Associated Press (02/08/13) Martin Crutsinger
The U.S. Department of Labor reports that worker productivity fell 2% in the fourth quarter, following a 3.2% gain in the third quarter, but rose 1% for all of 2012, versus a 0.7% increase in 2011. Labor costs edged up 4.5% in the fourth quarter and 0.7% for the year. Economists expect weak productivity through this year, noting that as the economy picks up steam and demand rises, companies will have to boost hiring to keep up.
New Webinar: CareerBuilder Staffing and Recruiting Talent Brief
As many as 75% of staffing and recruiting professionals say some of their currently existing talent acquisition and human capital management roles will be completely automated using technology over the next 10 years. Find out how this will impact your business.