Recently there have been a few reports that productivity growth in the United States is going to fall off a cliff as the Baby Boomers get older and slower. But for now, you guys seem to be working like dogs.
It’s an interesting dynamic in this economy. While so many economic indicators have been heading south, productivity has been on the rise.
According to the Bureau of Labor Statistics, productivity climbed at the highest percentage rate in nearly 40 years from 2007 through 2010, the worst of the Great Recession. Basically, you guys are working harder with fewer people, and it turns out, your employer thinks you’re OK with it.
A survey by CareerBuilder released last month found that:
35 percent of employers reported that their current staffs are smaller than pre-recession levels. Of those employers, most anticipate no adjustments to staff levels in 2011, with 57 percent reporting that they have become accustomed to handling the workload with less headcount.
The survey didn’t ask if employees were handling the workload well, but it did ask if they were thinking about a new job.
* 15 percent of full-time, employed workers are actively seeking a new job.
* 75 percent reported that, although they are not actively looking, they would change jobs in 2011 for the right opportunity.
Maybe you’re not that accustomed to it after all.
Here’s a podcast of an interview I did with NPR’s Talk of the Nation a while back that looks at the phenomenon of rising worker productivity:
While recent reports make dire predictions for productivity gains, for right now you all seem to be kicking it at work.
Is it time to tell your boss you’re tired of workhorsing? That may make management at least start thinking about hiring.