Be the Business – the campaign organisation formed to tackle the UK’s longstanding productivity challenge – is calling on UK manufacturers to get match fit for Brexit following ONS figures which show the UK’s continued flat-lining productivity crisis.
Wales, the West Midlands and London are doing their best to buck the trend but Yorkshire and the Humber, the East, North East and North West areas have seen significant decline in their manufacturing productivity, all registering major downturns in the ONS Q2 data.
These figures are compounded by the latest ONS flash estimate showing UK productivity fell by 0.4% in Q3 2018 compared to the previous quarter across all sectors. Productivity grew annually by only 0.1% in Q3 2018 compared to the same period in 2017, significantly below the UK’s historical average.
Commenting on these ONS productivity figures, Tony Danker, Chief Executive of Be the Business, said:
“The UK’s productivity problem has never been sharper. If we persist with productivity growth this poor, we will struggle to compete post-Brexit.
“Given the continued strength of the labour market, recruiting for growth is no longer a viable strategy. Every business leader around the country now needs to invest in making the most of the talent they have.
“Our growth is patchy, across both regions and sectors. There needs to be a real step up in management of people, business operations and tech adoption to ensure every region and sector can participate in our nation’s long-term success.”
BetheBusiness.com is a digital hub of ideas, resources and practical solutions. There are benchmarking and diagnostic tools which business leaders can utilise to find bespoke solutions for their companies.
Businesses can start their transformation by asking:
- Does your business have a meaningful vision and set of values?
- Do you have a clear process for measuring staff performance?
- Do you conduct regular employee surveys to get ideas on areas of improvement from your staff?
- Have you adopted basic technology such as cloud computing?
BetheBusiness.com also has opportunities for business networking and mentoring.
Tony Danker summed up:
“These are challenging times for businesses of all sizes and across all sectors but we challenge business owners and managers to do everything they can to improve their productivity, and we are here to support them.”