Worker Productivity

Worker productivity refers to the amount of goods and services produced by a worker in a given period. It measures how efficiently labor is used to create value. Higher productivity means that workers are accomplishing more in less time, which can be influenced by factors like technology, skills, workplace conditions, and organizational practices. When productivity increases, businesses can produce more without necessarily hiring more staff, often leading to higher profits and better wages for employees. Overall, enhanced worker productivity contributes to economic growth and improved living standards.