Business Leaders Seek Further Productivity Gains in Quest for Financial Goals
CEOs are demanding significant increases in workforce productivity to meet their corporate financial expectations, according to the Hay Group. Internationally, firms are targeting 5.4 percent growth for 2011. In the U.S., firms are aiming for 4.9 percent growth for 2011. To enable employees to do even more work, companies plan to implement more rigorous individual performance-management. After all, businesses are looking for productivity gains of least 6 percent, the study found.