Through basic fairness, employee involvement, and equitable incentives, the corporate culture and productivity both can grow. Measure and Analyze. Productivity must be defined, formulas and worksheets developed, sources of data identified, benchmark studies performed, and personnel assigned. Measuring productivity can be a highly complex task. The goal, however, is to keep it as simple as possible without distorting and depreciating the data.
Measurement is so critical to success, a more detailed analysis is helpful.
In an informal sense, productivity is getting more bang for the buck or doing the right things right. But these definitions do not help much when actual measurement is required. For that, a more mathematical approach is needed. Productivity is a ratio, a comparison of what is produced and what is used to produce it. It compares outputs with inputs, that is, it divides outputs by inputs.