Saturday, 25 July 2015

Goof for the workers?

China and India are arguably the world's best performing economies over the last decade - both have seen large productivity gains.. Yet, China has managed to address poverty more effectively than India.

According to the World Bank, the rate of extreme poverty in Chinas declined from 84% in 1981 to just 12% in 2019.  The comparable decline in India during the same period was from 60 to 33%.

India's population have put great confidence in Prime Minister Modhi.  He has talked up good solutions - nut now is the time to execute. India's poor are relying on him to turn higher productivity into a fairer society.

What has this got to do with you?  Well, if you are improving your performance, you need to think about how the resulting rewards are shared - and the effects this has on the motivation and commitment of your workforce.

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