Efficiency vs. Productivity - Deepstash

Keep reading for FREE

What Is Efficiency?

If your company is efficient, that means it is especially capable of producing desired results with little or no waste with very few resources.

  • If you’re able to produce the same amount of work with less time and resources, you’re being more efficient.
  • If you use more time and resources but produce the same amount of work as before, your performance is less efficient.

Therefore, efficiency is simply the quality and degree of effectiveness at which a company is being efficient.

36

213 reads

What Is Productivity?

What Is Productivity?

The dictionary defines being productive as, “having the quality or power of producing especially in abundance.” Those who are concerned with productivity are trying to make the most output with the resources they have.

  • For example, if they have a large budget, they’re trying to produce the largest amount of work possible. If they have a small budget, then they’re still trying to produce the largest amount of work possible.

33

124 reads

Efficiency vs. Productivity

Efficiency vs. Productivity

  • Efficiency refers to the amount of effort and resources people put into work, while productivity is all about the amount of work done over a certain period of time.
  • Productivity is proactive. Efficiency is reactive.
  • Productivity is about achieving the best output no matter the situation. A company becomes more productive when they’re focusing on doing more with their current resources. Efficiency is more about survival.

34

102 reads

Example Of Productivity

Let’s say your company can process 40 documents per hour. A company focused on productivity would try to increase the number of documents they can produce in that hour.

So, your people have worked hard and are now able to scan a total of 50 documents per hour. They have just become 25% more productive.

Whether they have 6 hours or one hour, the productivity-focused company can still work at the same pace. They still produce as much as they can, even if their total numbers drop due to cuts.

31

131 reads

Example Of Efficiency

Let’s say your company, which can now process 50 documents per hour, gets its budget slashed. Now, the company is trying to do the same amount of work (50 documents processed per hour) with fewer resources to process them. This would be the time to focus on efficiency.

31

118 reads

It Is Best To Be Productive And Efficient, But If You Must Choose, Choose Productivity

In a perfect world, companies would try to be both efficient and productive. Companies should always be looking for ways to do more with what they have while doing the same amount of work with less waste.

That being said, most successful companies put their primary focus on productivity, not efficiency.

Productivity helps companies do more, while efficiency helps companies do the same with less.

If a company is going to focus on making anything more efficient, it should be all of the tedious work that needs to get done but doesn’t really help the company grow.

35

84 reads

Formula

  • Productivity Formula

Total Output / Total Input = Labor Productivity

  • Efficiency Formula

(Standard Labor Hours / Amount of Time Worked) x 100 = Efficiency

24

93 reads

CURATED BY

maliha

A medical student!🩺 I’d like to live as simply as possible. I love reading- regardless of what type of book it is. People are wonderful, especially those closest to me. I’m determined to do some good for others in whatever I end up doing in the future.

Ready for the next level?

Read Like a Pro

stash-superman-illustration

Explore the World’s

Best Ideas

200,000+ ideas on pretty much any topic. Created by the smartest people around & well-organized so you can explore at will.

An Idea for Everything

Explore the biggest library of insights. And we've infused it with powerful filtering tools so you can easily find what you need.

Knowledge Library

Powerful Saving & Organizational Tools

Save ideas for later reading, for personalized stashes, or for remembering it later.

# Personal Growth

Take Your Ideas

Anywhere

Organize your ideas & listen on the go. And with Pro, there are no limits.

Listen on the go

Just press play and we take care of the words.

Never worry about spotty connections

No Internet access? No problem. Within the mobile app, all your ideas are available, even when offline.

Get Organized with Stashes

Ideas for your next work project? Quotes that inspire you? Put them in the right place so you never lose them.

Join

2 Million Stashers

4.8

Stars

5,740 Reviews

App Store

4.7

Stars

72,690 Reviews

Google Play

samz905

Don’t look further if you love learning new things. A refreshing concept that provides quick ideas for busy thought leaders.

Ashley Anthony

This app is LOADED with RELEVANT, HELPFUL, AND EDUCATIONAL material. It is creatively intellectual, yet minimal enough to not overstimulate and create a learning block. I am exceptionally impressed with this app!

Sean Green

Great interesting short snippets of informative articles. Highly recommended to anyone who loves information and lacks patience.

Shankul Varada

Best app ever! You heard it right. This app has helped me get back on my quest to get things done while equipping myself with knowledge everyday.

Jamyson Haug

Great for quick bits of information and interesting ideas around whatever topics you are interested in. Visually, it looks great as well.

Laetitia Berton

I have only been using it for a few days now, but I have found answers to questions I had never consciously formulated, or to problems I face everyday at work or at home. I wish I had found this earlier, highly recommended!

Giovanna Scalzone

Brilliant. It feels fresh and encouraging. So many interesting pieces of information that are just enough to absorb and apply. So happy I found this.

Ghazala Begum

Even five minutes a day will improve your thinking. I've come across new ideas and learnt to improve existing ways to become more motivated, confident and happier.

Read & Learn

20x Faster

without
deepstash

with
deepstash

with

deepstash

Access to 200,000+ ideas

Access to the mobile app

Unlimited idea saving & library

Unlimited history

Unlimited listening to ideas

Downloading & offline access

Personalized recommendations

FAQ

Claim Your Limited Offer

Get Deepstash Pro

BLACK FRIDAY

75% OFF | 1-Year Pro Subscription

Claim Offer