The prosperity of any firm or industry or country depends to a large extent on productivity, i.e the
relationship between the value of goods or services produced and the number of labour hours
needed to produce those goods or services . The experts tell us that productivity gains are
achieved by a mix of factors. A report produced a few years back by the Industry Training
Federation and the Dept. of Labour had this to say on the topic:
Improved productivity and organisational performance has been attributed to a number of
interventions: better training, enhanced managerial capability, employee engagement, employee
recognition and reward, innovative productive practices etc *
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