According to RF national objectives, the country should leapfrog ahead to achieve new rates of labour efficiency. The search of such mechanisms was discussed at the Labour Efficiency as Mindset session held on the first day of Moscow Financial Forum.

LABOUR EFFICIENCY IMPROVEMENT MECHANISMS DISCUSSED AT MOSCOW FINANCIAL FORUM

Director of Labour Efficiency Improvement Center Ekaterina Grishina believes that labour efficiency should be brought to a new level using non-material instruments. “We have held a poll among 1700 leaders in various industries shorty before the session. When asked “What is the major driver of the employees’ labour efficiency?” 61% of respondents answered “Mindset and motivation”, she told.  

Vice President of the Russian Union of Industrialists and Entrepreneurs Maria Glukhova commented as follows: “It is not without reason that work with staff becomes of major importance. As we can see from practice, company leaders, including those of large companies operating in Russia, do not only think of the ways to improve labour efficiency but try to make it part of their corporate practice. We see that more than 2/3 of companies have already implemented their own labour efficiency programs, strategies and other approved documents. We have concluded from the polls that labour efficiency has been made part of the corporate policy as a complex task”.

In the second poll, “Which type of mindset helps enhance labour efficiency in a company?” 50% of the leaders selected “Personal commitment to the common goal”. 

General Director of Independent Non-Profit Organization “Federal Center of Labour Efficiency Competence” Nikolay Solomon stated that noninvolvement is the biggest problem in communicating and dealing with people, for there is no common interest. He also stressed that the main problem of our culture lies in basic motivation of economic nature. Many enterprises are not focused on making profit. Motivation drops, and nothing changes in a corporation. 

In the third poll, “Does your company have projects or initiatives aimed to improve labour efficiency or efficiency in general?” 89% of respondents answered positively.

According to the outcome of the session, the basic national objective still lies in making a quantum leap to achieve a 5% growth in labour efficiency rates by 2024 in the main non-resource economic sectors. Such ambitious purposes may be achieved only through generating a new business mindset, both among top management and frontline staff.

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