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Subject: Labor Productivity ×

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    The degree of an industry's work-from-home arrangement and its effect on industrial gross value added and labor productivity
    (2020-12) Cuenco, Juan Gabriel L.; Fontanilla, Kyle Marcus J.; Epetia, Ma. Christina F.
    Due to the Coronavirus (COVID-19) pandemic, the government has introduced social distancing policies to prevent the spread of the said virus. While it helps prevent further infection, it has affected the economy to the point of a recession. Social distancing has limited the work people are allowed to do because some industries have occupations that require face-to-face interaction and general physical activities. As a result, industries are adopting a work-from-home (WFH) set-up. However, there are some industries that have a higher tendency to have a WFH set-up compared to others. The researchers used industry level data provided by Dingel and Neiman [2020] to determine the share of jobs which can be conducted at home per industry then assigned a high or low degree of WFH for each industry based on the share of jobs. Data on industries’ economic performance, namely growth of labor productivity and gross value added, were used to measure how industries performed during the pandemic. These data were separated using time period dummy variables which distinguish pandemic period data of an industry from pre-pandemic data. Through panel regression analysis, the researchers studied how the economic performance of industries with a high degree has fared during the pandemic period compared to industries with a low degree of WFH. The results showed that although overall economic performance decreased during the pandemic period, a high degree of WFH has helped mitigate the negative effects of the pandemic on the growth of labor productivity and gross value added.
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    Improving labor productivity through performance-based incentive programs: a case study of PLDT
    (1994-03) Sacay, Ma. Cecilia D.; Ching, Panfila S.
    This paper is written in support of the assertion that incentive pay systems is a strategic action taken by firms as a means of adopting to an ever changing economic environment in order to ensure corporate profitability. Linking the means to the end is the effectiveness of incentive schemes in promoting a perception of harmony of interests between employer and employees fostering an improvement in labor-management relations. This is useful in inducing cooperative effort which translates to greater labor productivity. Based on productivity measures and financial performance ratios, PLDT's incentive program can be considered succesful in improving labor productivity and company profitability. This conclusion can be explained by the interrelated internal and external factors that influence the efficacy of the incentive scheme.