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Define Labor Efficiency

Labor Efficiency: It is a measure of how proficiently a given workforce accomplishes a task, whenever compared to the standard in that setting or industry. There are some different manners to measure labor efficiency, depending on the kind of products and services being formed, and the end goal. The companies periodically assess effectiveness all along with other characteristics to recognize weak points in the labor force and determine where they encompass room for enhancement, with the goal of enhancing the overall quality of goods and services as keeping costs down.

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