By end of the 1980s, the company was manufacturing residential, commercial and industrial generators, and in 1989, Generac introduced the first gaseous-fueled automatic home standby system. In 1992, Generac began private labeling generator sets for Caterpillar, Inc.
Elements of the Productivity Ratio. The labor productivity ratio, in its simplest form, looks like this: output/input. Simply divide the amount of output you're getting by the amount of work you're putting into it. This requires you to assign numbers to both input and output so that you get a meaningful figure.
To get a more accurate look at productivity in setting a standard, extend the process to encompass a full year's worth of productivity to get the standard rate. 5. Use the standard to calculate percent of productivity of later periods by calculating the productivity for that period using the set process used for the standard. Multiply the new productivity period percentage by the standard percentage to get the total productivity percentage based on the standard baseline. Productivity records.