Global Power | Local Knowledge | Uniquely Personal

Workforce collaboration could provide a boost to Australian economy

Improved levels of collaboration in the workforce of the nation could see the economy improve.
An improved level of collaboration in the workforce of Australia could help to boost the nation's economy, a new report has suggested.

Employment has been a key focus in the economy in recent times, and the low level of interest rates has helped to see unemployment figures drop in the past few months.

However, a new report from Deloitte commissioned by Google Australia looked at the difference between individual working and collaborative tasks, and concluded that the latter saw productivity increase by 24.4 per cent and quality by 29.2 per cent.

The researchers said that this could potentially provide a boost of some $47 million to the economy thanks to a $22.6 billion boost to productivity and a $29.2 billion boost from improved quality.

Google Enterprise Australia and New Zealand managing director Kevin Ackhurst told Private Media said collaboration is something that new business does better than larger existing companies.

"Big companies can learn a lot from start-ups. Start-ups are built on ideas and energy, and collaboration allows that to flow around the whole company," he added. 

Posted by Ravin Chatlani

DISCLAIMER: All information provided is of a general nature only and does not take into account your personal financial circumstances or objectives. Before making a decision on the basis of this material, you need to consider, with or without the assistance of a financial adviser, whether the material is appropriate in light of your individual needs and circumstances. This information does not constitute a recommendation to invest in or take out any of the products or services provided by SMATS Services (Australia) Pty Ltd or Australasian Taxation Services Pty Ltd.

COPYRIGHT: All information provided is protected by international copyright laws. You may not copy, reproduce, distribute, publish, display, perform, modify, create derivative works, transmit, or in any way exploit any such content, nor may you distribute any part of this content over any network. Copying or storing any content is expressly prohibited without prior written permission of SMATS Group or the copyright holder identified in the individual content's copyright notice. For permission to use the content on please contact

Subscribe Now