This can help anticipate these minuscule downtimes to be corrected immediately. Losses A company usually encounters these familiar forms of losses: downtime loss (equipment failures, setup changeovers, etc.), speed loss (small stops, rough running, etc.) and quality loss (scrap, reworking, etc). The key to productivity improvement is to know what they are and how to solve them. Self-Assessment As Key To Productivity Lacking productivity is one of the major reasons why there are so many people who are unhappy in this world. Because of being unproductive, many people are not able to get the job that they want or meet others who they are interested with. Although being laid back is a natural part of an individual's personality, something should be done about it because if this continues, this will affect the entire well being of the person as well as his or her decision making in the future. Covey comes different principles that lead to effectiveness from high and satisfying work performance. Since the principles have been introduced, the human resources sector has never been the same again. Now, it has working principles and frameworks that serve as guidance for employees who strive to do better and increase productivity within and outside the workplace. The opposite could also be true. In periods of fast outputs and real income growth, it is easier for monetary authorities to impose anti-inflationary rules. So far, the economists are not yet clear on any stable relations between inflation and either capital formation and technological change. By the same token, it is argued that inflation and productivity could be unrelated. In effect, the studies showed that profit-sharing extended to non-managerial employees had increased productivity more than what the profit-sharing scheme with managerial workers did. Benchmarking also raised labor productivity by 6%. Computers To date, computers have also played a significant role in productivity increase (12% output) compared in the 80 s when equipment investments accounted for 7% output growth. Effective tips to increase productivity For people who have just realized the importance of productivity and would want to start it but they just don t know how, here are some of the things that could be really helpful with the process: 1. Take time to reflect and re-assess yourself. People think that they know themselves already that is why they refuse to do self-assessment on a regular basis.