"Labor productivity" refers to how efficient and effective workers are in using their time and skills to produce goods or deliver services. It measures how much output or value is generated per unit of labor. Full definition
Measuring labor productivity in manufacturing is relatively easy, because the output and its value is easily measured. (alephblog.com)
Even a one percent rise in literacy skill scores can increase labor productivity by as much as 2.5 percent, boosting output by as much as $ 225 billion. (meritsoftware.com)
By retaining employees, call centers avoid frequent hiring costs and develop a more experienced workforce, which improves labor productivity and the customer experience. (workjam.com)