{"id":4326,"date":"2022-08-01T12:54:22","date_gmt":"2022-08-01T12:54:22","guid":{"rendered":"https:\/\/www.webwork-tracker.com\/blog\/?p=4326"},"modified":"2024-10-11T08:01:25","modified_gmt":"2024-10-11T08:01:25","slug":"what-is-the-productivity-formula-and-why-is-it-important","status":"publish","type":"post","link":"https:\/\/www.webwork-tracker.com\/blog\/what-is-the-productivity-formula-and-why-is-it-important","title":{"rendered":"What Is the Productivity Formula and Why Is It Important?"},"content":{"rendered":"\n<p><span style=\"font-weight: 400;\">Productivity is the key to a company\u2019s long-term survival. It allows a business to produce more goods and services for the same amount of work. This way, it can stand against competitors in the marketplace.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The productivity formula allows companies to measure and track productivity improvements. It gives them a reliable way to identify common pitfalls and focus on performance management. Consequently, this improves productivity and boosts profitability to<\/span><a href=\"https:\/\/inkbotdesign.com\/business-growth\/\"> <span style=\"font-weight: 400;\">increase business growth<\/span><\/a><span style=\"font-weight: 400;\">.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In this article, we take a look at the productivity formula. We\u2019ll cover what it is, and how you can use it to calculate workplace productivity and enhance efficiency in your organization.<\/span><\/p>\n<h2><b>What is the Productivity Formula?\u00a0<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">The productivity formula is a simple equation used by leaders and managers to measure productivity. The formula can be used to determine the productivity of a single employee, a team, a department, or an entire business. It can even be used to measure the productivity of an economy.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In the concept of business, the formula can tell you how efficient you are at converting raw materials and time into useful goods and services.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The formula is represented as follows:\u00a0<\/span><\/p>\n<p><b><i>Productivity = Units of Output \/ Units of Input<\/i><\/b><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-4328\" src=\"https:\/\/www.webwork-tracker.com\/blog\/wp-content\/uploads\/2022\/08\/Productivity-Formula.jpg.webp\" alt=\"Formula of productivity\" width=\"1024\" height=\"526\" srcset=\"https:\/\/www.webwork-tracker.com\/blog\/wp-content\/uploads\/2022\/08\/Productivity-Formula.jpg.webp 1024w, https:\/\/www.webwork-tracker.com\/blog\/wp-content\/uploads\/2022\/08\/Productivity-Formula.jpg-300x154.webp 300w, https:\/\/www.webwork-tracker.com\/blog\/wp-content\/uploads\/2022\/08\/Productivity-Formula.jpg-768x395.webp 768w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/p>\n<p><a href=\"https:\/\/www.educba.com\/productivity-formula\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Source<\/span><\/a><\/p>\n<p><span style=\"font-weight: 400;\">It\u2019s a relationship between the input and output variables. You can measure productivity in a number of ways. Some of the most common workplace productivity KPIs (key performance indicators) include:\u00a0<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Revenue per employee<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Number of parts produced<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Downtime<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Customer satisfaction score (CSAT)<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Labor utilization rate<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Employee turnover rate<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Gross profit margin calculated by a<\/span><a href=\"https:\/\/www.freshbooks.com\/hub\/accounting\/calculate-gross-margin\"> <span style=\"font-weight: 400;\">gross margin formula<\/span><\/a><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Regardless of which KPIs you focus on, your company will have greater productivity if:\u00a0<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">It produces more using a given variable of inputs; or<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">It produces the same level of output using fewer inputs.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">This means you will have a competitive edge over businesses that produce a lower amount. The formula also makes it easy to see how companies can increase units of output from each material, machine, or employee hour used.\u00a0<\/span><\/p>\n<h2><b>Why is the Productivity Formula Important?\u00a0<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">The productivity formula is important for many reasons. It can quantify the revenue generated by specific teams and employees within a business. This data can help you evaluate how much profit each member, team, and department generates.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In turn, this allows you to understand where in your business you have the best ROI (return on investment). Additionally, you can also see what activities and which employees may be non-productive.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Since it\u2019s a measure of a company\u2019s efficiency, productivity is the secret to winning in any competitive market. If you can increase your productivity, you\u2019ll be able to generate higher profits &#8211; whether by selling more or charging lower prices.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Conversely, if your productivity goes down, then you may not be able to operate profitably. And, if your productivity increases at a slower rate than your competitors, your business will suffer from sluggish growth.