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September 14, 2016

Online calculator helps companies compute productivity performance

A new online calculator to help companies compute their productivity performance was launched by the Singapore Business Federation (SBF).

The Holistic Industry Productivity Scorecard (HIPS) Calculator allows companies to enter nine key financial figures such as labour cost, operating profit and fixed assets. Through a three-step process, the HIPS calculator will present data on 10 productivity indicators. This illustrates the company’s holistic productivity performance and compares year-on-year performance with benchmarks against industry peers.

After obtaining their scorecards, companies can enrol in a one-to-one diagnostic programme to help them better understand their scores and how they can improve.

The calculator and the scorecard can be accessed via the HIPS portal and is free for companies to use. SBF hopes to have 30,000 small- and medium-sized enterprises on board this calculator by 2020.

hips-calculator

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