Efficiency
- Efficiency in the workplace is the time taken to do something.
- It measures the capability of the workers and managers. Are they capable to do some work or not.
- Efficiency increases productivity saves time and money.
Productivity
- Productivity measures the efficiency of the conversion. Productivity is the relationship between output generated by a production system and the input.
- It is the ratio of outputs of the system to input employed in the system.
- It is the dimensionless number.
