- The amount of output per unit of input, such as the quantity of a product produced per hour of capital employed. Bloomberg Financial Dictionary
* * *productivity pro‧duc‧tiv‧i‧ty [ˌprɒdʌkˈtɪvti, -dək- ǁ ˌprɑː-] noun [uncountable] MANUFACTURING ECONOMICSthe rate at which goods are produced, and the amount produced in relation to the work, time, and money needed to produce them:
• Declines in factory jobs and hours worked mean that only more productivity per worker could have raised output in May.
• Strong manufacturing productivity growth reduced the number of manufacturing workers needed.
* * *productivity UK US /ˌprɒdʌkˈtɪvəti/ noun [U] ECONOMICS, PRODUCTION► the rate at which a country, company, etc. produces goods or services, usually judged in relation to the number of people and the time necessary to produce them: »
The productivity agreement gives staff an extra 10% pay if the team reaches its sales targets.productivity increases/improves/goes up »
Studies show that if a working environment is pleasant, productivity increases.»
an increase/decrease/fall in productivityproductivity gains/growth/improvement »
Many economists doubt that productivity growth can be credited to information technology.► the ability to do as much work as possible in a particular period: »
Think about which times of day your productivity is highest, and do the most difficult tasks then.»
The new phone has some useful apps for organizing information – it's a great productivity tool.
Financial and business terms. 2012.