Enter the total value of the goods produced and the total labor hours put into producing those goods to determine the labor productivity.
- Labor Force Participation Rate Calculator
- Cost of Goods Manufactured Calculator (COGM)
- Manufacturing Overhead Calculator
- Labor Rate Variance Calculator
- Agile Velocity Calculator
- Multifactor Productivity Calculator
- Laboratory Productivity Calculator
Labor Productivity Formula
The following equation is used to calculate a labor productivity.
LP = GDP / LH
- Where LP is the labor productivity
- GDP is the value of the goods produced. When analyzing a country’s labor productivity this is the gross domestic product
- LH is the total labor hours that led to the product of the goods.
To calculate the labor productivity, divide the GDP by the total labor hours.
Labor Productivity Definition
A labor productivity is a measure of the our efficiency or amount of value a specific segment can produce with a certain number of labor hours.
