Productivity Out-Performs Confidence, According To Latest Thames Valley Business Barometer
The latest report shows there continues to be a decrease in confidence in the region.
The Autumn 2019 Business Barometer, conducted between early October and November of 2019, reveals that 54% of business leaders in the Thames Valley feel that economic confidence has deteriorated in the last six months, compared to 63% in Spring 2019.
What is the Thames Valley Business Barometer?
As well as focusing on economic confidence, growth and employment intentions, the Autumn 2019 Business Barometer shares insight into productivity in the workplace.
Productivity has been a hotly debated topic in recent headlines, particularly as more companies adopt the four-day working week in a bid to boost focus and improve efficiency. According to the latest report, Thames Valley businesses’ productivity is out-performing confidence levels.
The Thames Valley Business Barometer Autumn 2019 report is now live. You can also request a hard-copy of the survey and return it to either of the following addresses:
Kevin Hunter, BDO LLP, Thames Tower, Station road, Reading, Berkshire, RG1 1LX
Paula Elliott, C8 Consulting, 200 Brook Drive, Reading, Berkshire, RG2 6UB
Second Half 2019 Barometer Results – Productivity in the workplace within the Thames Valley
The Autumn Thames Valley Business Barometer report published January 2020 revealed business confidence is at its lowest level since the Barometer Survey began with 54% of respondents feeling that economic confidence has deteriorated in the last six months, compared to 63% in Spring 2019.
The latest report has also identified that pipelines are on the downturn with only 72% of respondents stating that their new business pipeline/order book had either remained the same or increased over the last six months, the lowest figure since the survey began.
The Autumn Business Barometer took place between October and November 2019 also looked at productivity in the workplace to identify a local perspective of business efficiency and how business leaders in the Thames Valley rate their productivity levels.
The report shows high productivity levels in the region, with 65% of businesses scoring their productivity between six and eight out of ten and 24% of businesses scoring themselves eight or above.
In addition, the research also outlined two clear hindrances to productivity in Thames Valley, internal processes and excessive workload, with 63% of respondents stating one of these two reasons as the main hindrance to productivity.
The majority of businesses (51%) identified operational efficiency as a key area for improvement towards productivity, followed by sales and marketing (31%) and recruitment of qualified/specialist staff (25%). Only 3% of businesses identified raising finance as an area for improvement.
Over 100 businesses across the Thames Valley took part in the latest Autumn 2019 Business Barometer survey. Local businesses Contexta360, Tax Automation, Clearvision, ESP Global Services and Virgin Experience Days are also profiled in the report, sharing their perspectives on their own performance and ideas on productivity in the workplace.
View previous editions of the report:
- Productivity Out-Performs Confidence – January 2020
- The Changing Dynamics of Wellbeing in the Workplace – July 2019
- Cybersecurity Trends – January 2019
- Environmental Practices in the Workplace – August 2018
- The Changing Workplace – January 2018
- Data Protection and GDPR – July 2017
- Leaving the EU – January 2017
- Diversity in the Workplace – June 2016
- Skills Education and Recruitment – April 2016
- Flexible Working in the Thames Valley – December 2015
- Recruitment and Retention in the Thames Valley – June 2015
- Doing Business in the Thames Valley – December 2014
- Going to Market Strategies – June 2014
- Innovation and Performance – December 2013
- Financing the Business and Funding Growth – April 2013
Thames Valley Business
Barometer Panel Members
- Activate Learning
- Boyes Turner
- BtL Communication
- Carbon Black
- CH&Co Convatec
- Diamond Light Source
- Henley Business School
- Hewland Engineering
- Hicks Baker
- HR Wallingford
- Integris Financial Recruitment
- International Brand Development Council
- J Bennett & Sons
- Medical Supermarket
- Morgan Lovell
- Ocean Consulting
- Oxford Space Systems
- Oxfordshire LEP
- Pitmans LLP
- Snaffling Pig
- Stoke Park
- Thames Valley Science Park
- The Business Magazine
- The Romans Group
- UK Property Forum
- UTC Reading