What are the benefits of increasing productivity to the workers and management?

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Que: What are the benefits of increasing productivity to the workers and management?

Answer:

The benefits of increasing productivity to the workers and management are as follows:

 For Management:

  • 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.

For Workers:

  • Higher wages.
  • Better working conditions, improved morale.
  • Higher standard of living.
  • Job security and satisfaction.