Professional Documents
Culture Documents
of
Human Resource
Planning
Productivity Definition and Concept,
Total factor Productivity
Submitted By:
Swati Kaushal
Shreya Shrivastava
MBA/15001/13
Ravindra Kumar
Madhusudan Kumar
MBA/15004/13
Ratnesh Kumar
Saumya Singh
MBA/15003/13
MBA/15005/13
MBA/15006/13
MBA/15055/13
Introduction:
Human resource planning initiatives in any organization need to account
for productivity trends and extent of technological changes
Traditionally, productivity was considered as an input-output relation
measurement.
Orthodox views attribute productivity to labour efficiency as output can
immediately be related to labour efficiency.
Organization operate on team efforts, by distributing different functional
areas to different departments, ultimately success depends on effective
joint effort of different team group.
History:
With the declaration of the International Year of Productivity in 1992,
productivity consciousness has gained worldwide momentum.
The concept of productivity was originally enunciated by classical
economists Like Adam Smith, David Ricardo and J. S. Mill in the 18 th and
19th centuries in the form of Law of Diminishing Return to all resources.
However, in the 19th century, Frederick W. Taylor thesis task study gave a
more reasonable slogan on the issue i.e., human worth can be made
infinitely more productive not yet by working harder but by working
smarter.
In India, the productivity movement and consciousness gained momentum
with the establishment of National Productivity Council (NPC) in 1958.
Defining Productivity:
From the economic point of view, productivity means the yield from:
Each factor of production (land, labour, capital and organization)
Each input (raw material, fuel, time and knowledge)
And overall yield of the joint factor and resources enumerated above.
Functional efficiency of all other factors of production and all other subsystems of all such factors has been finally considered as the ultimate goal
for over all corporate efficiency and, productivity there after has been
considered as the efficiency of total factors instead of emphasis on
efficiency of labour (single factor approach).
Improving Productivity:
Positive action can be summarized under six heading which is known as
parameters to improve productivity: