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4329 4490 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

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