productivity measures

Productivity measures evaluate how efficiently resources—like time, labor, or materials—are used to produce goods or services. They help determine how well an organization or individual converts input into output. For example, productivity can be measured by dividing the number of units produced by the hours worked or by the cost of resources used. Higher productivity indicates better efficiency, meaning more output with less input. These measures help identify areas for improvement, optimize processes, and assess overall performance, enabling better decision-making and resource allocation to achieve organizational goals effectively.