Employee productivity is a metric that is calculated based on the amount of output on a project versus the amount of time it takes. ... Measure employee productivity will show how efficient the employees are for a task or project. This metric itself can be used to determine if a project needs more or less workers.

The advantages of higher productivity

Higher productivity can lead to: (1) Lower average costs: These cost savings might be passed onto consumers in lower prices, encouraging higher demand, more output and an increase in employment

Productivity in Economics

An increase in physical productivity causes a corresponding increase in the value of labor, which raises wages. That is why employers look for education and on-the-job training. Knowledge and experience increase the human capital of the workers and make them more productive

Well, if your employees complete their work in good time, this means they have more time to spend on other tasks. This increases output and therefore saves you money. Achieving goals. If your workforce is productive and dedicated to their work, both the quality and quantity of their work will improve