The Work Foundation has called for the Government to adopt a new business-led approach to measuring productivity and performance in the private and public sectors. The call results from a year-long study into high performance working and productivity by the Foundation’s Work and Enterprise Panel of Inquiry. This was a business-led initiative run in partnership with six companies, Tesco, Lloyds TSB, AstraZeneca, Microsoft, Eversheds and Manpower, and the public sector trade union Unison.The Panel claims that its findings show that traditional measures of productivity are meaningless. It has developed a new productivity model, the High Performance Index, that links what an organization does to how it performs. The Index defines and measures core areas of business and can be used to track productivity performance. The areas include customers, governance systems; stakeholders; human resource practices; and creativity and innovation management.
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