Learn more about productivity with this collection
How to create a productive workspace at home
How to balance work and personal life while working remotely
How to maintain focus and motivation while working remotely
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.
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MORE IDEAS ON THIS
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 jus...
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Formula
- Productivity Formula
Total Output / Total Input = Labor Productivity
- Efficiency Formula
(Standard Labor Hours / Amount of Time Worked) x 100 = Efficiency
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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 an...
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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.
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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 th...
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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, no...
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CURATED FROM
IDEAS CURATED BY
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.
Related collections
Other curated ideas on this topic:
The Productivity Equation
Productivity = Useful Output/Time x Fun Factor
The more output we generate, the more productive we are; also the less time it takes to generate it, the more productive we are. But we should give our energy the useful things - there no point in being productive if we are no...
We Don’t Know What Productivity Really Is
Most of us want to be productive but do not completely understand what we do, why we do it, and who judges it as productive or non-productive.
Productivity can be defined as the effectiveness of an effort, measured in terms of input and output. This definition is limited, ...
The New Law of Productivity
High-Quality Work Produced = (Time Spent) x (Intensity of Focus)
The New Law of Productivity states that the amount of knowledge you can create is limited by your ability to focus without distraction. This means that if you want to be productive, you need t...
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