What is Labour Productivity?
Labour productivity is a key measure of how efficiently your team is producing goods and services over a specific period. Calculated by dividing the total output by the total number of hours worked, this insightful metric helps you gauge how effectively your business resources are being utilised. By focusing on labour productivity, businesses can enhance overall performance, drive sales, and achieve greater business productivity.
For a more precise analysis, using a productivity calculator can be an invaluable tool in pinpointing areas for improvement and fostering economic growth.
How to Calculate Work Productivity?
Work productivity is about more than just numbers—it’s about how effectively your team uses time and resources to achieve your goals. Here’s a simple way to begin understanding productivity with the help of a productivity calculator:
1. Identify your output
Start by defining what your business produces over a set period. This might be revenue, completed projects, or another measurable outcome that reflects your team’s work.
2. Measure the input
Next, look at the resources used to generate that output—typically, the total number of hours worked or the size of your team.
3. Use our productivity calculator
Our easy-to-use productivity calculator gives you a high-level view of how much revenue (on average) each team member brings in. Just enter your business revenue, number of employees, and industry, and you'll get a quick snapshot of your business’s efficiency.
