Productivity Calculator
If you want to find your business's economic growth, this productivity calculator can quickly estimate overall productivity. It provides you with the unique performance of each employee and the resulting gain in each working hour.
The number of goods or services given at a specific time is known as labor productivity. More commonly, the amount of particular time taken is known as one labor hour.
However, to improve your business's productivity, you should have to upgrade the equipment to make more products in less time and have good economic plans.
It is necessary to measure your company's labor productivity because it helps you estimate the individual employee's efficiency and quality.
Table of Contents
Formula of Productivity Calculator
There are two different ways to find labor productivity:
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Labor productivity per person/employee
-
Overall productivity per hour
In this article, we will cover both ways by which you can find productivity. If you want to calculate it quickly, you can jump to our productivity calculator.
Formulas of labor productivity are listed below:
1) Labor productivity per employee
Productivity = Revenue / Number of employees
2) Overall productivity per hour
Productivity = Revenue / Number of hours
Note:
To find the work on a body, we have made a Work Calculator.
Examples
For a more precise understanding, let us have a particular example of the above formulas:
Example 1:
Suppose two workers work 8 hours a day and generate a revenue of 12000$, find out the labor productivity per person/employee.
Given data
No of employee = 2
Revenue = $1200
To Find
Labor productivity per person/employee = ?
Solution
To find out the per-person productivity, we will use the formula listed below:
Productivity = Revenue / Number of employees
Putting the values, in the above equation we have
Productivity = $1200 / 2 = $600
Example 2:
Suppose two workers work 8 hours a day and generate a revenue of 12000$, find out the overall productivity per hour.
Given data
Time = 8 hours
Revenue = $1200
To Find
Overall productivity per hour = ?
Solution
To find out the overall productivity per hour, we will use the formula listed below:
Productivity = Revenue / Number of hours
Putting the values, in the above equation we have
Productivity = $1200 / 8 = $150
How to use the Productivity Calculator?
The steps to use the productivity calculator are as follows:
Step 1: Enter the hours or the number of employees in the required input.
Step 2: Enter the revenue generated by a company in needed input.
Step 3: The calculator will automatically display an answer on the screen.
Calculator use
You can find the Capital Gains Yield by using our Capital Gains Yield calculator. You have to enter the right value in the right input field and you will get your Capital Gains Yield.
