Employee Productivity

Employee Productivity The terms production and productivity are often utilize interchangeably. Productivity refers to the amount of goods and serve produced with the resources utilise. Productivity is measured with the benefactor of a formula which runs as follows: Productivity = Quantity of goods and services produced/ Amount of resources utilize As the equation indicates, there are cardinal variables, one the amount of production and the other the amount of resources used. then the production can be increased in several(prenominal) ways: * Increase the production using the same or a sm every(prenominal)er amount of resources. * Reduce the amount of resources used while keeping the same production or change magnitude it. * Allow the amount of resources used to increase as coherent as production increases more than. * Allow production to decrease as long as the amount of resources used decreases more. Whichever the method, productivity need to be improved as increased productivity contributes to the emulous advantage of an organization. When productivity increases, the company can pay higher(prenominal) remuneration to its employees without boosting inflation. Higher productivity does not hatch adding more inputs but using the resources better. Increased productivity does not mean working harder but working smarter.

Productivity benefits the whole economy, as well as contributing to the success of the organization. Any economy is made up of multiple organizations and if all organizations prosper because of increased productivity, economy itself tends to benefit. amount Productivity: Input in any production change comprise of Capital, labor, Materials and cypher. Productivity of each resource can be measured separately. Such measurement gives partial productivity. Productivity of all resources put together gives the overall Productivity. Partial Productivity= sidetrack in a given period/Labor used in that period Total Productivity= Output/labor+ Materials+ Energy used in that period In the partial... If you want to get a full essay, order it on our website: Ordercustompaper.com

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