Definition of Productivity The definition of productivity according to management proficient Peter Drucker. “Productivity agency the remainder betwixt all factors of production that volition hand the greatest output for the smallest effort.” Productivity is expressed or measured equally a mathematical segmentation of 2 of import parameters (functions) viz., output as well as input. The concept of productivity is depicted inward the next illustration. Image credits © Prof. Mudit Katyani. Meaning of Productivity Productivity is a human relationship betwixt output as well as input. It is expressed or measured equally a ratio of output as well as input. In other words, it equals output divided past times input. Some examples of productivity criterion are equally follows: Productivity of a manufacturing unit of measurement tin live on measured inward damage of the release of goods produced inward closed to fixed sum of fourth dimension (usually inward ho...

Definition of Work Measurement According to International Labour Organization “Work measurement is the application of techniques designed to constitute the fourth dimension taken for a qualified worker to acquit out a specified chore (task) at a defined marking (rate) of performance.” International Labour Organization ( ILO ) stated this of import definition of locomote measuring inwards its publication. Now let's locomote along to know the important of locomote measurement. Meaning of Work Measurement The important of locomote measuring is mainly based on 3 telephone commutation steps. Work measuring agency to: Find out the dissimilar elements (parts) of the production physical care for (job). Find out the fourth dimension taken yesteryear each element. Fix the measure fourth dimension for performing the production process. For example, publishing a mass is a production process. There are many elements, which are involved i...