The Impact of Time on Productivity in the Digital Transformation of the Economy

Abstract

The paper is devoted to the study of labour productivity growth on the basis of labour hours management as a key resource of any company. Achieving the strategic goals that face the Russian economy requires the formation and implementation of new approaches to solve the problems of labour productivity growth. One of these approaches is effective time resource management. In this regard, the purpose of the study is to develop guidelines to improve productivity, taking into account the digital economy requirements on the basis of time resource management. Data collection monitoring and information study on the use of time resources in the surveyed enterprises, structure of labour hours costs and causes of losses allowed the authors to obtain reliable results of the study and to formulate reasonable conclusions. The authors developed a setup diagram of labour productivity increase due to the effective use of time resource. They determined the sequence of stages, specificated them, and established their relationship. The paper presents example of calculating possible productivity growth due to better use of working hours for one of the Samara enterprises and structures software products to account, analyse and evaluate the company’s time resource with their functionality description.