When groups of workers receive a portion of the financial return from reducing costs and improving productivity, this is called: Labor productivity
Real output per work hour, which is how labor productivity is defined, is how growth in labor productivity is tracked through time.
The quantity of goods and services that a group of employees generate in a specific period of time is known as workforce productivity. It is one of many productivity metrics used by economists.
Growth in labor productivity allows workers to create more goods and services for a given number of work hours than they otherwise could.
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