Labor productivity of workers plays an important role in the activity of any enterprise. Its development is facilitated by various internal factors, the main of which are the working regime and the form of wages.
Labor productivity concept
Labor productivity is a measure of labor efficiency. It is measured in terms of the amount of products that the employee produced per unit of time. The reciprocal is labor intensity, measured by the amount of time spent per unit of production.
In economic statistics, labor productivity usually means actual productivity, but in the field of economic cybernetics, there are concepts of potential and actual labor productivity. The most important indicators of the use of circulating assets at the enterprise include the regulation of turnover and turnover time. With the acceleration of the turnover, the working capital of the enterprise is released from circulation, while the slowdown in the turnover can lead to an increase in the need for working capital.
The turnover of funds can be accelerated due to various factors: the outstripping growth rate of sales, improving the sales and supply system, reducing the energy and material consumption of products, improving quality, reducing the production cycle, etc.
Increase in labor productivity
The growth of labor productivity is ensured by saving working time for the manufacture of a unit of production or an additional amount of products produced per unit of time, which leads to an increase in production efficiency.
Labor productivity is a flexible and dynamic indicator of the performance of employees, which is adjusted by several factors. Technical progress is responsible for the reserves of productivity growth: with the use of new technology, the improvement of machines, the introduction of integrated automation, communications, scientific research and advanced technologies, labor productivity increases.
Improvement of the system of workers' remuneration, reproduction of the labor force and the solution of social problems also lead to an increase in labor productivity. At the same time, these factors are interrelated, therefore, due to an increase in labor productivity, conditions favorable for the growth of wages arise, and vice versa, an increase in wages improves productivity. Timely forecast of the development of the productive force at the enterprise avoids the occurrence of unfavorable situations, including bankruptcy, stagnation, etc.
