The prosperity of Europe - Kurki (Leila)Presentation Transcript
The Prosperity of Europe
Sustainable economic growth and a high employment rate by increasing productivity growth.
Ensures sound public finances and sustainable provision of social and health care services for an ageing population.
Promotes innovativeness and creates more quality jobs.
Traditional economic growth drivers
labour force growth,
investment in means of production,
rising education levels.
The creation of new elements capable of generating sustainable growth.
Key question :
How companies' productivity growth can be boosted in a way which supports employees' individual and collective resources whilst at the same time helping them to maintain their working ability and stay motivated to work in the face of changing conditions.
Ways of pursue productivity growth
The "quick profits" approach
- poses a danger to Europe's global competitiveness
- this is not enough, however, if employees are not motivated to work or there are shortcomings in the working environment which impair work performance
- key factors: speed, innovativeness, ability to change and involvement of staff in the process
- basic elements in sustainable productivity.
wider concept than simply measuring productivity or only analysing labour productivity
at company level productivity is an indicator of how successfully a company is able to combine various production factors to achieve the largest possible profit
covers not only the physical working environment but also the psycho-social working environment
efficiency, creativity and innovativeness.
is reflected in the ability to develop and renew product or service concepts so that they create added value for customers
the ability to continually improve operational and distribution processes together with staff and partners
An innovation: a tool, a piece of equipment, a machine, a combination of these, a service model, a new way of performing an old task, or a different solution to problems.
Capability to prepare for future risks
commitments to the ongoing development of know-how,
the well-being of staff is taking care of
employees take an active part in decision-making affecting the work they do
management is based on mutual recognition and cooperation
work quality is improved
efforts are made to boost productivity without lengthening working time or large increases in capital inputs
management is able to work in partnership with customers, the business network in the company's sector and research centres.
Anticipating changes and adapting quickly and flexibly to these changes.
Productivity growth achieved in this way is sustainable.
It influences economic growth:
by improving the long-term productivity of workplaces/companies
by boosting labour supply, as employees' opportunities and desire to stay longer in work increase.
Quality of work
is not only a matter of well being at workplace
is an economical component and factor of profitability, productivity and innovativeness
is an important asset in competition from skilled workforce.
Shortage of skilled labour
could limit the scope for productivity growth
a need to examine more closely what skills and knowledge will be required in tomorrow's workplace and plan lifelong learning tools accordingly
highly important are the skills of management and leadership
Could act as a new kind of stimulus to economic growth.
Resource inputs to research and technology development
are important but research results, technology and ICT does not simply change to new businesses or productivity.
It has to be put to good use in the workplaces.
Requires investments in organisation, people and product development.
Changes in operational models.
Organisations need new kind of smart incentives, including workers in the decision making.
Corporate culture that motivate people to play together.
Traditional economic growth drivers need to be supplemented by the creation of new elements capable of generating sustainable growth.
Sustainable productivity growth can best be fostered by promoting company and workplace practices and procedures which support and enhance workers' individual resources, workplace resources and innovation skills, and the advantages of new technology.
It is the European Union's task to actively support all Member States and companies in their efforts to increase sustainable productivity.
* A European index describing the quality of working life should be examined, created and implemented.
Commission should start further studies on the relationship between the quality of working life and productivity. A more in-depth analysis is needed of the factors which contribute to sustainable productivity.
It would be useful to give emphasis to workplace innovation and new kinds of professional skills and management practices in EU innovation and training initiatives.
Member States should implement programmes promoting the quality and productivity of work as part of their employment programmes and innovation policy.
The EESC’s Labour Market Observatory LMO
meetings on 12th of June and 9th of September
the concept of productivity and the quality of work, best practices and index matters
a report will be published in the end of this year.