BU385 Lecture Notes - Lecture 10: Workforce Productivity, Total Factor Productivity
Document Summary
This is a measure of productive use of resources. Productivity growth = current period productivity previous. If productivity increased from 80 to 84, the growth rate would be: To measure productivity, it depends on the type of job performed. Square metres of carpet installed = square metres of carpet installed per labour hour. Number of offices cleaned = number of offices cleaned per shift. Units of output = units of output per hour of machine use. Determine the productivity: four workers installed 720 square metres of carpet in eight hours. = 22. 5 square metres/worker hour: a machine produced 68 usable pieces of a part in two hours. Calculations of inputs in a multifactor productivity measure use a common unit of measurement, such as dollars. Labour cost ($) + materials cost ($) + machine overhead ($) Input costs: labour ,000, materials , machine overhead.
