The Principles of Scientific Management, which revolutionized practices for workplace efficiency through the productivity formula.In the book, Taylor proposed the idea that employee productivity and motivation could be altered by changing specific variables.
By optimizing these variables, companies could maximize workplace efficiency and profits, while minimizing costs and eliminating inefficiency.Since Taylor’s ideas were published several decades ago, these important variables have been integrated into a simple equation that managers and leaders use to measure and improve employee motivation and productivity.The simple equation is called the productivity formula, and here’s how it works.
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