Cost of wages and lack of competence the greatest obstacles to productivity improvement
Thursday, May 21, 2015 - 12:00
in Health & Medicine
According to small and medium-sized enterprises, sizable social security and other wage-related costs still form the single greatest obstacle for improving productivity. Additionally, a lack of competence among supervisors was also seen as an obstacle for productivity. This information is from a newly published survey by the Lappeenranta University of Technology (LUT), which is a follow-up to a study on the obstacles that restrain the productivity of companies published in 1997. A total of 239 representatives from Finnish small and medium-sized enterprises responded to the new survey. The survey looked into both the external and internal obstacles for productivity improvement experienced by companies.