Last week, news surfaced that productivity—basically the amount of work per hour—increased at an annual rate of 6.6 percent during the second quarter. That’s the best performance since the summer 2003 and easily exceeded the 6.4 percent gain economists expected, according to the Labor Department.
So what does that really mean? Are workers being asked to do more in less time? If so, how is workplace training playing a part in this productivity?
Are the workers who are remaining on the jobsite the older, more experienced group or are those workers left behind during a RIF being upskilled quickly to meet the demands of the organization?