“New Zealanders are working harder rather than smarter, this makes improving living standards even more difficult,” says Commission Chair Dr Ganesh Nana.
“Poor productivity results in higher prices for everyday items which can impose a larger burden on those with low incomes.”
Productivity matters. How productive we are as a country and as a region impacts our daily lives and overall wellbeing – from how much we get paid to the quality of healthcare available.
Yet, New Zealand’s productivity record is poor. A recent publication released by the New Zealand Productivity Commission reveals that New Zealanders work longer hours: 34.2 hours per week compared with 31.9 hours per week in other OECD countries. And New Zealanders produce less: $68 of output per hour, compared with $85 of output per hour in other OECD countries.
“Innovation is the key to unlocking New Zealand’s productivity. There are only so many hours in the day that people can work, so creating new technology and adopting new and better ways of working is critical to achieving effective change.”
Join us, Dr Ganesh and some our of innovative local businesses on Friday 10th September to discover how your organisation can raise its productivity.