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Company Productivity

oboloo Glossary

Company Productivity

Company productivity is the measure of efficiency in which a company produces a product or service. It takes into consideration how quickly, accurately and cost-effectively a job can be completed. By evaluating productivity levels, companies can determine where improvements are needed to increase overall success. Productivity also affects employee motivation and engagement – when morale is high, so is productivity. It’s important for businesses to create an environment that encourages optimum performance from staff, and incentivizes them for hitting goals that help drive the company forward.

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