"The corporate brand is not only used to improve competitive
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Opinions and views from expert CFOZone members.
Tag >> productivity
The C-suite may be enjoying a compensation bumper crop, but the same can't said for everyone else. And that could be causing widespread employee preoccupation with money worries--and productivity losses.
In other words, if you have the feeling your employees are distracted, that's because they probably are. And they're worried about finances-their own, not the corporation's.
So, here is the upside to stubbornly high unemployment and slow job growth.
US labor productivity surged to 2.4 percent in 2009 and 2.8 percent in 2010, according to The Conference Board. This compares with just 0.8 percent in 2008.
We all know that obesity causes lots of health problems and, as a result, has substantial economic repercussions. Now a new study by the Society of Actuaries has put an eye-popping priced tag on the cost of overweight and obesity in the US and Canada. It's $300 billion a year, 90 percent of that in the US.
The study defines being overweight as having a BMI of between 25.0 and 29.9 and obesity as a BMI of more than 30. And it breaks down the economic costs according to specific causes. For example, the total cost of excess medical care is $127 billion; for economic loss of productivity caused by disability for active workers, it's $43 billion, and productivity loss from "excess mortality", $49 billion.
The JetBlue flight attendant who flipped out on the annoying passenger and then slid down the inflatable slide, beer in hand, has become something of a celebrity or folk hero on the internet, including Facebook, where several pages have been created devoted to the individual.
However, as many people enjoy their cathartic glee, employers besides airlines should be taking notice, especially on a day when The Labor Department reported an unexpectedly big drop in productivity in the second quarter and just days after yet another Chinese factory tried to commit suicide.
Now that we're all sobering up from our holiday eggnog, it's time to think more about the economic recovery that many of us expect to start to take hold this year.
I've already become convinced that it will largely be a jobless one.
That means managers will have to get more out of their existing workers if production is going to pick up.
Of course, what we're finding is that those that have survived layoffs still aren't that enthralled by their work. You can only recite the "at least I have a job" mantra so many times before it loses much of its motivational power.
Indeed, a report released Tuesday, based on a survey of 5,000 U.S. households conducted for The Conference Board by TNS, found only 45 percent of those surveyed say they are satisfied with their jobs, down from 61 percent in 1987, the first year in which the survey was conducted.
Offices are largely a modern phenomenon. And since an increasing number of people are finding themselves wrapped in their confines, it's understandable that we're exploring what they're doing to us.
Certainly now in the wake of (or the midst of, depending on whom you ask) the greatest economic collapse since the office became the standard workplace, we're taking its psychological impact even more seriously. France Telecom, for one, has had to struggle with more than 20 of its staffers taking their own lives within the past two years.