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Effective motivation, productivity can gain competitive edge for Lanka

Sri Lanka's future prospects in gaining a competitive edge over other economies will depend on how organizations manage and motivate people effectively and up productivity, Senior Minister for International Monetary Co-operation and Deputy Minister of Finance and Planning Dr. Sarath Amunugama told human resource professionals on Tuesday.


Senior Minister for International Monetary Co-operation and Deputy Minister of Finance and Planning Dr. Sarath Amunugama at the National HR Conference 2013 organised by the Institute of Personnel Management.

The minister addressing the National HR Conference 2013 organised by the Institute of Personnel Management said that with the emergence of the market economy the need to manage people effectively has become a priority to organizations. "With globalization, human activity has provided the competitive edge to business enterprises and to Nations such as ours," he said.

Addressing the two day conference which commenced on Tuesday, the minister who was the chief guest also noted that Sri Lanka's education system should change to better encompass skills related to employment needs. Minister Amunugama stressed the importance of increasing productivity and added that in this endeavour HR plays a vital role. "Now we have a large number of school leavers who are unemployable.

After school you have to train them all over to get them to acquire required skills related to employment. We can alleviate this gap if we can impart necessary skills at the school itself," he added.

The minister said creating a culture of productivity and achievement, of hard work and entrepreneurship was very important. Such efforts were needed to take the country into the 10per cent growth category, he added. While stating that Sri Lanka was emerging fast from a damaging conflict, Amunugama noted, countries which have emerged from such conflict can work hard, increase their productivity and become fast growing economies by reaping the benefits of the peace dividend.

Pointing out to China and India, which are now drive global growth, he noted that the one aspect to their success was the productivity factor which has given both countries a competitive edge over other economies.

He said any product coming out of Europe could be produced at a cheaper price in Asia, and as a result, those developed markets were losing business.

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