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What is a Management Dashboard?
The term Management Dashboard defines a wide range of data reporting and visualization tools or dashboards that allow using various performance & efficiency measures to report on an enterprise’s ability to organize and coordinate its activities in accordance with certain policies and in achievement of pre-determined objectives. What is a Management Dashboard?
 
 
 
 
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Money Management Action Plan

In this Money Management Action Plan you can read a range of tips and suggestions that will help you manage your money in an effective manner.

Money Management Action Plan
 
 
 
Home » Glossary » What is Employee Productivity
What is Employee Productivity  

What is Employee Productivity



 
 

Employee Productivity is an amount of output which an employee can produce during a period of time. Understanding of productivity is based upon standards accepted for a specific position or job: productivity for different types of work can be measured and standardized in terms of appropriate output norms. Monitoring of employee productivity is a part of employee performance management, as far as different levels of productivity norms can be connected to different levels of performance. Calculating employee productivity implies that all amount of an output produced by an employee meets certain quality acceptance criteria, so only the products that fall within suitability variance are counted for productivity rate. The following facts are about employee productivity: 

  • In sectors with material production it can be calculated as number of acceptable units produced or processes by an employee during a fixed period of time;
  • It can be calculated as revenue generated by an employee for the organization divided by salary (including other concerned employee costs) of this employee;
  • When the managers are defining a specific norm on employee productivity, they need to base their calculations upon considering natural human limits, industrial norms, quality of materials, difficulty of specific work, and productive capabilities of instruments & equipment involved into this work;

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