Labour productivity definition

Labour productivity generally means output per hour worked. When appropriate measurements of the number of hours are not available (as occurs for many countries), output per employed person is used since it tracks changes in output per hour as long as average hours does not change significantly. Average hours per employee varies significantly among countries, and this fact is important to interpreting output per employed person across countries.
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Labour productivity means: the value of goods and services produced in a period of time, divided by the hours of labour used to produce them;
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Examples of Labour productivity in a sentence

  • Labour productivity shall be calculated by dividing the sum of all bank cubic meters of materials removed by the Contractor for a given period, by the sum of all man-hours worked by the Contractor’s employees during that same period.

  • Labour productivity (GVA/AWU) in Bulgarian agriculture in 2011 was approximately 10000BGNfor AWU – approximately 35% of the EU average96.

  • Labour productivity was the only form of productivity analysed in this paper.

  • Labour productivity proxied by both VA and sales seem to have a consistent negative impact when Chinese import shares increase; an increase in Chinese import shares by 1 pp is related to 0.54% decrease in productivity by sales and a 0.02% decrease in productivity by AV (Table 3).

  • Labour productivity proxied by AV was also smaller in magnitude compared to the estimate for the full sample.

  • With both costs and sales estimated to decrease when import shares increase, we can deduce that the negative impact on sales is stronger than the negative impact on the costs of goods for firms, resulting in the negative impact on AV Labour productivity proxied by AV was estimated to increase with the increase in Chinese import shares, aligning with many studies on productivity (▇▇▇▇▇ & ▇▇▇▇▇▇▇, 2016; Bloom, Draca, & ▇▇▇ ▇▇▇▇▇▇, 2016; ▇▇▇▇▇▇, 2000; ▇▇▇▇▇▇▇▇▇, 1994; ▇▇▇▇▇▇▇▇▇▇ & ▇▇▇▇▇▇▇▇, 2004).

  • Labour productivity proxied by sales had a positive impact for manufacturing firms but no significant impact for firms in the full sample.

  • Labour productivity proxied by sales per labour costs was estimated to have a significant positive effect.

  • Labour productivity is dependent upon factors such as education and training, investment in machinery and equipment, innovation, managerial skills, and so on.