PRODUCTIVITY is important for the Businesses as well as the People. It is simply a method to get what we want out of life. It gives us the tools and techniques to not only get the work done but to also get it done while making time for the things we had enjoy and value in life.
Work productively can emphasize our priorities and making sure they are getting the attention they deserve while eliminating all the unnecessary matters and focus on the important matters.
With productivity we can get much more that what we put in and it helps us to work more efficiently rather than just effectively. Productivity transform lives, relationship and business.
A crucial component in boosting productivity is the establishment of smart collaboration and partnership of all stakeholders. It is a vital medium to ensure success in creating innovation, enhancing R&D, boosting the commercialization rate and improving the productivity and competitiveness of companies.
Having a Productivity Mindset will help us to achieve our goals by optimizing all the resources required within the time frame.
National performance was boosted by the significant growth in domestic demand and steady global growth and trade, which has also resulted in the growth of Gross Domestic Product (GDP) at 4.7%. Further complemented by the stability in employment growth of 2.4%, a conducive financial condition and steady inflation, the country’s economic growth has been well sustained.
Malaysia experienced a positive labour productivity growth of 3.8% from 78,294 Ringgit in 2016 to 81,268 Ringgit in year 2017. Malaysia’s labour productivity is anticipated to expand between 3.0% and 4.0% in 2018.This performance is expected to benefit from the positive GDP growth, which is estimated to be between 5.5% and 6.0% in 2018.
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National Productivity at a Glance, 2018
Malaysia Labour Productivity Performance, 2015 – 2018
*Source: Productivity Report 2018/2019
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