Improving management as a way to increase labour productivity

Upravlenie ◽  
2020 ◽  
Vol 8 (4) ◽  
pp. 24-30
Author(s):  
A. O. Ivanov
Keyword(s):  
Productivity Growth ◽  
Labour Productivity ◽  
Production Costs ◽  
Managerial Practices ◽  
Industrial Enterprises ◽  
Labour Productivity Growth ◽  
Period 2 ◽  
Main Factors ◽  
The Moment

The article gives an overview, performs analysis and classification of successful managerial practices applied at Russian industrial enterprises in the framework of the national project “Labour productivity and employment support”. The paper emphasizes the main factors of labour productivity growth as follows: investment policy, growth of human capital, and efficient use of managerial capital of enterprise. In order to determine the need of enterprises to increase labour productivity, the author proposes four universal criteria that signal the existing inefficiency even before the loss of competitiveness: 1) the dynamics of labour productivity in the company is not positive during a given period; 2) the company is behind competitors by labour productivity indicator; 3) the company is behind competitors by labour productivity growth rates indicator for a certain period; 4) unit production costs rise. These criteria allow you to take into account the situation both within the enterprise and in comparison with other enterprises. Each criteria can be considered separately or in combination with the others, applied to enterprises of different industries, specialization, and scale. Criteria indicate the direction of development in which the company is experiencing difficulties at the moment, or may experience them in the future.

scholarly journals Evaluation of Correlation between Labour Productivity and Wages in Individual Countries’ Economy

2020 ◽  
Vol 164 ◽  
pp. 11029
Author(s):  
Irina Bogatyreva ◽  
Larisa Ilyukhina
Keyword(s):  
Growth Rate ◽  
Real Time ◽  
Productivity Growth ◽  
Growth Rates ◽  
Production Efficiency ◽  
Labour Productivity ◽  
Digital Economy ◽  
Production Costs ◽  
Strategic Development ◽  
Labour Productivity Growth

The paper is concerned with the problems of evaluating and managing the correlation between labour productivity growth and wages as the most important elements of strategic development of economies in different world countries. A judicious correlation between the growth rate of labour productivity and wages affects the reduction of production costs, increase of profitability, and improvement of production efficiency. This explains the relevance of the study to evaluate interconnection between labour productivity and wages in the digital economy. The authors presented the research results of the dynamics of labour productivity and wages for individual countries in real time of 2014-2018, calculated indicators of the correlation between growth rates of average wages in the countries’ economy, described models, and developed the mechanism to manage the correlation between labour productivity and wages.

scholarly journals Information Modeling and Analysis of Labour Productivity Dynamics at Enterprises-Leaders

2021 ◽  
pp. 118-132
Author(s):  
P. A. Mikhnenko
Keyword(s):  
Productivity Growth ◽  
System Analysis ◽  
Labour Productivity ◽  
Mathematic Model ◽  
Information Modeling ◽  
Modeling And Analysis ◽  
Factors Affecting ◽  
Industrial Enterprises ◽  
Labour Productivity Growth ◽  
Productivity Dynamics

Serious growth in labour productivity is an essential task of Russian economy today, which was formulated in the national goals of the Russian Federation and the national project ‘Labour Productivity and Employment Support'. Current mathematic models and methods of analyzing the given problem cannot identify key factors affecting the capacity of the enterprise to provide a considerable growth in productivity in the short-term and medium-term perspective. The article puts forward a mathematic model for analyzing labour productivity dynamics, which was designed on the informational approach to system analysis. Specific features of the model are the use of the hypothesis theorem to get estimation of relative probability of achieving the target indicator and 2 variants of interpretation of probability to realize the situation factor. The research object is representative sample of industrial enterprises in Russia included in the top-100 leaders by labour productivity growth. The authors set and resolved the task to estimate relative steps of target information that determine the degree of conformity of an increase in key finance and economic parameters with attaining the goal, i.e. growth in labour productivity at the enterprise in 3-year perspective. As a result of modeling it was shown that the degree of relative expediency of high rates of proceed rise tend to decline as the ranges of labour productivity grow. At the same time the degree of relative of high rates of asset turn-over growth steps up in line with decreasing durability of operative cycle of the enterprise. In contrast to many works dealing with this problem it was shown that relative expediency of fundequipment at the enterprise is more noticeable for medium and high rates of labour productivity growth and extremely low in the record range. The obtained results demonstrate applied opportunities to use logic-mathematic tools of the information approach to analyze indicators of economic efficiency of business.

Productivity Growth, Structural Change and Informality: The Case of Russia

2015 ◽  
pp. 30-61 ◽  
Author(s):  
I. Voskoboynikov ◽  
V. Gimpelson
Keyword(s):  
Structural Change ◽  
Productivity Growth ◽  
Labour Productivity ◽  
Alternative Methods ◽  
Industry Effects ◽  
Labour Productivity Growth ◽  
Russian Economy ◽  
Negative Effect ◽  
Total Labour

This study considers the influence of structural change on aggregate labour productivity growth of the Russian economy. The term "structural change" refers to labour reallocation both between industries and between formal and informal segments within an industry. Using Russia KLEMS and official Rosstat data we decompose aggregate labour productivity growth into intra-industry (within) and between industry effects with four alternative methods of the shift-share analysis. All methods provide consistent results and demonstrate that total labour reallocation has been growth enhancing though the informality expansion has had a negative effect. As our study suggests, it is caused by growing variation in productivity levels across industries.

scholarly journals Services Sector in Lithuania: Labour Productivity as a Factor of Growth

Ekonomika ◽  
2008 ◽  
Vol 81 ◽  
Author(s):  
Jolanta Žemgulienė
Keyword(s):  
Growth Rate ◽  
Comparative Analysis ◽  
Productivity Growth ◽  
Labour Productivity ◽  
Value Added ◽  
Service Industries ◽  
Services Sector ◽  
Labour Productivity Growth ◽  
Empirical Regularities ◽  
The Relationship

This paper examines the tendencies of Lithuanian services sector’s value added and labour productivity during 1995-2006. Comparative analysis of the average annual labour productivity growth in manufacturing and service industries reveals arguments supporting the W. Baumol’s consideration that there can be sporadic productivity increases in nonprogressive sectors. During 1995-2000, labour productivity growth in services exceeded productivity growth in manufacturing. The paper offers an interpretation of the Verdoom law for empirical regularities of the relationship between the cross-sectorial labour productivity growth rate and the value added growth rate.

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