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Companies with greater digitalization are more productive and have better salaries

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

In the 2024 edition of the “State of the Nation on Education, Employment and Skills in Portugal”, the organization, founded and led by the former president of Farfetch, concluded that it is “notorious that the average productivity increases with the level of digitalization”, and “in relation to a company with a ‘Low’ level of digitalization, companies with a ‘Medium’ level present an annual productivity of 23, 8% higher (4,894 euros more).

High level companies have 43% higher productivity (plus 8,825 euros) compared to companies with a ‘Low’ level, and 19% higher (plus 3,931 euros) than companies with a ‘Má level’ digitalization level. ©hate'”.

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

Furthermore, average remuneration also increases with the level of digitalization, “even among companies with similar productivity”, he highlighted.

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

Workers in ‘High’ level companies earn, on average, a salary that is 34% higher (plus 3,120 euros per year) compared to those at ‘Low’ level and 14.9% higher (plus 1,597 euros ) compared to those in companies with a ‘Medium’ level”, he highlighted.

The study’s conclusions also point out that “between 2019 and 2023, employment levels and participation in the Portuguese labor market recovered the growth trajectory prior to the pandemic”, reads a statement, with the conclusions of the work .

In 2023, according to the conclusions, “the employed population was 4.9 million, compared to 4.8 million in 2019 and 4.6 million in 2020”.

During this period, “the labor market recovered and became more qualified”, with the changes linked above all to the “growth in the weight of sectors that are more intensive in knowledge and technology, 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 warned 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 a high exposure to AI and whose tasks can be replaced by AI is higher”.

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Francesco Giganti

Journalist, social media, blogger and pop culture obsessive in newshubpro

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