Que: What are the benefits of increasing productivity to the workers and management?
The benefits of increasing productivity to the workers and management are as follows:
- It helps management:
- To earn a good profit because of reduction in costs.
- To sell more, to earn profit.
- To have better utilization of resources.
- To stand better in the market.
- Provide overall prosperity and reputation of the company.
- Higher wages.
- Better working conditions, improved morale.
- Higher standard of living.
- Job security and satisfaction.