Eight Of Import Factors That Impact Productivity

Factors that impact productivity

The next nautical chart shows viii factors that impact productivity.

Image credits © Prof. Mudit Katyani.

The viii principal factors that impact productivity are:

1. Technical factors,
2. Production factors,
3. Organizational factor,
4. Personnel factors,
5. Finance factors,
6. Management factors,
7. Government factors, and
8. Location factors.

Now let's verbalize over briefly higher upward listed of import factors that impact productivity.

1. Technical factors : Productivity largely depends on technology. Technical factors are the most of import ones. These include proper location, layout together with size of the institute together with machinery, right blueprint of machines together with equipment, query together with development, automation together with computerization, etc. If the organisation uses the latest technology, thus its productiveness volition hold upward high.
2. Production factors : Productivity is related to the production-factors. The production of all departments should hold upward properly planned, coordinated together with controlled. The right lineament of raw-materials should hold upward used for production. The production procedure should hold upward simplified together with standardized. If everything is good it volition increment the productiveness.
3. Organizational factor : Productivity is direct proportional to the organizational factors. Influenza A virus subtype H5N1 elementary type of organisation should hold upward used. Authority together with Responsibility of every private together with subdivision should hold upward defined properly. The describe together with staff relationships should likewise hold upward clearly defined. So, conflicts betwixt describe together with staff should hold upward avoided. There should hold upward a partitioning of project together with specialization every bit far every bit possible. This volition increment organization's productiveness.
4. Personnel factors : Productivity of organisation is direct related to personnel factors. The right private should hold upward selected for suitable posts. After selection, they should hold upward given proper preparation together with development. They should hold upward given amend working weather together with work-environment. They should hold upward properly motivated; financially, non-financially together with amongst positive incentives. Incentive wage policies should hold upward introduced. Job safety should likewise hold upward given. Opinion or suggestions of workers should hold upward given importance. There should hold upward proper transfer, advertisement together with other personnel policies. All this volition increment the productiveness of the organization.
5. Finance factors : Productivity relies on the finance factors. Finance is the life-blood of modem business. There should hold upward a amend command over both fixed upper-case missive of the alphabet together with working capital. There should hold upward proper Financial Planning. Capital expenditure should hold upward properly controlled. Both over together with nether utilization of upper-case missive of the alphabet should hold upward avoided. The administration should encounter that they larn proper returns on the upper-case missive of the alphabet which is invested inward the business. If the finance is managed properly the productiveness of the organisation volition increase.
6. Management factors : Productivity of organisation rests on the administration factors. The administration of organisation should hold upward scientific, professional, future-oriented, sincere together with competent. Managers should own imagination, sentence skills together with willingness to accept risks. They should brand optimum role of the available resources to larn maximum output at the lowest cost. They should role the recent techniques of production. They should develop amend relations amongst employees together with merchandise unions. They should encourage the employees to hand suggestions. They should render a proficient working environment, together with should motivate employees to increment their output. Efficient administration is the most important ingredient for increasing productiveness together with decreasing cost.
7. Government factors : Productivity depends on regime factors. The administration should lead hold a proper cognition well-nigh the regime rules together with regulations. They should likewise hold proficient relations amongst the government.
8. Location factors : Productivity likewise depends on place factors such every bit Law together with lodge situation, infrastructure facilities, nearness to market, nearness to sources of raw-materials, skilled workforce, etc.