Labor Efficiency Notes: Definitions & Explanations PDF | Download eBooks
Study Labor Efficiency lecture notes PDF with project management definitions and explanation to study “What is Labor Efficiency?”. Study labor efficiency explanation with project management terms to review project management course for online MBA programs.
Labor Efficiency Definition:
Labor efficiency is the most common factor which says that we learn more each time we repeat a task.
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Labor Efficiency Notes:
A concept that outlines the fact that a person gets better at a job, the more he/she performs it is called learning curve effect. A number of different factors contribute to the learning curve effect/phenomenon. However, the factors are not independent and relate to each other to some extent. One of the factors is called labor efficiency. Labor efficiency is the factor that is very closely related to the learning curve phenomenon. When a person performs a task again and again, he/she needs less supervision to perform it, and as a result efficiency increases. The time and cost associated with performing the task also decreases. An efficient employee is the need of an organization and he/she must be retained for efficient completion of work.
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