Labour Productivity Flashcards
1
Q
What is labour productivity?
A
Measures the average output for each employee
2
Q
Formula LP
A
Output / No. Workers
3
Q
Improving LP
A
- discuss how a business can improve its labour productivity
- measure performance and set targets
- streamline production process
- invest capital equipment
- invest in employee training
- make the workplace conductive to productive effort
4
Q
How to improve LP (5)
A
- increase investment in modern equipment
- better training of staff
- improve employee motivation
- improve leadership skills
- recruitment of better staff
