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PrintProductivity
What is productivity? A simple way to think of your business's productivity is in terms of:
- how much of a product you produce over a certain period of time
- how much of a product you sell over a certain period of time
- how quickly you perform a certain service
- how many customers you serve over a certain period of time
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While factors within your business, such as the quality of equipment, the management of materials flow, and general economic considerations (e.g., inflation or recession), can affect your business's profits, the extent to which your business realizes a profit from its activity depends largely upon the quality of your employees' performance. It's important to know how hard your employees are working and how much they are producing. One way to find out is through performance evaluations and productivity measurements.
To examine your productivity, you need to:
