The productivity of a company’s workforce plays a key role in its profitability and competitiveness. It makes sense: Increase productivity levels and you can expect to generate higher profits without adding headcount. That boosts the likelihood of long-term success in competitive markets.

So, it’s important that business leaders understand how to measure productivity, then use that data to identify and overcome obstacles to making their workforces more productive.  

Productivity is a measure of economic or business performance that indicates how efficiently people, companies, industries and whole economies convert inputs, such as labor and capital, into outputs, such as goods or services.

• Productivity is key to a company’s profitability and ability to thrive.
• Workforce productivity is a measure of how efficiently a company converts inputs, such as labor or capital, into outputs, such as goods and services.
• Obstacles to increasing productivity include too much email, too many meetings, too many manual processes and industry-lagging technology. Simple fixes can help address these problems.
• Identifying and tracking productivity metrics can help companies manage and improve workforce productivity.
• Performance management software can make it easier to measure and manage productivity.