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Productivity
Not only can Wales offer highly skilled people but also productive, loyal and committed people.
- Manufacturing productivity is 8.6% above the UK average
- Wales’ Unit Labour Cost (ULC) in manufacturing - the combination productivity and wages - is the lowest in the UK.
- Wales has one of the EU’s highest staff retention rates, with only 3% annual turnover in some sectors.
- In the contact centre sector, notorious for attrition problems, Wales has the highest retention rates in the UK by a considerable margin.
- Time lost through industrial disputes in 2004 averaged 28 days per 1,000 employees against a UK average of 34 days.
