A-Z Popular Blog Productivity Examples Search »
Productivity Examples
 Advertisements
Productivity Benefits

Increased Productivity

28 Benefits of Productivity

 ,
Productivity benefits are the advantages of a higher productivity rate where this is the amount of value created in an hour of work. Productivity is the basis for human thriving and its benefits are profound. A society with high productivity will typically have a higher quality of life as people can create more income with their labor that can be spent on goods, services, risk reduction, savings, public services and so forth. The following are benefits of productivity at the level of a society, firm or individual.

Society

Productivity is the primary difference between developed and developing nations. For example, a nation that produces $300 per hour worked will fundamentally have more resources than a nation that produces $3 per hour worked. These resources can be invested to create higher quality of life. The following are possible benefits of productivity at the level of a society.
Greater international competitiveness
Greater stability and resilience
Greater tax revenue that can be invested in public services such as education
Higher GDP
Higher quality of life
Higher standard of living
Improved working conditions
More efficient products and services
More leisure time
Risk reduction
As a society, it's not easy to increase productivity as this is tied to things like infrastructure, education systems and a thriving private sector filled with innovative companies.

Firms

Productivity is the basis for the competitive advantages of firms that directly relates to revenue, costs, quality and speed. For example, a restaurant that produces $300 in value per work hour is likely to be a much more pleasant place than a restaurant that produces $3 an hour in value. To produce that much value staff would likely have to offer attentive service, faster service and better food. All else being equal, productivity has the following benefits for firms.
Ability to offer better working conditions
Ability to offer higher salaries
Ability to offer more paid time off
Faster turnaround time
Higher customer satisfaction
Higher employee satisfaction
Higher quality
Higher revenue
Less employees
Less errors, problems, issues and incidents
The productivity of firms is related to industry, innovation, talent, organizational culture, technology, tools, processes and design prowess.

Individual

As an individual, productivity will allow you to achieve more in any context such as education, work, small business and in your hobbies. This is likely to bring you several benefits:
Better results at school
Better support from employers
Better working conditions
Greater professional respect and reputation
Greater results in pursuits such as hobbies and sport
Higher income
More leisure time
Social status
As an individual, productivity relates to things such as knowledge, talent, character, work ethic, profession, time management, motivation and self-discipline.

Productivity Examples

This is the complete list of articles we have written about productivity examples.
Capital
Flow
Increased Productivity
Mise en Place
More With Less
Parkinsons Law
Productivity
Toil
Work Quality
If you enjoyed this page, please consider bookmarking Simplicable.
 

Productivity Examples

A list of productivity examples.

Mise en Place

An overview of mise en place.

More With Less

An overview of more with less with examples.

Parkinsons Law

The three business principles known as Parkinsons Laws.

Increased Productivity

Examples of increased productivity at the level of a society, firm and individual.

Productivity

The basics of productivity.

Work Motivation

An overview of work motivation with examples.

Hawthorne Effect

An overview of the Hawthorne effect with examples.

Is Complexity Good

An overview of complexity and its pros and cons.

Quality Of Work

The types of work quality with examples of each.

Know-how Examples

An overview of know-how with a list of examples.

Team Metrics

A list of common team metrics.

Work Management

An overview of work management with examples.

Standard Operating Procedures

An overview of standard operation procedures.

Facilitation

The practice of running an efficient meeting.

Shortcuts

An overview of shortcuts with examples.
The most popular articles on Simplicable in the past day.

New Articles

Recent posts or updates on Simplicable.
Site Map