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Need for assistance in Efficiency rating Procedures
This subject can be explained as a procedure that is in relation to performance. The computing of such is done by comparing the time taken actually to finish a job with the standard or allotted time to perform the given task in question. A worker can only be considered an ace when he or she completes the work within the standard time mentioned.
To calculate the efficiency the amount of the standard time must be divided by the actual time taken and then multiply it with 100 in order to get answer in percentage.
The essentials for rating procedures are-
- Calculation of wages
- Grounding of manual labor budget necessities or manpower requirements
- Determining the productivity with use of input and output ratio
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