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Productivity Definition and Explanation PDF Download

Learn Productivity definition in hrm with explanation to study “What is Productivity”. Study productivity explanation with HRM terms to review HRM course for online MBA programs.

Productivity Definition:

  • Measure of the quantity and quality of work done, considering the cost of the resources used.

    Human Resource Management by Robert L. Mathis, John H. Jackson

Productivity Explanation:

Productivity alludes to the pace of yield per unit of work, capital or hardware (input). We can gauge it in various ways. We can gauge the profitability of a manufacturing plant as indicated by to what extent it takes to create a particular decent. In the administrations area, then again, where units of products don't exist, it is more earnestly to quantify. Some administration organizations base their estimation on how much income every laborer creates. They at that point isolate that sum by their pay. Profitability is a proportion of productivity of an individual finishing an errand. We frequently accept that efficiency means accomplishing more things every day. Wrong. Efficiency is completing significant things reliably.

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