Productivity better in bigger companies


Vauxhall production lineMould copyright Getty Images

Productivity is better in bigger firms, correspondence to analysis from the Office for National Statistics (ONS).

The ONS found that com nies with numerous than 50 employees had significantly higher output per worker than smaller firms between 2008 and 2014.

It also create that only the biggest com nies – those employing more than 250 wage-earners – still have lower productivity than they did in 2008.

Low productivity has been rtly condemned for the low wage growth since 2008.

Se rate reports from the ONS have divulged UK productivity is lagging considerably behind the other industrialised countries in the G7.

The interpretation only covered non-financial businesses, which account for about two thirds of the UK briefness.

Firms with fewer than 10 workers have digged the fastest productivity growth since 2009.

The ONS said the relatively fast spread among the smallest businesses may be due to, “changes to working tterns and practices or as a consequence of some unproductive resolves ceasing trading, sometimes referred to as the ‘cleansing’ effect of a downturn”.

Cast copyright ONS

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