Productivity 'boosted by using latest technology'
Firms in Northern Ireland should make use of technology and all possible sources of funding in order to boost productivity, a firm of business advisers has said.
Northern Ireland has lower levels of productivity than Britain, with the Office for National Statistics putting Northern Ireland's productivity at around 82% of the UK average.
And stagnating productivity among Northern Ireland's workers had also widened the gap between workers on this side of the border and their more productive counterparts in the Republic.
RSM McClure Watters said the growth in the National Minimum Wage to £9 per hour for over-25s would also put pressure on employers to address productivity problems.
Clare Galloway, business development manager at RSM McClure Watters, said firms had held back from buying new machinery and investing in innovation during the recession. "There is now a broad range of tech-based software solutions which can address these productivity issues and we are keen to advise local companies to find the best solution for their requirements."
Real-time cloud accounting software such as Xero and Receipt Bank would both help productivity, she said.