Firms in the United States are targeting 4.9 percentgrowth in 2011, and a new study from Hay Group finds they're goingto demand an increase in work force productivity to meet thatgoal.
The study, released Tuesday, reports global growth goals inmost cases, outstrip International Monetary Fund (IMF) localeconomic forecasts for GDP growth. The U.S. growth target is wellabove the U.S. economic growth forecast of 2.8 percent reported inthe latest figures released by the IMF.
“U.S. business leaders face a significant challenge as they workto achieve aggressive growth targets with a workforce that isalready stretched thin,” said Katie Lemaire, vice president at HayGroup. “To fully harness the power of their employees, executivesneed to take a fresh look at how performance is really managed toensure people are enabled to drive organizational performance.”
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