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">But with<\/span><a href=\"https:\/\/www.webwork-tracker.com\/boost-productivity\"> <span style=\"font-weight: 400;\">improved productivity<\/span><\/a><span style=\"font-weight: 400;\">, your business can enjoy benefits such as:\u00a0<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Higher customer satisfaction<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Better terms from suppliers<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">More attractive wages<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Increased access to capital<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">The idea of the productivity formula was first introduced in 1911. American engineer-turned management consultant, Frederick Taylor came up with it in his book \u201cThe Principles of Scientific Management\u201d. It completely revolutionized practices for measuring office output.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In recent years, it has been discovered that it\u2019s possible to<\/span><b> alter productivity by changing specific variables<\/b><span style=\"font-weight: 400;\">. The productivity formula allows you to optimize different variables. So, you can maximize efficiency and profits, and, at the same time, minimize costs and eliminate inefficiency.\u00a0<\/span><\/p>\n<h2><b>Examples of the Productivity Formula in Use<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">Here are some examples of how the formula can be used to calculate productivity in an organization.<\/span><\/p>\n<h3><b>1. Employee Productivity<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">A manager might calculate the productivity of an employee by dividing the goods\/services produced by the number of labor hours within a period.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">For example, imagine a scenario where one employee makes $3,000 worth of sales in a week. Let\u2019s call this person Jennifer and assume she works 40 hours. At the same time, another employee makes $2,000. Let\u2019s call this person Jane and assume she works 20 hours. Using the productivity formula:\u00a0<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Jennifer\u2019s productivity is:<\/b><span style=\"font-weight: 400;\"> $3,000\/40hrs = $75\/hour<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Jane\u2019s productivity is: <\/b><span style=\"font-weight: 400;\">$2,000\/20hrs = $100\/hour<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">As you can see, Jane is more productive than Jennifer. This is despite the fact she generated fewer sales over the course of the week.\u00a0<\/span><\/p>\n<h3><b>2. Team or Department Productivity<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">Team or department productivity refers to the collective output of two or more individuals. The productivity of a team might be determined by dividing the<\/span><b> sales revenue generated <\/b><span style=\"font-weight: 400;\">by the <\/span><b>total number of hours<\/b><span style=\"font-weight: 400;\"> the team spent on a project.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">If a business wants to measure the productivity of different departments, it can do so in pretty much the same way as the examples above.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">For instance, a software company can determine the marketing department\u2019s productivity by looking at last month\u2019s production output and dividing it by the number of employee hours worked:\u00a0<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Output: <\/b><span style=\"font-weight: 400;\">1,000 leads generated<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Total employee hours worked: <\/b><span style=\"font-weight: 400;\">500 hours<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Department productivity<\/b><span style=\"font-weight: 400;\">: 1,000 leads \/ 500 hours = 2 leads\/hour.\u00a0<\/span><\/li>\n<\/ul>\n<h3><b>3. Business Productivity<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">Business productivity can be calculated in the same way and you\u2019ll be able to determine which employees, teams, or departments are most or least productive. You\u2019ll also have a formula for measuring the efficiency of the business as a whole in using its materials and resources.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The image below further illustrates this concept:<\/span><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-4330\" src=\"https:\/\/www.webwork-tracker.com\/blog\/wp-content\/uploads\/2022\/08\/Labor-Productivity.jpg\" alt=\"labor productivity formula\" width=\"764\" height=\"623\" srcset=\"https:\/\/www.webwork-tracker.com\/blog\/wp-content\/uploads\/2022\/08\/Labor-Productivity.jpg 764w, https:\/\/www.webwork-tracker.com\/blog\/wp-content\/uploads\/2022\/08\/Labor-Productivity-300x245.jpg 300w\" sizes=\"auto, (max-width: 764px) 100vw, 764px\" \/><\/p>\n<p><a href=\"https:\/\/www.smartsheet.com\/blog\/how-calculate-productivity-all-levels-organization-employee-and-software\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Source<\/span><\/a><\/p>\n<p><span style=\"font-weight: 400;\">The bottom line is that all businesses &#8211; whether<\/span><a href=\"https:\/\/www.webwork-tracker.com\/blog\/remote-hybrid-or-office-work-which-work-model-to-choose\"> <span style=\"font-weight: 400;\">remote, hybrid, or in-person<\/span><\/a><span style=\"font-weight: 400;\"> can use the productivity formula to determine productivity levels and improve efficiency in every area.