Accurately measuring employee productivity
Total Health Index (THI) research has provided Morneau Shepell with a framework for measuring employee productivity error, which defines the percentage of hours the average employee is fully engaged and productive. This information gives senior leaders a baseline for both the financial cost of lost time (for example, sick time, discretionary effort and presenteeism) and lost productivity opportunity. Even a three per cent increase in full-time equivalent (FTE) productivity can be positive for enhancing financial results.
Read more on Canadian HR Reporter.
Article by Bill Howatt, chief research and development officer of work force productivity with Morneau Shepell.