Industry And Cluster | News & Insights

Productivity in India not at par with global standard,says survey.

Published: March 13, 2020
Author: TEXTILE VALUE CHAIN

Despite India having one of the largest and cheapest workforces, the productivity isn’t yet at par with the rest of the world, says a study by Kronos in association with the Society for Human Resource Management (SHRM). The ‘Future of Work – Trends at Work and Workplace’ study highlights employer sentiments on the trends that will impact the future of work, enabled by disruptive technologies. The study purports to identify the leading elements impacting the workforce, and its immediate ramifications for organizations. At various levels, productivity impacts the cost of goods and services and improving productivity could have a significant impact on India as a global player. In order to improve operational efficiencies, organizations are looking at automating critical areas around planning like manpower forecasting, 24×7 operations, skill-based staffing and incentive computation

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