Employee productivity can be measured through employee surveys, management evaluations and performance monitoring. Productivity tracking can also be done by following the gamification model originally designed for marketing, which can also be used in worker performance tracking.
To calculate production rate, use the following formula: (parts/hours produced) divided by (maximum parts/hours possible) multiplied by 100 percent. Production rate is a formula that determines how many items someone can produce during a specific time period. Someone may also use it to measure worke
According to the Bureau of Labor Statistics, labor productivity is a measure of the efficiency of the labor used in the production of goods for a nation or company. This is derived by dividing the value of the goods produced by the number of man hours needed to produce them. The result is shown as p
To find the markup of goods, the formula to use is selling price of product = product cost + markup. An example of this type of problem is when a retailer buys an item at $6 (cost) and sells it at $7.20. Using the formula and this information, students can calculate the markup and the markup percent
Typically, your employer will provide you with a total number or vacation hours per year. So if your employment contract states that you are eligible to earn 80 hours of vacation time, you will accrue 1.54 hours of vacation time each week you work. This is the total vacation time you are allowed to
Labor productivity is determined by dividing the output, or total amount of goods or services produced, by the number of workers. Labor productivity is used to measure worker efficiency.
There were 116,067,300 employees in the service industry sector, as of 2012, according to the Bureau of Labor Statistics. This number reflects an increase of approximately 7.5 million employees since 2002. The Bureau projects continuing growth in the following decade to just over 130 million service
The first step in the process of firing an employee is to give him sufficient warnings that he is failing to meet the company's expectations. Assess the employee's performance and if it does not improve accordingly, the company has sufficient grounds for his termination. Be brief and clear during th
A September 2011 article in the New York Times written by a professor at Harvard Business School and an independent researcher points out that job satisfaction of employees has a profound effect on productivity. When employees are dissatisfied, they become apathetic, and productivity plummets.
To motivate employees, make certain that they are adequately compensated financially. Recognize good performance, and provide clear and reasonable expectations. Foster open communication and provide opportunities for professional growth.