New Benchmark Tracks Productivity Expectations on a Continuing Basis
SEATTLE, WA (March 16, 2009) - In the ebb and flow of business, workforce productivity is always a high priority, and now there's a way to keep tabs on productivity forecasts among organizations. The Institute for Corporate Productivity (i4cp) has announced the launch of its "Productivity Confidence Index (PCI)" to regularly provide updates on productivity trends and projections.
The PCI is based on the degree to which companies believe employee productivity will rise, fall, or stay the same over the next six months. The scale runs from -100, which indicates that a company expects productivity to decrease to a very significant extent in the next six months, to +100, which indicates that a company expects productivity to increase to a very significant extent in the next six months.
"The U.S. and other governments track productivity that has already occurred, but the PCI is intended to gauge how confident companies are in their future productivity," said Jay Jamrog, i4cp's SVP of Research. "In our research, the index also helps discover links between reported confidence levels and specific corporate practices. Ultimately, the goal isn't only to track productivity confidence but to determine the underlying reasons for that confidence, or the lack thereof."
Starting with a current baseline score of 20.2 (which indicates a moderately positive level of confidence about future productivity), the index will be periodically updated on the i4cp Web site to reflect changes in workforce productivity confidence. i4cp is also tracking PCI by industry, organization size, and job function. In its baseline survey conducted in January, 2009, the Hospital, Healthcare, and Insurance industries came in with a high PCI score of 43.5 while Government lagged all sectors with a score of -25. When looking at job function, i4cp found that CEOs were the most optimistic, tabulating an average PCI score of 49.8 while Supervisors were less rosy, coming in with an average score of 12.2.
For more information on the Productivity Confidence Index, go to http://www.i4cp.com/pci
i4cp will be hosting a complimentary webinar to examine the results and findings during a webinar on April 2, 2009 at 1pm EDT. To register for the event, go to https://www2.gotomeeting.com/register/930334407 About i4cp, inc.
i4cp is the world's largest vendor-free network of corporations focused on improving workforce productivity. Our vendor-free community facilitates innovation by giving our members - among the largest and most respected organizations in the world - access to:
- Peers to spark new ideas and prevent "reinventing the wheel,"
- Research to enable members to understand current practices and next practices,
- Tools to put ideas and research into action,
- Technology to enable members to easily access tailored information and execute workforce strategies.
With more than 40 years of experience and the industry's largest team of human capital analysts, i4cp is the definitive destination for organizations seeking innovative ways to improve workforce productivity. For more information, visit http://www.i4cp.com/