Labor Productivity.

Q50. Write short notes about labor productivity.
Ans. It is same as Input-Output ratio. It measures the efficiency of individual worker. It is an index of efficiency and a sign of effectiveness in the utilization of men resources.
Labor productivity= Standard Time/ Actual Time

Factors for increasing labor productivity:

  • Employing trained and skilled workers.
  • ┬áPlacing a right type of man on the right job.
  • Train the new and old worker.
  • Job evaluation before placement of worker.

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