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.
Well, it amounts to using a simple calculation to determine the productivity rate. Weâll assume the company gathered the following information. Available work time: 500 minutes (8 hours & 20 minutes) Total lost time due to delays: 90 minutes (1 & Â½ hours) Actual work time: 500 minutes â 90 minutes = 410 minutes. Productivity rate is calculated by taking actual work time and dividing it by available work time: 410/500 = 82% production efficiency.