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.
Calculate the productivity for the following operations: a) Three employees processed 600 insurance policies last week. They 8 hours per day, 5. days per week. b) A team of workers made 400 units of product, which is valued by its standard cost of $10. each (before markups for other expenses and profit).