Best UK, Australia, Canada,China, UAE Labour productivity Homework Help Online Services
Labour productivity also name by other name i.e. workforce productivity, may be defined as real economic output per labour hour. Progress in labour productivity is calculated by the change in economic output per labour hour over a specific period. It is mainly concerned about the amount of output that is received from every employee. Its helps in measuring business efficiency, and it is very useful for those business where the main process is based on labour intensive.
How labour productivity works?
A country labour productivity is a combination of labour resources, technological innovation, and capital investment. It can be calculated as
Labour productivity = Total output / Total Productive hours.
To measures the total output gross domestic product (GDP) is generally used.
Why labour productivity calculated?
To measure a country output efficiency, policymakers and economic analyst analyse a country labour productivity from time to time. Analyst belief that a rise in labour productivity will rise cost of living. To compare different countries productiveness among each other the help of labour productivity is taken.
Increase in labour productivity can be achieved?
Increase in labour productivity can be achieved with the increase in capital amount, physical and/or human, available to workers. And in long run to increase the labour productivity increase in the capital used in production.
Various factors which effect the labour productivity
• Overtime: -Work schedule extended beyond 8 hrs a days or 40 hrs a week decreases labour efficiency and workers output by poor mental attitude and physical fatigue.
• Attitude and moral: – Workers spirit based on cheerfulness, confidence, willingness, discipline, and confidence to perform tasks or work can be down due to variety of issues, including disputes, increased conflicts, overtime, excessive hazard, disruption of rhythm, over inspection, disputes, and multiple contract changes and so on.
• Fatigue: – Unusual or prolonged physical work can cause fatigue.
• Joint Occupancy: – When work area are shared by more than one.
• Logistics: – Material handling, procurement practices, owner furnished material, and lack of control can cause delivery problems or procurement.
• Concurrent operations: – Adding of any sequence with the planned sequences.
• Turnover and absenteeism: – Company invest huge amount towards labour which may result in loss in case of absenteeism or labour turnover. Certain projects which required more labour effects more loses in case of labour turnover. Working condition and weather sometime effects labour turnover.
• Mobilization or demobilization: – Moving of resources from one places or others effects or delays projects, ultimately it decreases the productivity.
• Errors and omissions: – Any increase in omissions or errors also effects labour productivity as sometimes they works on crash basis.
• Start or stop: – When sometime the ongoing projects stop for some reason and again restart which in result effect the flow of labour work. Rescheduling of work due to holidays or festival also effects labour efficiency.
• Crew size in-efficiency: – Rhythm is break when there is any alteration in crew size which effect labour efficiency.
Looking for best Labour Productivity Homework Help online ,please click here