Productivity Improvement Act of 1981

Productivity Improvement Act of 1981 - Establishes a National Productivity Council. Directs the Council to: (1) develop, annually revise, and direct the implementation of a comprehensive National Productivity Improvement Plan which identifies the impact of, and unnecessary obstacles created by, Federal activities, policies, and expenditures on productivity growth in the private sector, and makes recommendations concerning Federal activities to improve productivity growth; (2) obtain the support of the private sector in implementing the Plan; (3) serve as a liaison between the Government and organizations involved in improving productivity; (4) create national and regional productivity centers necessary for improving productivity; and (5) monitoring activities of other countries designed to improve productivity.

Directs the Council to report to the President and Congress annually concerning the current Plan and recent revisions.

Creates an advisory board to the Council.

Authorizes appropriations.