Definition of Productivity:
A measurement of the efficiency of production, taking the form of a ratio of the output of goods and services to the input of factors of production. Labor productivity takes account of inputs of employee hours worked; capital productivity takes account of inputs of machines or land; and marginal productivity measures the additional output gained from an additional unit of input. Techniques to improve productivity include greater use of new technology, altered working practices, and improved training of the workforce.
Video: What is Productivity
IN THE MEMBERS ONLY SECTION YOU WILL FIND:
The Future of Productivity: Clear Choices for a Competitive Canada
Boosting Productivity through Technology Adoption
Alberta Guide to Productivity