Productivity at work is an essential factor if you want to boost your company’s profitability and competitiveness, but do you really know what it is and how to measure it?
Rock Content itor
Apr 13, 21 | 14 min read
productivity at work
Reading time: 11 minutes
Work efficiency is achiev with a handful of actions, not necessarily chronological, but fully understood by the entire work team. In fact, marketing would not be productive in itself if employees did not have clear goals or did not feel comfortable with the work environment.
Likewise, knowing how to measure it is a key factor to improve decision-making as we move forward, whether preventive or corrective.
For this reason, we have decid to create a complete guide on the subject. We will define productivity, explain how to measure it in relation to workers, their functions and the company with practical examples – including simple economic formulas – and finish with those key aspects to be more productive.
Did you think this was a good idea? Then let’s get start!
Productivity: what is it?
Types of productivity
Ultimately, how important is productivity at work?
These are the advantages of being more productive at work
How to measure productivity at work?
5 keys to being more productive
Productivity: what is it?
Before we discuss productivity at work, we must first understand the concept of “productivity” itself.
Its definition tells us that it is an economic list of niger consumer email measure that is responsible for calculating how many products and services have been produc by each factor that has been us — workers, capital, time, land, among others — during a given period.
Its purpose is to measure the production efficiency for each resource or factor us; it is understood that the process is efficient when the same quantity is produc with the least amount of resources possible.
In other words, the fewer resources requir to produce a specific quantity, the higher the productivity and therefore the greater the efficiency.
In this way, we will be able to answer the following questions:
How much does a worker produce per month?
How much does a machine produce?
The answer could be, for example, that a worker produces 60 units per month or 0.5 units per hour work. This result is what we call “productivity” in general terms, it is what we refer to when we evaluate whether or not we have labor productivity.
Types of productivity
Now, is there only labor productivity? Not at all! There are 3 types of productivity to consider:
1. Productivity at work
The production obtain and the amount of work employ are evaluat.
2. Total factor productivity
The production obtain is relat to all the factors involv in production: infrastructure, capital, labor and technology.
3. Marginal productivity
This is the extra production that we get with an additional unit of a production factor, keeping the rest constant.
This is where the law of diminishing returns comes into play, which states that in any production process, if we add more units of a production factor without modifying the rest, production per unit will progressively decrease.
Ultimately, how important is productivity at work
When we talk about productivity at work, we are referring to how efficient the business production process is; an essential aspect in the final results.
Inde, learning how to measure it will help us optimize the company’s capital and detect anomalies such as absenteeism, presenteeism, and workers who do not perform their work correctly.
In addition, it is condition by several how to add fonts to your website factors such as the flexibility offer, working conditions, work environment, team leader, among many others.
Having the results at hand will allow us to study the situation in depth and, in this way, improve decision-making, avoiding the least amount of losses – we will talk about this later!
Increasing productivity at work is essential because it improves the quality of life in society, influencing salaries and the profitability of projects, which also increases employment and investment.
Whether for a country, company or industry, it represents a determining factor in economic development. When estimating the long-term growth curve of a country, it is divid into two main components:
employment changes , which in turn depend on population growth and the employment rate;
and productivity ; it depends above all aleart news on spending on capital goods and productive factors.
An analysis of the most productive requires: