Adecco Outsourcing has released the IV Barometer on productivity and efficiency in Spain, a study that evaluates business performance through a survey of over 2,000 directors, managers, and middle management. This analysis, carried out for the fourth consecutive year, aims to promote greater awareness of productivity and continuous improvement in companies to strengthen their competitiveness.
The report reveals that Spain has achieved a score of 56.3 on a scale of 0 to 100 in terms of productivity and efficiency, representing an increase of 6.9 points compared to the previous year. Factors highlighted for improving productivity include the work environment, digitization, and employee training.
Raul Cortes, commercial director of Adecco Outsourcing, emphasizes that productivity cannot be considered in isolation, as it is influenced by various variables. He points out that sectors such as IT, Audiovisual, Food, and Transportation stand out for their efficiency, while areas such as Hospitality and Administration face structural challenges that require specific attention.
Furthermore, the barometer highlights the connection between talent management and productivity. Cortes warns that companies that prioritize cost reduction over long-term talent development tend to experience problems such as high turnover and decreased work quality, negatively impacting productivity.
Javier Blasco, director of The Adecco Group Institute, adds that despite expectations of moderate GDP growth, labor productivity in Spain remains below the European average. The report emphasizes the need for a comprehensive approach that not only focuses on the quantity of work, but also on its quality and efficiency. According to Blasco, an economic model that integrates innovation, digitization, and continuous training is essential for improving competitiveness.
Regarding company size, the study indicates that larger companies have higher productivity scores. Companies with fewer than 10 employees show less sensitivity to this indicator, while those with between 250 and 1,000 workers stand out with 61.2 points.
The impact of digitization and artificial intelligence on productivity is also mentioned as a key element of the study. 69% of respondents believe that digitization has improved their companies’ productivity, although 22% believe that there has been no significant impact.
In terms of sectors, IT and Audiovisual top the productivity list with 62.5 points, followed by Food and Transportation. Conversely, Hospitality faces greater challenges, registering only 53.6 points.
The work environment is presented as a crucial factor in productivity, as over half of the surveyed companies conduct studies on this aspect, reflecting a growing concern for maintaining a healthy work environment.
Lastly, the barometer indicates that 70% of respondents state that their companies have a variable pay system linked to productivity. However, it is acknowledged that there is still a long way to go for companies of all sizes to adopt these policies more widely.
To close the productivity gap compared to other advanced countries, it is suggested that public policies focus on productive investments, improving human capital, and digitization, all while promoting the well-being of the workforce.
via: MiMub in Spanish
