{"id":520,"date":"2017-01-26T14:07:09","date_gmt":"2017-01-26T14:07:09","guid":{"rendered":"https:\/\/www.granta-automation.co.uk\/news\/?p=520"},"modified":"2023-10-09T14:23:39","modified_gmt":"2023-10-09T14:23:39","slug":"theresa-may-tackles-productivity-to-increase-prosperity","status":"publish","type":"post","link":"https:\/\/www.granta-automation.co.uk\/news\/theresa-may-tackles-productivity-to-increase-prosperity\/","title":{"rendered":"Theresa May Tackles Productivity to Increase Prosperity"},"content":{"rendered":"

\"Building-our-Industrial-Strategy\"<\/a>What is productivity? \u00a0How do I increase productivity?<\/em><\/p>\n

These questions are the type of questions that many people will be asking themselves after the release of the governments \u2018Building our Industrial Strategy\u2019 Green Paper<\/a>. With the policy open for debate and discussion, it\u2019s important that we understand what is meant by Productivity.<\/p>\n

Productivity is the effectiveness of productive effort measured in terms of the rate of output per unit of input.\u00a0 <\/strong><\/p>\n

The \u2018Building our Industrial Strategy\u2019 Green Paper<\/a> has identified the need to increase our productivity to help our Country become great again. To quote from Prime Minister Theresa May\u2019s introduction in the \u2018Building our Industrial Strategy\u2019 Green Paper<\/a>:<\/p>\n

\u201cThis active government will build on Britain\u2019s strategic strengths and tackle our underlying weaknesses, like low productivity. This is vital because if we want to increase our overall prosperity, if we want more people to share in that prosperity, if we want higher real wages, and if we want more opportunities for young people to get on \u2013 we have to raise our productivity.\u201d<\/em><\/p>\n

Productivity is closely related to prosperity and the standard of living within a country.\u00a0 As productivity goes up, so does the standard of living.\u00a0 Currently, when it comes to productivity, the UK is far behind many other parts of the World. To quote from Greg Clark, Secretary of State for Business, Energy and Industrial Strategy:<\/p>\n

\u201cFor all the global excellence of the UK\u2019s best companies, industries and places we have too many who lie far behind the leaders. That is why, on average, workers in France, Germany and the United States produce around as much in four days as UK workers do in five.\u201d<\/em><\/p>\n

Improving productivity is not done by making people work harder or faster, it is achieved when each hour of input is made to yield more output per hour than before.\u00a0 This may sound difficult to achieve, but one of the keys to increase productivity is automation.\u00a0 With automation, output can be increased whilst maintaining the same level of input.\u00a0 As productivity goes up, so standards of living increase, and who of us doesn\u2019t want that to happen!<\/p>\n

Watch this short video to help you understand what productivity is and how you can increase productivity in your business.<\/p>\n

Wishing you every success!<\/p>\n