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

Author

Listed:
  • Daniel Tobă

    (University of Craiova, Romania)

  • Dalia Simion

    (University of Craiova, Romania)

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.

Suggested Citation

  • Daniel Tobă & Dalia Simion, 2014. "Considerations Regarding The Calculation and Evolution of Labor Productivity in Terms of Combining Technical Factor - Capital," Annals of the University of Petrosani, Economics, University of Petrosani, Romania, vol. 14(2), pages 253-260.
    • Handle: RePEc:pet:annals:v:14:y:2014:i:2:p:253-260
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    References listed on IDEAS

    as
    1. Mirela Monea, 2009. "Financial Ratios - Reveal How a Business Is Doing?," Annals of the University of Petrosani, Economics, University of Petrosani, Romania, vol. 9(2), pages 137-144.
    2. Mirela Monea, 2013. "Information System of the Financial Analysis," Annals of the University of Petrosani, Economics, University of Petrosani, Romania, vol. 13(2), pages 149-156.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    labor productivity; efficiency; degree of technical endowment; production; employees;
    All these keywords.

    JEL classification:

    • D01 - Microeconomics - - General - - - Microeconomic Behavior: Underlying Principles
    • M21 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Economics - - - Business Economics

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