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15 roductiity important the fem, wo worere,
a :
tp sociehy ? 3) Efgcioney tations 860 107.57.
Rrectviny 1s important to a gicm because high god a
Let Teduces the ont cost Of the ouput ond males Carvings = (07.5 7, x 8 houly rate x NO hovrs
SRE firm more competitive. 18 ‘important to workers = $3uy
becouse their real earnings choutd be incrensed whe 3) Fac aings = ($8 hourly cate + 5 cake increase
Product ity ts high Productivity is important fe sxi- LX 24 hours
Sh Lecce increased producuity enables sccichyte = Epo x 24 hours
Set more and better output from the basic reseutees #201. 60
OF Ae ronomy.
Q How can labor e¢giciency be Tetermined or measured?
WAYMo measure \abor epic}, Fs cecesiany te esta
Lith a stanBar® of performance, Th meanc Pelermini-_
Ag wow much a worker shoud be able ty prduce, or
how hueh a work crew chouid be alse to produce
The andar 's Setermined by Ame dc mohen shy
Jed cons by siiled worrers -and averages of past
Forformance by stillel workers
Tan cecal conver coc Que wil Feuerttymaee
Jee gerportonce can te Treas wachne cst