Wider review of labour force measurement indicators

Many questions asked about other kind of indicators in the process of labour measurements whether in medical field or in wider view related to other careers. The process of labour force and achievements measurement become more needed than ever before because modern technology completely covered the whole role of human in work hours. Moreover, became more apparently difficult to get proper identification about the degree or level of achievements and what skills been used particularly for each. The failure to do proper identification of labour force and sort of work yield summation carries hazard on the work process and availability to get work done. The key not to have good employees and that well known for HR professionals but how they work and for what percent the demanded work going according to wanted schedules.

 Many of organizations neglect this small factor, because that would be focusing on how much work going to be done not labour appearance and general organization look. For sure appearance of organization employees are important but what the most important is the ability to perform and achieve career responsibilities in very good schedules with minimum human error and setbacks. The way we going to measure the productivity among labour force is differ mainly according to nature of work and what skills required within the same working done unite.

Productivity sharply differ among youth and mid age workers or elder members who used to do the same tasks with same routes and does not pay much attention to the new applicable modern methodologies. There is simple and most applicable productivity measurement among economists and financial analysts; the total volume of output represented the core economic labour force vehicle among numerous sectors. It is measured in term of GDP and applied to each unite of labour divided by number of employed persons and in some states which own accurate employment registries could be measured in easy than paper administration work. Growth of GDP of any nation related to the growth or declined curve of labour force give meaningful value for researchers in order to identify the proper correction solutions and what exactly the society needs to reach optimum productivity levels.

ILOSTAT’s indicator is the famous indicator was used in measurement of the productivity unite output in related to the purchase power parity. The indicator is a state work indicator; means does not work for working unites or with certain work field but on the level of country could be used efficiently. The indicator describe the whole productivity unite associated parameters such as age of employees and paid employment whether at work or with job but actually not at work in case of they were working in other working sites than the core work process, and also measures self-employment labour force integrity.

In order to calculate this indicator; there is the computational equation enumerated needed parameters to reach the final required values as follows:

Labour productivity =  GDP at constant prices/ number of employed persons

The resulted values help to reorganize decision maker policies and strategies of the labour market in order to get maximum yield of the society labour force. As well known the tax revenues for any state is considered indirectly on source of liquidity, it means not permanent and mainly depend on direct investment rat which offers jobs therefore, the success of investment also depending on the staff productivity involved for the investors themselves so, the vicious cycle easily would be broken for positive results if we put more care in the panel of professional productivity management than caring only with appearance. Full health J