Almost a third of London employers are struggling with productivity levels, compared to just less than a quarter of employers in the UK as a whole
Nearly a third (32 per cent) of London employers think that productivity is a problem for their business, according to figures shown exclusively to City A.M. by Group Risk Development (GRiD).
By comparison, in a report released earlier by GRiD, just 23 per cent of employers across the UK as a whole said that productivity was an issue for them.
In a bid to up their staff’s productivity levels, 33 per cent of London employers are promoting flexible working initiatives, 28 per cent are encouraging their staff to be more active and 22 per cent are taking a closer look at employee engagement statistics.
But, while 17 per cent of employers across the UK are encouraging their staff to suggest their own improvements for workplace processes, just nine per cent of London employers are doing the same.
“The fact that a third of businesses in London are starting to see the wider productivity puzzle as a strain on their growth is clearly a concern, not least because London contributes 22 per cent to the Gross Value Added of the UK economy,” said Katharine Moxham, spokesperson for GRiD. “What has previously been seen as a wider economic issue is now filtering through on the ground, and this can often be the result of poor staff morale and wellbeing.”
According to Office for National Statistics (ONS) figures, the UK’s productivity now lags behind that of most other G7 countries, with only Japan having a lower level of gross domestic product per hour worked.
Here's what London employers are doing to tackle their productivity puzzle:
