Importance Of Productivity

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According to the online business dictionary (2017)productivity can be define as ”the measure of the efficiency of a person, machine, factory, system in converting input into useful output Productivity is a critical determinant of cost efficiency.”This means that productivity work that employees put in to get work done at the end of the day. Productivity is very important to the service industries in many ways. These are outline as followed  Productivity increase the financial statement of a company-when an employee is working effortlessly day by day for a company, they are been productive this will help to increase the sale of the company or profit, low productivity will lead to low profit and a company will only lose if they are paying…show more content…
 Productivity is also important as the employees themselves are an investment, and like any investment, they should yield a healthy or worthwhile return to the company. So when an employee is highly productive the company achieves its goals of investing in them in the first place.  Productivity also helps to motivate the workplace culture and boost morale, producing an even better company environment.  Productivity is also important because when an employee is highly productive they will reap certain benefits like increase in pay, bonuses and other incentives According to the service industries journal by Luria,…show more content…
Based on a true story, a Popeyes’ employee was not treated well and because of this, she gave away chicken and other food that were not paid for. When a consumer orders eight pieces of chicken, she would give them extra pieces, this is how Popeyes have lost some of its profits. They did not ensure that all employees feel appreciated and so, they left the job and the organization find that they always have to be hiring and training new staff too regularly to the point where they contemplated on shutting down business for good but never once have they thought of why are they having these problems and what they can do to fix it or what new strategies they can implement. Take good care of the employees and they will take good care of the
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