METHOD OF MODELING AND FACTOR ANALYSIS OF LABOR PRODUCTIVITY

Array

Authors

  • V. Kostiuk O.M. Beketov National University of Urban Economy in Kharkiv
  • I. Milkin O.M. Beketov National University of Urban Economy in Kharkiv

Keywords:

factor analysis, factor, model, method, labor productivity.

Abstract

The article deals with the method of modeling and factor analysis of labor productivity. It has been emphasized that labor productivity is one of the most important indicators characterizing the operation and performance of any enterprise. In the system of generalizing indicators of production efficiency, this indicator occupies a special position since it characterizes the achieved level of development of the material and technical foundation of production, efficient use of production potential, and technological advances. It has been emphasized that the change of this indicator depends on various factors characterizing the efficiency of labor and technical potential of an enterprise. Thus, the factor analysis of this indicator is crucial, i.e. studying the influence of structural and production factors on its change. The efficiency of the use of fixed assets, in particular production equipment, has a decisive influence on the change of labor productivity. The most efficient use of machinery and equipment contributes to a significant increase in performance. The article emphasizes that a crucial means of analytical research is the modeling of this indicator. In the course of modeling factor systems of labor productivity, it is necessary to consider the key factors characterizing the structure and efficiency of labor and technical potential of an enterprise, which directly influence the change of the labor productivity of an employee. This is, first of all, the enterprise personnel structure (the number of workers out of the total number of employees), the average output of one worker, labor capital, capital efficiency of fixed assets, their active part, utilization rates of production equipment, and the productivity of existing equipment. To understand the impact of the above factors on the change of productivity of one employee, a step-by-step factor analysis, using the method of chain substitution, has been suggested. The given method of modeling and factor analysis of labor productivity makes it possible to determine the influence of crucial factors on the change of this indicator, study the patterns of such influence, identify internal growth reserves, and ground appropriate managerial decisions on further use of labor and material resources of an enterprise.

Author Biographies

V. Kostiuk, O.M. Beketov National University of Urban Economy in Kharkiv

PhD, Associate Professor

I. Milkin, O.M. Beketov National University of Urban Economy in Kharkiv

Senior Lecturer

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Published

2021-03-26

How to Cite

Kostiuk, V., & Milkin, I. (2021). METHOD OF MODELING AND FACTOR ANALYSIS OF LABOR PRODUCTIVITY: Array. Municipal Economy of Cities, 2(162), 64–70. Retrieved from https://khg.kname.edu.ua/index.php/khg/article/view/5766

Issue

Vol. 2 No. 162 (2021): Series: Economic science

Section

статьи

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