Indicators of labor efficiency at the enterprise

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This includes such criteria as productivity and labor output, and labor intensity of the product.

Labor productivity
This parameter shows how effectively the labor of workers is used and what amount of labor costs are contained in a unit of labor product. The coefficient is determined by the ratio of the volume of all manufactured products to the volume of labor produced. The following formula is usually used to calculate the indicator:

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Пт = volume of manufactured products for the cameroon email list reporting period (year, month, quarter) / average number of employees of the enterprise for the period

The metric is also expressed in terms of labor output and labor intensity.

Labor output
It is determined by the ratio of the volume of output received to the working time spent. It is possible to calculate the average hourly, average daily or average monthly output. The type of calculation formula will depend on the selected time period:

B = Volume of output / Number of man-hours (man-days or average monthly headcount of the enterprise) worked during a given period of time

Indicators of labor efficiency at the enterprise

Source: freepik.com

The higher the output rate, the more product each employee produces per unit of time, which means that labor productivity also increases.

Labor intensity
Shows how much labor one worker spent to obtain one unit of output. It is determined by the formula:

T = Amount of time spent on production of a product / Volume of production

In calculation formulas, the volume of manufactured products can be expressed in price or physical terms, as well as in standard hours.