The following factor helps in the tremendous increase in production
Answers
Answer:The following factors are the key factors affecting productivity in the workplace.
Technical factor: technology plays a great role in the productivity of the workplace. A workplace with the right layout and size of plant and machinery, ideal location, correct design of machines and equipment, automation, and computerization tends to be more productive.
Production factor: the production of every department of a workplace should be well planned, coordinated, and controlled. This will include the use of the right choice of raw materials.
Organizational factor: this entails how authorities and responsibilities are discharged and how conflicts are resolved in the workplace.
Personnel factor: human capital resources are the major assets of a workplace, productivity is enhanced by selecting the right individuals for suitable posts. Motivation is also important too, when workers are motivated, they will be more productive thereby boosting the overall productivity of the workplace.
Finance factor: finance is the life-blood of any business; there should be a better control over both fixed and working capital. When the finance of a workplace is judiciously utilized the productivity will increase.
Other key factors that affect the productivity of a workplace are management, government, and location. However, most organizations are often confronted with the challenges of low productivity in their workplace.