do a good job. He added that employees were not putting their feet up but asking for their skills to be used and for better communication in the work place.

Dickinson said that problems associated with more skilled workers heading overseas and an aging workforce needed to be addressed urgently. He added that the last year had seen many companies attempt to increase productivity by cutting costs, reducing workforces and increasing automation. However these initiatives can only provide so much, he went on to say.

The NZD exchange rates on 10/06/2013 were as follows: GBP NZD = 1.9717, EUR NZD = 1.6783, USD NZD = 1.2661, AUD NZD = 1.1974, CHF NZD = 1.3559, INR NZD = 0.0219, AED NZD = 0.345, MXN NZD = 0.0981, CAD NZD = 1.2417, ZAR NZD = 0.1244, RUB NZD = 0.0393, . See today's New Zealand Dollar Exchange Rate
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