The CIPD examines the state of innovation in the UK and its connection with productivity to inform policy-making and investment
Aimed at informing policy-making and government investment, this report makes the case for an updated innovation strategy with a much stronger focus on boosting innovation adoption across the economy while continuing to support the country’s strengths in ‘cutting-edge’ R&D and science-based innovation.
Innovation is about new and better ways of doing things. All the richest economies have seen a productivity slowdown since the financial crisis, thought to be due primarily to weakness in diffusing innovation. However, the extent of that slowdown has been greatest in the UK. There is significant potential to increase productivity in all industries if more low-productivity firms could be brought towards the average. Policies to support innovation adoption are key to unlocking these gains.
The UK needs an innovation strategy alongside an industrial strategy that cater for the needs of the 'everyday economy'. Stronger partnerships between employers and employees should also be encouraged to enhance working practices within sectors. For full details of our policy recommendations, download the report in the link below.
In this blog, Lisa Hogan, Membership Development and Communications Manager at the CIPD in Ireland, looks at some of the most important questions organisations should be asking about performance, productivity, trust and wellbeing. She explains how the themes explored at the CIPD in Ireland Thrive Conference can help organisations build the conditions for lasting success.
Dedicated analysis of job quality and its impact on organisations and working lives in Scotland
Stay up to date with the latest pay intentions among employers in the UK, with data analysis from the CIPD's Labour Market Outlook report. CIPD members can also download the data for use in your internal organisational benchmarking, discussions, and business cases.
Dedicated analysis of job quality and its impact on organisations and working lives in Scotland
Read our latest Labour Market Outlook report for analysis on employers’ recruitment, redundancy and pay intentions
An annual benchmark of job quality in the UK, providing data and evidence-based insight on how to improve work and working lives
Insights, benchmarking data and recommendations from the CIPD's latest survey on employee benefits