Normin is highest in labor productivity

 

THE National Statistics Office (NSO) released on Dec. 9 a report citing Northern Mindanao as the highest in labor productivity.  

Labor productivity is measured in the following categories: highest revenue per worker, value added per worker, average revenue per establishment and average profit per establishment.
The report was contained in the 2010 Annual Survey of Philippine Business and Industry, the results of which were released last Sunday.
According to the report, the following sectors registered double digit share in the total regional employment: wholesale and retail trade; transport, storage and communication; agriculture, hunting and fishery; public administration; and education.
Other sectors which contributed to Region 10 being highest in labor productivity are private households; real estate; renting and related business activity; fishing and construction; financial intermediation; other community, social and public service activities; mining; electricity, gas and water; and health and social work.
Labor productivity growth reflects either increased efficiency of workers minus inputs; or improvement in inputs such as physical, human and intermediate capital inputs which would lead to higher output produced per unit of labor.
NSO cited the Department of Labor and Employment (DOLE) 10’s Industrious, Systematic, Time-Conscious, Innovative, Strong Value for Work Productivity Awareness Program (Istiv) as the driving force behind the highest in labor productivity.
Istiv is a periodic seminar conducted to both employers and workers year-round.
Among the 16 regions in the Philippines, Northern Mindanao also ranks first in compliance of general labor standards as awarded earlier by the National Wages and Productivity Commission.
In Mindanao, Region 10 has the biggest employed population, reaching two million.
With that, Labor and Employment Secretary Rosalinda Baldoz congratulated DOLE-10 for reining in the highest in labor productivity.
“Labor productivity growth is a key indicator of regional competitiveness. It si an essential driver of change – in workers’ behaviour, in companies’ treatment of their workers and in the way enterprises conduct their businesses,” Baldoz said. “Regional living doncitions are raised by continued gains in labor productivity, along with increases in labor utilization.”


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