Productivity

Productivity is a measure of efficiency of production which implies comparison of input in such terms as capital invested, wages paid, numbers employed, etc., with output.

Inquiry into raising the productivity growth rate in the Australian Economy

The Inquiry into raising the productivity growth rate in the Australian Economy (April 2010) states that:

• A 2% improvement in labour productivity for government services could deliver a benefit of $8.22 billion to the Australian economy.
• The public sector represents 17% of the workforce and produces output equivalent to 13% of GDP…not..captured..in the official productivity estimates.
• Government services are an input into the production processes of business and the quality of these services can affect the productivity of these businesses….
• As the concept of productivity continues to evolve so do the methodologies that can be applied to improve organisational productivity.
• There are benefits to organisations, their employees, and customers to develop ways to improve organisational productivity.
• Productivity, as a concept, also links into outcomes such business improvement initiatives, and innovation.

Related Pages

• Organisational Productivity

External Links & References

1. The Macquarie Dictionary
2. Wikipedia
3. organisational productivity (Power Point Presentation)
4. Australian Productivity Commission
5. Google Search