How Much Has Productivity Increased Since 1950? Each of these components has helped the U.S. raise its labor productivity by 299% from 1950 to 2018. But despite the increased efficiencies of workers, the adjusted median household income only went up 152% in that 68-year period—contributing to a stark wealth divide between the rich and poor.
What Is The Importance Of Training And Development? A training program allows you to strengthen those skills that each employee needs to improve. A development program brings all employees to a higher level so they all have similar skills and knowledge. This helps reduce any weak links within the company who rely heavily on others
What Were The Findings Of The Hawthorne Studies? The Hawthorne studies showed that people’s work performance is dependent on social issues and job satisfaction, and that monetary incentives and good working conditions are generally less important in improving employee productivity than meeting individuals’ need and desire to belong to a group and be included in
How Did Health Care Track Productivity? In the healthcare sector, the traditional measures of productivity are the labor output per health worker and the cost of the goods/services. Here, the two key metrics are time and financials, which directly focus on the bottom line of your operations, rather than the quality of services you provide.