Project Report
ACKNOWLEDGEMENT
I take this opportunity to express my gratitude towards those, whose guidance and co-operation has helped me immensely during the completion of this field report. This field report bears the imprint of many people who are directly or indirectly involved in successful completion of this endeavor. With great esteem and reverence, we wish to express our deep sense of gratitude towards the employees of LOKMAT who gave me time from their busy schedule and provided me such a valuable knowledge. Last but not least I am thankful to DR. J.N POL (Director Matrix Business School, Pune) and Mrs. Amrita Rath, for their support, trust and guidance.
NAME-VIVEK GUPTA MPM 1st SEMESTER
DECLARATION
I Vivek Kumar Gupta, student of master of personnel management hereby declare that all information, facts and figure in this report are based on my own finding and experience .I also hereby declare that all the facts, figures are up to utmost my own research. This information has been used purely for academic purpose.
NAME-VIVEK GUPTA MPM 1st SEMESTER
Introduction
Productivity & Labour Productivity
Productivity is a measure of output from a production process, per unit of input. For example, labor productivity is typically measured as a ratio of output per labor-hour, an input. Productivity may be conceived of as a metric of the technical or engineering efficiency of production. As such, the emphasis is on quantitative metrics of input, and sometimes output. Productivity is distinct from metrics of allocative efficiency, which take into account both the monetary value (price) of what is produced and the cost of inputs used, and also distinct from metrics of profitability, which address the difference between the revenues obtained from output and the expense associated with consumption of inputs. Labour productivity is the ratio of (the real value of) output to the input of labour. Where possible, hours worked, rather than the numbers of employees, is used as the
I take this opportunity to express my gratitude towards those, whose guidance and co-operation has helped me immensely during the completion of this field report. This field report bears the imprint of many people who are directly or indirectly involved in successful completion of this endeavor. With great esteem and reverence, we wish to express our deep sense of gratitude towards the employees of LOKMAT who gave me time from their busy schedule and provided me such a valuable knowledge. Last but not least I am thankful to DR. J.N POL (Director Matrix Business School, Pune) and Mrs. Amrita Rath, for their support, trust and guidance.
NAME-VIVEK GUPTA MPM 1st SEMESTER
DECLARATION
I Vivek Kumar Gupta, student of master of personnel management hereby declare that all information, facts and figure in this report are based on my own finding and experience .I also hereby declare that all the facts, figures are up to utmost my own research. This information has been used purely for academic purpose.
NAME-VIVEK GUPTA MPM 1st SEMESTER
Introduction
Productivity & Labour Productivity
Productivity is a measure of output from a production process, per unit of input. For example, labor productivity is typically measured as a ratio of output per labor-hour, an input. Productivity may be conceived of as a metric of the technical or engineering efficiency of production. As such, the emphasis is on quantitative metrics of input, and sometimes output. Productivity is distinct from metrics of allocative efficiency, which take into account both the monetary value (price) of what is produced and the cost of inputs used, and also distinct from metrics of profitability, which address the difference between the revenues obtained from output and the expense associated with consumption of inputs. Labour productivity is the ratio of (the real value of) output to the input of labour. Where possible, hours worked, rather than the numbers of employees, is used as the
Bibliography: Internet www.google.com www.lokmat.com Books 1. Organizational Behaviour ² L.M Prasad 2. Human Resource Management - Ashwathappa & L. M Prasad