Productivity measures the ratio of output to input. Small-business owners are concerned with productivity because it ties into operational efficiency and profitability. Productivity measurement can be ...

Understanding how your labor costs stack up against sales revenue is a basic principle behind managing a successful business. Just because your business is making a profit doesn't mean that every ...

Cliff Waldman, chief executive officer of New World Economics, explains how manufacturing labor productivity is measured, and why it’s such an important metric for assessing economic health.

One of the brighter spots in this economy over the last few years has been labor productivity: how much stuff we’re all making compared to how much time we’re doing it. Productivity increased 1.2% in ...