Enhancing Productivity

Enabling better working lives.

Prepared by HSM Advisory
New productivity challenges are emerging …
Productivity is 24% lower than it would have been if pre-
financial crash trends continued (LSE, 2023).

Maintaining productivity is no
With productivity growth slowing down, more pressure is being placed
longer about brushing up on
on employees;
knowledge – it is about setting
time aside to make fundamental
68% of employees struggle to keep up with the pace of investments in re-learning and
work (Microsoft, 2024). re-skilling.

As employees struggle, efforts in integrating existing solutions have also - Professor Lynda Gratton, CEO
been ineffective; and Founder of HSM Advisory

3%-5% of employees are responsible for 20%-35% of

the team’s value added (Johnson, 2021).

FoW by HSM Enhancing Productivity

… meaning organisations need to adapt accordingly
Organisations are facing three key struggles in enabling productivity, which require an intentional response

Flawed productivity metrics. Expand your view on metrics to shift away from
Only 15% of employees report that productivity measures quantitative measures to a more holistic, qualitative
improve their efficiency (Burton & Confino, 2023). view.

Lack of visibility from changing ways of work. Bridge the perception gap by upskilling managers to
This has led to 85% of managers not trusting their remote focus on employees’ output rather than their input.
employees’ productivity (Microsoft, 2022).

Confusion on how to deliver productivity. Understand the key drivers of productivity by co-creating
For instance, 46% of respondents have little to no clarity initiatives that provide clarity and tackle your
on how to create value for their organisation (McKinsey, productivity concerns.
2023)

FoW by HSM Enhancing Productivity

Be part of the conversation
We will be exploring how to drive productivity and sustainable high-performance...

FoW by HSM Research Join us and Professor Lynda Gratton

as we explore the intricacies of
We will be: productivity in our upcoming
Engaging with industry leaders to observe webinar: Redefining Productivity on
productivity across different workplaces.
July 18th , 2024.
Creating valuable insights through our in-
depth research.
Generating effective solutions for our Register using the QR code below.
clients.

Contact one of our experts to get involved:

- Dr Anna Gurun Anna.Gurun@hsm-advisory.com

Associate Director +44 (0) 20 8194 4723

HSM Advisory Ltd., Ground hsm-advisory.com © HSM Advisory Ltd., 2024. All rights
Floor West reserved.
62-65 Chandos Place
London WC2N 4HG
References

1. LSE, (2023). Chronic under-investment has led to productivity slowdown in the UK. Chronic under-investment has led to productivity slowdown in the UK (lse.ac.uk)

2. Microsoft, (2024). 2024 Work Trend Index Annual Report. 2024_Work_Trend_Index_Annual_Report (z01.azurefd.net)

3. Johnson, (2021). The Science of Teamwork. The Science of Teamwork - Sara S. Johnson, 2021 (sagepub.com)

4. Burton & Confino, (2023). How much time employees say they waste trying to look busy. How much time employees waste on performative work | Fortune

5. Microsoft, (2022). Hybrid Work Is Just Work. Are We Doing It Wrong? Hybrid Work Is Just Work. Are We Doing It Wrong? (microsoft.com)

6. McKinsey, (2023). The State of Organisations 2023. The State of Organizations 2023 (theguineagroup.com.au)

FoW by HSM Enhancing Productivity