BS8- Productivity

Question 1

How do you calculate productivity in its simplest form?

Answer 1

A measure output per employee in a Particular period of time.Productivity is a key indicator of employee performance.

Question 2

What is labour productivity?

Answer 2

real gross domestic product (GDP) per hour worked.

Question 3

Explain why labour productivity is important

Answer 3

It shows how productive the business actually is and if they are efficient or not

Question 4

List three ways a business can increase productivity

Answer 4

• Motivate the team
• set goals
• have incentives

Question 5

List three benefits of increased productivity to business

Answer 5

• It lowers costs per unit
• makes a better working environment
• grater revenue gain

Question 6

However, if units of labour are reduced, what could this lead to?

Answer 6

It will lead to higher revenues

Question 7

Measures of productivity can be counted in other ways. Can you identify them?

Answer 7

Labour turnover
Absenteeism
Lateness
Workforce performance