The issue of productivity has become an integral issue for firms and governments over the years. This concern has been necessitated due to the positive spillover effect productivity has on economic and social development as well as its significance in raising incomes and ensuring enterprise competitiveness. Available research has shown that productivity is the engine of sustained long-run economic growth. It is evident that the most productive firms and government policies that are productivity-oriented are geared towards the enhancement of working conditions, principles of market economy as well as human-oriented management styles in a harmonious industrial environment.
Productivity is a multifaceted concept which involves the improved efficiency and effectiveness of an activity. The concept is essentially associated with the task of “doing more with the same or fewer quantum of available resources.