State the benefits of productivity to management and workers.

State the benefits of productivity to management and workers.
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1 Answer

Answer :

Benefits to management 

a. Higher productivity earns good reputation of the firm.

b. Ensures stability of the firm.

c. Results in more profit.

d. Result in increased sales and provide opportunity for expansion.

Benefits to workers.

a. It gives more wages and incentives.

b. It provides safe and better working condition.
c. Job satisfaction and job security.
d. Standard of living of worker is improved.

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