In today’s fiercely competitive global marketplace, productivity is vital for business survival. Businesses with higher productivity levels and lower costs per unit of output are more competitive in both domestic and international markets.
Productivity is also crucial for wider economic prosperity. A country with higher productivity usually has more export potential, job creation, and sustainable growth.
Northern Ireland lags behind the UK and the Republic of Ireland’s productivity levels. According to the Productivity Institute’s ‘NI Productivity 2040’ insights paper, the failure to