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Companies with greater digitalization are more productive and have better salaries, according to a study

Companies with greater digitalisation are more productive, 43% higher than those with less development in this area, and pay better salaries, with values ​​34% higher than their less digital counterparts, according to a study by the José Neves Foundation.

In the 2024 edition of the “State of the Nation on Education, Employment and Skills in Portugal”, the organisation, founded and led by the former president of Farfetch, concluded that “It is noted that average productivity increases with the level of digitalization”and “compared to a company with a ‘Low’ level of digitalization, companies with a ‘Medium’ level have an annual productivity 23.8% higher (plus 4,894 euros).”

High-level companies have “43% more productivity (more than 8,825 euros) compared to companies with a ‘Low’ level, and 19% higher (more than 3,931 euros) than companies with a ‘Medium’ level of digitalization.”

At the same time, according to the study, “comparing average annual wages and average labor productivity for the three levels of digitalization, it is concluded that, as expected, The higher the average productivity of companies, the higher the average remuneration paid to workers.“.

In addition, average remuneration also increases with the level of digitalisation, “even among companies with similar productivity”, he stressed.

Thus, compared to “an employee in a ‘Low’ level company, employees in ‘Medium’ level companies receive a monthly salary 16.6% higher (plus 1,523 euros per year).”

“Workers in ‘High’ level companies receive, on average, a salary 34% higher (more than 3,120 euros per year) than those in ‘Low’ level companies and 14.9% higher (more than 1,597 euros) than those in ‘Medium’ level companies,” he stressed.

The study’s conclusions also indicate that “between 2019 and 2023, Employment levels and labour market participation in Portugal have returned to their pre-pandemic growth trajectory.“, reads a statement with the conclusions of the work.

According to the findings, in 2023, “the employed population was 4.9 million, compared to 4.8 million in 2019 and 4.6 million in 2020.”

During this period, “the labour market recovered and became more qualified”, with changes mainly linked to “the growth in the weight of the most knowledge- and technology-intensive sectors, with qualified professions associated with management and ICT and associated with more administrative tasks, which have gained importance in employment in recent years”.

The study also warns that, in Portugal, “women and workers with higher levels of education are the groups in which AI [inteligência artificial] could have a greater impact,” and “in both cases, the percentage of workers who have high exposure to AI and whose tasks can be replaced by AI is higher.”

Source: Observadora

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