productivity

Definition

The amount of output per unit of input (labor, equipment, and capital). There are many different ways of measuring productivity. For example, in a factory productivity might be measured based on the number of hours it takes to produce a good, while in the service sector productivity might be measured based on the revenue generated by an employee divided by his/her salary.

Use productivity in a sentence

It is very important to keep your productivity level up if you plan to keep meeting the required quota for the company.

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The productivity of the new software engineer was greater than expected as he optimized our system so every employee was more productive.

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The advisers had a meeting with the CEO and informed him that the productivity of some of their workers was too low and that cutbacks needed to be made.

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