"Our goal with starting a foundation is to study interventions that have the potential to impact worker welfare while also promoting the growth of firms," Adhvaryu said in a statement. "We incubate new ideas and serve as a platform to disseminate findings from our research."
Job growth in India that accompanies output growth is anemic, although not absent. We need to focus on the process of creating jobs in which workers are more productive.
Training workers with soft skills like time and stress management, problem solving, communication and teamwork can have big impacts on the productivity of workers and company profits, says a University of Michigan researcher Achyuta Adhvaryu, assistant professor of business economics and public policy at Michigan's Ross School of Business.
Businesses in developing countries are characterized by low labour productivity. This suppressed productivity is reflected in the remuneration workers receive.
Through our experiment, we want to see how training and employing a woman does not just generate additional income but has spillover effects on her family and community. Does it change a woman’s time-use pattern and alter the gendered nature of household tasks?
In an exclusive interview with BW Businessworld, the three co-founders of Good Business Lab, Achyuta Adhvaryu: Assistant Professor of Business Economics and Public Policy, University of Michigan, Anant Nyshadham: Assistant Professor of Economics, Boston College and Anant Ahuja: Head of Organizational Development, Shahi Exports discuss the research of Good Business Lab and why it is wise for firms to invest in its workers’ welfare.
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In a randomized controlled trial in India, the returns to a firm’s investment in worker soft skill training were nearly 250% after nine months.
There’s a lot of talk about soft skills and how they might help boost productivity and earnings. Into this literature comes a neat new paper by Achyuta Adhvaryu, Namrata Kala, and Anant Nyshadham.
For many low-wage workers in India, basic skills training can be the difference between economic empowerment and persistent poverty.
In 2014, Dolly Kumari, then 19, left her home in Jharkhand, to a new job as a tailor at a garment factory in Bengaluru. Today, Kumari is one of two assistant line supervisors on the factory floor, overseeing the work of 119 tailors.
How can we increase output per worker in countries like India and China where it is particularly low? Anant Nyshadham discusses one way to do so: by improving the physical work environment.