Use this Online Employee Productivity Calculator to get the desired metric in just a few clicks or download a free template in Excel.
| Employee Productivity Calculator | |
|---|---|
| Unit Productivity | |
| Total Number of Units | |
| Total Duration | |
| No. of Employees | |
| Unit Productivity : | Units Per Employee |
| Dollar Productivity | |
| Total Cost of Goods | |
| Total Duration | |
| No. of Employees | |
| Dollar Productivity : | |
| Hourly Productivity | |
| Total Number of Units | |
| Total Duration | |
| Working Hours per Day | |
| Hourly Productivity : | |
Employee Productivity Calculator is an excel template that helps you calculate employee productivity for manufacturing, sales/marketing, and service industries.
Therefore, just enter the required data and you can calculate the productivity in terms of units, dollars, hours, etc.
Table of Contents
Employee Productivity is the production/revenue received during a specific period against the number of employees or resources consumed in that specific period. Productivity is measured differently depending on the industry.
Thus, in the manufacturing Industry, employee productivity can be measured in terms of units produced per period, units produced per employee, the worth of goods in dollars per period, the worth of goods in dollars.
Moreover, for the Sales/Marketing Industry, it is measured in terms of sale of units per employee per day, sales in dollar per employee per day.
Whereas, in the Service industry, employee productivity is measured in terms of clients/projects handled per employee, the number of projects completed per employee or per hour, etc.
The basic formula for calculating employee productivity is the output divided the input during a particular time.
There are 3 types of employee productivity: Unit Productivity, Dollar Productivity, and Hourly Productivity.
You can obtain employee productivity by dividing the average output per period by the total inputs consumed during that period. The input includes capital costs, energy costs, material costs, and manpower.
Furthermore, while we measure sales productivity, we will have to add a variety of additional outputs, like the number of new customers, the number of positive leads generated, and the volume of sales in dollars.
Moreover, in the service industry, as intangible outputs are involved you will be able to measure the number of customers served or the number of tasks completed.
Whereas, in the manufacturing industry, you will either measure the production per employee or worth of goods one employee can produce during that specific time.
Besides, productivity in the service industry changes depending on the industry. It all depends upon the purpose and industry for which you measure productivity.
Thus, as shown in the example below, turning the company into a sales company gives the revenue per salesperson, and the same in manufacturing shows the units per employee or worth of unit produced per employee.
Let us understand with a simple example.
Company A has is a manufacturing unit and produces 523 units in a week utilizing 15 employees. So applying the formula output/input we get 523/15 = 34.86 units per employee per week.
Moreover, it can also be measured in terms of hours. Let us assume that the value of 523 units is $50,000 and the unit is working averagely 21 hours a day.
Thus, to calculate the productivity you need to multiply 21 hours to 5 days a week which is 105 hours total. Thus, 523/105 = 4.98 units per hour or 50000/105 = $ 476.19 per hour.
Additionally, when we turn Company A into a Sales Agency, if Company A generated sales of $ 110,000 in a week utilizing 20 salespeople.
Hence, output/input = 110000/20 = $ 5,500 Sales revenue per salesperson per week. Per day sales will be calculated by $ 5,500/5 working days = $ 1,100 per person per day.
To simplify the process, we have created a simple Employee Productivity Calculator Excel Template for the manufacturing, sales/marketing, and the service industry.
In this template, you need to enter the required data and it will perform the calculations automatically according to the given formula.
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Click here to Download All HR Metrics Excel Templates for ₹299.
Additionally, you can download other useful HR Metrics Templates like Human Capital ROI Calculator, EBIT Per FTE Calculator, Turnover Cost Calculator, Yield Rate Calculator, and many more from our website.
Let us understand how to use this Calculator in detail.
This template consists of 3 major sections: Manufacturing Industry, Sales/Marketing Industry, and Service Industry.
Each of the above sections is further divided into subsections.
In Manufacturing Industry, employee productivity is measured in terms of units, dollars, and hours.
For Unit Productivity, you need to enter 3 details; No of Units Produced, Duration of Production, and Number of employees.
When you enter these 3 details it will calculate the following Employee productivity for you:
For Hourly Productivity, you need to enter 4 details; No of Units Produced, Duration of Production, Number of employees, and working hours per day.
When you enter these 4 details it will calculate the following Employee productivity for you:
For Dollar Productivity, you need to enter 4 details; No of Units Produced, Duration of Production, Price Per Unit, and Number of employees.
When you enter these 4 details it will calculate the Total Cost of goods as well as the following Employee productivity for you:
In the Sales/Marketing Industry, employee productivity is measured in terms of units and dollars.
For Unit Productivity, you need to enter 3 details; No of Units Sold, Duration, and Number of employees.
When you enter these 3 details it will calculate the following Employee productivity for you:
For Dollar Productivity, you need to enter 4 details; No of Units Sold, Duration, Price Per Unit, and Number of employees.
Moreover, when you enter these 4 details it will calculate the Total Cost of goods as well as the following Employee productivity for you:
In the service industry, employee productivity is calculated in terms of clients or projects, dollars, and hours.
For Client/Project Productivity, you need to enter 3 details: Number of Clients/Projects Completed, Duration, and Number of employees.
By entering these 3 details it will calculate the following Employee productivity for you:
For Dollar Productivity, you need to enter 3 details; Revenue Per Week/Month, Duration, Price Per Unit, and Number of employees.
Thus, by entering these 3 details it will calculate the following Employee productivity for you:
For Hourly Productivity, you need to enter 4 details; Revenue Per Week, Duration, Number of employees, and working hours per day.
Thus, when you enter these 4 details it will calculate the following Employee productivity for you:
Moreover, this template can be helpful to manufacturing units, sales managers, freelancers, service providers, etc.
There are many benefits when it comes to measuring employee productivity. Thus, here are a few that will convince you to focus on this aspect of employee management.
Hence, measuring employee productivity must be an important part of any business.
Additionally, as an employee is an investment, the Human Capital ROI must exceed the employee cost. Therefore, the growth of an organization lies in the difference between an employee’s productivity and employee cost.
Employee productivity has a huge impact on profits. With a simple equation, you can track productivity per individual, team, or even department. Here are some simple steps you can take to improve employee productivity.
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Employee Engagement, Workplace Environment, and Technology are the three crucial things that affect employee productivity.
Lower productivity has a big impact on employee morale. Moreover, it also hinders efficiency. Eventually, the profit margins of the company are also affected.
Unfortunately, lower productivity is the result of internal issues like poor management, unavailability of proper tools and equipment, etc.
The 70 percent rule is a time management principle that suggests that employees should withhold at least 70% of their time productive out of total working hours. This markup is the best performance. To effectively do this you need to prioritize your tasks.
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