31/08/2010
Al-Ahram Newspaper 2010/AUGUST /31
Labor productivity is the production of the company divided by the number of its work force. Labor productivity cannot be isolated from production means and tools whether manual or automatic. The ultimate goal of any industrial establishment is increasing its returns and improving labor conditions. This can only happen by promoting worker’s technical skills and increasing their income in a way that should not raise employment rates above safe limits. The success of any industrial establishment starts with working on increasing individual productivity rates including all its concepts, such as economic and technical inputs and outputs.(Available in Arabic – German in PDF )
Labor productivity cannot be isolated from production means and tools, whether manual or automatic. The company’s economic and technical standard should be reviewed on a monthly basis in order to improve its performance, correct its mistakes and prevent the occurrence of these mistakes in the future. Basic indicators of labor productivity are: total productivity, labor productivity in the same period, the Egyptian pound’s productivity in the same period, total surpluses (profits), total individual surpluses, working capital turnover rates and stock turnover rates in the same period. The ultimate goal of any industrial establishment is increasing its returns and improving labor conditions. This only happens when worker’s technical skills are promoted and their income is increased. Company management understands that the preservation of highly trained labor is a guarantee of the company’s success, continuation and a key element for increasing its market shares. Industrial establishments should choose between two major strategies: the first is the manual system with low production and low salaries. The second method is represented by gradual adoption of new and modern technologies and production tools to increase productivity and to promote worker’s skills to keep abreast with modern technologies.