Labour (Labor) Productivity

Labour (Labor) Productivity is the rate of output per unit (amount or volume) of labour input (measured in terms of the number of employed persons or hours worked) during a given time reference period that is obtained from each employee. The indicator allows data users to assess labour input levels and performance rates over time, thus providing general information about the efficiency and quality of labour in the production process for a given economic and social context, including other complementary inputs and innovations used in production.

Related Definitions in the Project: The Project Management; Construction