Management question 2!! PLS help!! tis is the last!!?

Question

Why is productivity important when assessing labor output?? (layoff in a meaning). Pls includes link of website if there is any. Thanx for ya help!! I appreciate it!!!

Answer 1

In economics, productivity is the amount of output created (in terms of goods produced or services rendered) per unit input used. For instance, labour productivity is typically measured as output per worker or output per labour-hour. With respect to land, the "yield" is equivalent to "land productivity".

LAYOFF
A period of inactivity or lessened activity at work during which people are dismissed from their jobs becaus of there not being enough for them to do.

Answer 2

Many companies measure their success in sales dollars per employee, in the quick printing business you are not deemed successful unless you achieve $125,000.00 in gross sales per employee per year.
Productivity is measured in dollars per hour earned vs dollars per hour spent.
Management needs to create a way to measure the employee out put per hour so they can establish a basis for estimating a job. For instance if an employee can steadily make ten widgets an hour day in and day out, then they know an order for 100 widgets should take ten hours they charge the cost per hour for the employee plus materials and overhead and a reasonable profit. Profit is not a bad word, if your company is not profitable you will not stay in business and will no longer be a viable source for widgets. If the employee only makes eight widgets an hour the company is losing money, if for what ever reason the employee discovers a more efficient way to make widgets and can make 12 an hour the company will earn a bonus profit and this may or may not be passed along to the employee in the form of a bonus or improved working conditions or tools.
Their are numerous sites on the web for busines management and productivity, try sites that deal with short interval scheduling, or estimating.
Good Luck, hope this helped.