How often does the Bureau of Labor Statistics track US productivity?
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It is argued that current methods of defining and assessing labor productivity in the fields of work physiology and input/output energy analysis are relatively poor operational tools for assessing productivity in the economy and society. | |
24 Citations | The empirical evidence is consistent with the stylized fact of procyclical labor productivity. |
We conclude that the three findings indicate that labor productivity during the 2000s will experience substantial revisions in the future. | |
19 Citations | Our results demonstrate a general slowing down in the rate of convergence of labor productivity in the latter years of this period. |
The results reveal a significant relationship between the proposed productive efficiency indicator and labor productivity. | |
27 Citations | Our findings show the positive and significant influence of selected ICT components on labor productivity in EU countries. |
455 Citations | We demonstrate that, in the presence of non-constant returns to scale, the Malmquist productivity index does not accurately measure productivity change. |
53 Citations | We show that it explains the correlations between size measures and labor productivity found in Danish firm data. |
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How is the quantity of product made used as a measurement of employee productivity?3 answersThe quantity of product made is used as a measurement of employee productivity in various ways. One study found that a decrease in productivity was attributed to poor attitudes and behaviors of employees, such as using mobile phones or chatting during work. Another paper discussed the importance of selecting appropriate performance measures for studying worker productivity, as relying on inappropriate measures can lead to inefficient incentives and poor employment contracts. Additionally, traditional productivity measures, such as sales per employee or parts produced, can be misleading and prevent the adoption of needed changes in businesses. These examples highlight the significance of considering the quantity of product made as a measure of employee productivity and the potential consequences of using inappropriate or misleading measures.
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What is the frequency of measuring work performance?5 answersThe frequency of measuring work performance varies depending on the study. In one study, the authors found that individual work performance (IWP) can be divided into four dimensions: task performance, contextual performance, adaptive performance, and counterproductive work behavior. These dimensions collectively determine the overall work performance rating, with task performance having the highest weight at 36%. Another study focused on the impact of frequency of performance measurement on fund managers. It found that more frequent monitoring of rolling returns increases the probability of observing extreme performance outcomes. Adjusting the definition of extreme performance based on the frequency of returns monitoring is important to avoid costly actions such as strategy revisions or manager terminations.
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