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">However, you may have noticed that this version of the productivity formula is quite limited as a comprehensive measure of productivity because of its simplicity and the restriction in variables. Inputs and outputs are expressed in single units and this provides you with <\/span><i><span style=\"font-weight: 400;\">partial <\/span><\/i><span style=\"font-weight: 400;\">factor productivity.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In order to gain a more accurate measurement, you&#8217;ll have to use more inputs and outputs for calculating the overall productivity of the business. That&#8217;s where the <\/span><b>multifactor productivity formula<\/b><span style=\"font-weight: 400;\"> comes in.<\/span><\/p>\n<h2><b>The Multi-Factor Productivity Formula<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">This formula is designed to help managers measure productivity across different departments. It helps do this efficiently by taking into account different alternatives for input and output. This allows the formula to represent how each variable affects company productivity more accurately.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">This formula measures productivity by comparing the output to different inputs. This includes ratios of units produced to labor, materials, and capital.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">So, while the partial factor productivity formula makes use of one input, the multi-factor one uses the ratio of total outputs to a set of inputs.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Here\u2019s a quick example to illustrate this:\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Imagine a hardware manufacturer that purchases the latest machine technology to increase production. If this equipment allows the company to reduce employee costs by 50%, then the output will stay the same.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">But, since there are now fewer employees, the company&#8217;s labor and capital productivity will increase. Also, there&#8217;ll be a <\/span><b>decline of 40%<\/b><span style=\"font-weight: 400;\"> in material productivity. This is because the company&#8217;s output is constant and the purchased material has now increased.<\/span><\/p>\n<h2><b>Obstacles to Increasing Productivity<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">There are many things that stand in the way of becoming more productive in your business. These can include things like:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Poor time management<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Employees spending too much time on email or building web content<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Too many\/inefficient meetings<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Redundant or time-consuming manual processes<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Outdated technology<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Achieving \u201cbusyness\u201d instead of productivity\u00a0<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Increasing productivity often means isolating tasks that are wasteful of your resources. You should also evaluate alternatives that save time,<\/span><a href=\"https:\/\/www.webwork-tracker.com\/increase-revenue\"> <span style=\"font-weight: 400;\">increase revenue<\/span><\/a><span style=\"font-weight: 400;\">, and cut fixed and<\/span><a href=\"https:\/\/businessguru.co\/variable-expenses\/\"> <span style=\"font-weight: 400;\">variable expenses<\/span><\/a><span style=\"font-weight: 400;\">. In short, anything that creates a more productive work environment.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">At times, this may include using third-party services to ensure the timely and cost-effective creation of<\/span><a href=\"https:\/\/onehourprofessor.com\/best-privacy-policy-generators\/\"> <span style=\"font-weight: 400;\">privacy policies<\/span><\/a><span style=\"font-weight: 400;\"> or other legal documents.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Other times, it may prove more inexpensive and less timely to hire a<\/span><a href=\"https:\/\/onehourprofessor.com\/best-registered-agent-services\/\"> <span style=\"font-weight: 400;\">registered agent service<\/span><\/a><span style=\"font-weight: 400;\"> to assist with the legal side of business operations than trying to do it yourself or building an entire team or department from the ground up with the knowledge and skills necessary to ensure that your business and all related entities remain in full compliance with legal standards.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Many other unproductive tasks, such as time spent on content creation, email correspondence with clients, data collection, or clerical tasks. can be optimized and automated with software like<\/span><a href=\"https:\/\/onehourprofessor.com\/best-website-builders\/\"> <span style=\"font-weight: 400;\">website builders<\/span><\/a><span style=\"font-weight: 400;\">,<\/span><a href=\"https:\/\/www.sendx.io\/blog\/email-marketing-software\"> <span style=\"font-weight: 400;\">email marketing software<\/span><\/a><span style=\"font-weight: 400;\">, and similar tools.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">There is no one solution that can be used to increase productivity in all situations. Different issues create different levels of non-productivity. Isolating these sources of non-productivity, however, can be accomplished with the productivity formula regardless of the particularities of the situation at hand.