Increase Productivity to Maximize Profits

According to recent statistics released by Deutsche Bank1, Singapore’s productivity has grown by an average of 0.4% every year since 2011, well below the government’s target of 2-3% growth per year. This figure compares poorly with the average productivity growth of 2.1% a year in the past decade. 

In the face of escalating labour costs, what can businesses do to stay competitive and raise productivity 

1 - Source: http://www.hrmasia.com/content/singapore-faces-lower-productivity-growth

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