The Productivity of US firms in 2007
The United States economy experienced the worst ever period of recession between 2007 and 2009, ever since the great depression. However, in spite of the deep decline in the economic value, the near-end of the financial structure, and the unparalleled international economic disorder, the United States’ productivity up-surged in 2007(Lazear, Shaw & Stanton, 2016). The productivity gain resulted from primary industries, including agriculture, computers, primary metals, as well as electronic goods. The productivity surge was recorded and reported despite the increase in the unemployment rate from the people that were employed in firms. However, the US government explained the loss of jobs as having resulted from a shortfall in demand and could be countered by stimulating the total demand (Lazear, Shaw & Stanton, 2016).
Steps that should be taken by Supervisors to Enhance Productivity
Avoiding the factors that kill productivity is the best way of dealing with productivity killers as it will help in avoiding them or prevent them from worsening. However, a proactive approach is also expected to suppress the aspects that dampen productivity. Motivation is one of the best ways of ensuring employees’ productivity as it ensures that the employees are working at their optimum levels. A good supervisor will also monitor the work surrounding in search of the factors that negatively impact employee motivation and eliminate them (Parker, Holesgrove, & Pathak, 2015). They could additionally set clear objectives and give feedback so that the workers are motivated as they will be aware of the goals they are expected to meet.
Steps that should be taken by Supervisors to Ensure Safety Performance
Supervisors are tasked with ensuring that the entire organization is secure and hence, have to incorporate measures that provide effective safety performance. It is required that the supervisors should be committed to achieving an adequate level of safety within the organization. The supervisors can make the employees accountable for safety by making them understand their role in ensuring safety within the firm and involving them in the safety improvement initiatives. The supervisors, therefore, must hold the workers accountable for engaging in unsafe acts or non-performance (Cooper, 2015). Supervisors could also comprehend, examine, and remove risks involved in technology, operations, and the entire facility.
References
Lazear, E. P., Shaw, K. L., & Stanton, C. (2016). Making do with less: working harder during recessions. Journal of Labor Economics, 34(S1), S333-S360.
Cooper, D. (2015). Effective safety leadership: Understanding types & styles that improve safety performance. Professional Safety, 60(02), 49-53.
Parker, D. W., Holesgrove, M., & Pathak, R. (2015). Improving productivity with self-organized teams and agile leadership. International Journal of Productivity and Performance Management, 64(1), 112-128.