Considerations Regarding The Calculation and Evolution of Labor Productivity in Terms of Combining Technical Factor - Capital

Daniel Tobă () and Dalia Simion ()
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Daniel Tobă: University of Craiova, Romania
Dalia Simion: University of Craiova, Romania

Annals of the University of Petrosani, Economics, 2014, vol. 14, issue 2, 253-260

Abstract: The efficiency of labor, as evidenced by average productivity indicator is linked to the existence of social conditions which relate to education, qualifications and experience of staff, division of labor employment, labor discipline, but also the existence of objective conditions, technical and technological, as modernization of production and the availability of equipment to employees. The content of the article we will highlight an analysis of the calculation, and the evolution of labor productivity in terms of the elements related to the value of labor used in relation to operational staff of the company. We will also reveal the evolution of labor efficiency and profit when the company capital factor is constant, given the need to increase production.

Keywords: labor productivity; efficiency; degree of technical endowment; production; employees (search for similar items in EconPapers)
JEL-codes: D01 M21 (search for similar items in EconPapers)
Date: 2014
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