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  1. 1-1-the-nature-and-purpose-of-business
    3 主题
  2. 1-2-forms-of-business
    5 主题
  3. 1-3-the-external-environment
    5 主题
  4. 2-1-management-and-leadership
    3 主题
  5. 2-2-management-decision-making
    4 主题
  6. 2-3-the-role-and-importance-of-stakeholders
    3 主题
  7. 3-1-marketing-objectives
    1 主题
  8. 3-2-understanding-markets-and-customers
    5 主题
  9. 3-3-making-marketing-decisions
    2 主题
  10. 3-4-the-marketing-mix
    7 主题
  11. 4-1-operational-objectives
    2 主题
  12. 4-2-operational-performance
    1 主题
  13. 4-3-efficiency-and-productivity
    3 主题
  14. 4-4-quality
    1 主题
  15. 4-5-inventory-and-supply-chain-management
    3 主题
  16. 5-1-financial-objectives
    2 主题
  17. 5-2-financial-performance
    6 主题
  18. 5-3-sources-of-finance
    3 主题
  19. 5-4-cash-flow-and-profit
    1 主题
  20. 6-1-human-resource-objectives
    1 主题
  21. 6-2-human-resource-performance
    1 主题
  22. 6-3-organisational-design
    3 主题
  23. 6-4-human-resource-planning
    4 主题
  24. 6-5-motivation
    4 主题
  25. 6-6-improving-employer-employee-relations
    2 主题
  26. 7-1-mission-objectives-and-strategy
    4 主题
  27. 7-2-assessing-the-internal-position-of-a-business
    10 主题
  28. 7-3-changes-in-the-external-environment
    7 主题
  29. 7-4-the-competitive-environment
    1 主题
  30. 7-5-investment-appraisal
    2 主题
  31. 8-1-strategic-direction
    1 主题
  32. 8-2-strategic-positioning
    2 主题
  33. 9-1-changes-in-scale
    4 主题
  34. 9-2-innovation
    2 主题
  35. 9-3-globalisation-and-internationalisation
    4 主题
  36. 9-4-digital-technology
    1 主题
  37. 10-1-managing-change
    3 主题
  38. 10-2-organisational-culture
    2 主题
  39. 10-3-implementing-strategy
    2 主题
  40. 10-4-strategic-failure
    2 主题
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Labour productivity

  • Labour productivity measures output per worker during a specified period of time

  • It is expressed as a number of units and calculated using the formula:

    Labour space productivity space equals space fraction numerator Output over denominator Number space of space workers end fraction

  • Businesses aim to increase the level of labour productivity to improve competitiveness

Flowchart with four arrows in shades of blue: higher labour productivity, lower labour cost per unit, improved efficiency and competitive edge.
Higher labour productivity improves businesses’ competitiveness

Worked Example

The table shows the number of pairs of luxury wool socks produced by Sock Mania in 2023 and 2024.

Year

Units produced

2023

46,000

2024

69,000

In 2023, Sock Mania employed 50 staff. In 2024, the number of staff employed by the business increased by 20%.

Calculate the percentage change in labour productivity between 2023 and 2024.

[4]

Answer:

Step 1: Calculate the labour productivity for 2023

equals space fraction numerator 46 comma 000 space units over denominator 50 space workers end fraction space space space space space equals space 920 space units space per space worker space (1)

 Step 2: Calculate the labour productivity for 2024

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