\u00a0<\/span><\/p>\n<h2><b>How to Use the Formula to Improve Productivity<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">Fortunately, these obstacles can be addressed using some simple fixes. All you have to do is to identify and track productivity metrics that are important for your business. This will help you implement appropriate measures to manage and improve workforce productivity.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">For instance, use a<\/span><a href=\"https:\/\/www.webwork-tracker.com\/blog\/best-practices-to-introduce-time-tracking-to-your-team\"> <span style=\"font-weight: 400;\">time tracking<\/span><\/a><span style=\"font-weight: 400;\"> or performance management tool to make it easier to measure and<\/span><a href=\"https:\/\/www.webwork-tracker.com\/blog\/how-to-manage-a-team-of-freelancers-effectively\"> <span style=\"font-weight: 400;\">manage productivity<\/span><\/a><span style=\"font-weight: 400;\">.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">You can then invest in the efficient use of technology and automation to cut down on labor costs and gain a competitive advantage that allows you to further improve company productivity.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Areas you can focus on for improving productivity include:\u00a0<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Technological Improvements: <\/b><span style=\"font-weight: 400;\">Add these as inputs to expand outputs by more than their cost. For example with the boom in cloud computing and big data storage and analysis,<\/span><a href=\"https:\/\/enderturing.com\/blog\/contact-center-ai\"> <span style=\"font-weight: 400;\">AI contact center platforms<\/span><\/a><span style=\"font-weight: 400;\"> help improve efficiency in e-commerce environments. This leads to better performance, results and productivity.<\/span><\/li>\n<\/ul>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Technical Efficiency: <\/b><span style=\"font-weight: 400;\">Improve technical efficiency by using your existing technology <\/span><i><span style=\"font-weight: 400;\">or <\/span><\/i><span style=\"font-weight: 400;\">improving skills to work more efficiently.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Organizational Improvements: <\/b><span style=\"font-weight: 400;\">You may be able to improve productivity across the organizations by reorganizing teams according to strengths to more efficiently complete projects. Learn how to <\/span><a href=\"https:\/\/www.amazon.com\/Automate-Your-Busywork-Achieve-Brain\/dp\/1119901731\"><span style=\"font-weight: 400;\">Automate Your Busywork<\/span><\/a><span style=\"font-weight: 400;\"> and increase your productivity by checking out this book by Jotform&#8217;s CEO Aytekin Tank.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Increasing Scale: <\/b><span style=\"font-weight: 400;\">You can increase productivity by scaling your operation. This may require you to add to the number of workers, add new equipment,<\/span><a href=\"https:\/\/blog.coupler.io\/workflow-automation\/\"> <span style=\"font-weight: 400;\">automate manual workflows<\/span><\/a><span style=\"font-weight: 400;\">, or outsource certain work operations to contractors instead of in-house staff.\u00a0<\/span><\/li>\n<\/ul>\n<h2><b>Conclusion<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">I hope this article has answered your questions on what the productivity formula is and why it\u2019s important.<\/span><\/p>\n<h3><b>BYLINE:<\/b><\/h3>\n<p><img loading=\"lazy\" decoding=\"async\" class=\" wp-image-4329 alignleft\" src=\"https:\/\/www.webwork-tracker.com\/blog\/wp-content\/uploads\/2022\/08\/Screenshot_2.png\" alt=\"Author photo\" width=\"185\" height=\"181\" srcset=\"https:\/\/www.webwork-tracker.com\/blog\/wp-content\/uploads\/2022\/08\/Screenshot_2.png 340w, https:\/\/www.webwork-tracker.com\/blog\/wp-content\/uploads\/2022\/08\/Screenshot_2-300x295.png 300w\" sizes=\"auto, (max-width: 185px) 100vw, 185px\" \/><\/p>\n<p><span style=\"font-weight: 400;\"><strong>Ron Stefanski<\/strong> is a website entrepreneur and marketing professor who has a passion for helping people create and market their own online business.\u00a0 You can learn more from him by visiting<\/span><a href=\"https:\/\/www.onehourprofessor.com\/\" target=\"_blank\" rel=\"noopener\"> <span style=\"font-weight: 400;\">OneHourProfessor.com<\/span><\/a><\/p>\n<p><span style=\"font-weight: 400;\">You can also connect with him on<\/span><a href=\"https:\/\/www.youtube.com\/channel\/UCdsblmJD2Yls7GkPs9dE2TA\" target=\"_blank\" rel=\"noopener\"> <span style=\"font-weight: 400;\">YouTube<\/span><\/a><span style=\"font-weight: 400;\"> or<\/span><a href=\"https:\/\/www.linkedin.com\/in\/ronstefanski\/\" target=\"_blank\" rel=\"noopener\"> <span style=\"font-weight: 400;\">Linkedin<\/span><\/a><span style=\"font-weight: 400;\">.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Productivity is the key to a company\u2019s long-term survival. It allows a business to produce more goods and services for the same amount of work&#8230;.<\/p>\n","protected":false},"author":10,"featured_media":8141,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[169],"tags":[95,100,113,103],"class_list":["post-4326","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-productivity","tag-productivity","tag-time-management","tag-time-tracking","tag-time-tracking-software"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.4 (Yoast SEO v27.4) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>What Is the Productivity Formula and Why Is It Important?<\/title>\n<meta name=\"description\" content=\"Find out what means productivity for the company and why it is very important. 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