Citation
(2006), "UK: jobs high, productivity low", International Journal of Productivity and Performance Management, Vol. 55 No. 5. https://doi.org/10.1108/ijppm.2006.07955eab.002
Publisher
:Emerald Group Publishing Limited
Copyright © 2006, Emerald Group Publishing Limited
UK: jobs high, productivity low
John Philpott, Chief Economist at the Chartered Institute of Personnel and Development (CIPD) in the UK says, “Given a tough year for the UK economy, the labour market performed remarkably well in 2005, with well over 300,000 more people in work and pay pressures subsiding. But there is a sting in the tail. A combination of continued strong employment growth in the public sector – where measured productivity is low – and labour hoarding in private sector services reduced the annual rate of productivity growth to a trough not seen since the economy entered recession in the early 1990s. Despite the Chancellor’s much stated policy aim to raise UK productivity, 2005 looks like ground zero.”