Labour Productivity | A-Level, IB & BTEC Business

The concept of labour productivity is covered in this video.
#alevelbusiness #businessrevision #aqabusiness #tutor2ubusiness #alevels #edexcelbusiness #businessalevel
VIDEO CHAPTERS
0:00 Introduction
0:12 What is Labour Productivity?
0:44 Why Labour Productivity Matters
1:27 Labour Productivity Illustrated (Units)
2:56 The Key Point: Higher Labour Productivity = Lower Labour Costs per Unit
3:09 Factors Influencing Labour Productivity
4:19 Calculating Labour Productivity
4:55 Labour Productivity Example
5:33 Ways to Improve Labour Productivity
6:44 Some Potential Problems When Trying to Increase Labour Productivity

[@stilllmkp]

wouldnt it make more sense to show the formulas first then calculations?

[@mpandesyambayi5898]

Well explained

[@shafiqraju]

Simply described!

[@tutor2u-official]

Glad you think so!

[@marving.8868]

Would be a shame if they were payed more if the labour productivity goes up. It's not like they make you more money that you could distribute amongst them to strengthen moral and create loyalty.
But hey while I make a dime the boss makes a dollar etc.

[@danielnewhouse5044]

I wish shadowstats would measure this but the data may not be available. It's GDP divided by the number of people employed. The unemployed are irrelevant to the figure. It's an interesting figure, along with the number employed/population that would tell us where we stand.

[@stasyan6497]

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