Training is one of the most important factors as it helps them to develop better skills Allowing the workers to work more efficiently, increasing their labour output per worker which shows a rise in labour productivity. However some forms of training such as “off the job” training can be deemed to be worthless as it doesn’t help the worker actually improve in the workplace and doesn’t help increase productivity.
Although training is important, a piece rate pay system would be a good way to improve labour productivity as labourers would only get paid in relation to the amount of products they produce. Therefore if anyone isn’t pulling their weight, their wages won’t be as high. It would also motivate employees to work harder in order for their wages to increase so they have a larger disposable income to spend on luxury Goods. However, this could lead to a lack of quality for the firms products as the workers forget about assuring quality.
in conclusion, training would be the most effective way to increase labour productivity as it increases the skills of the worker in order to improve their work performance, however if incorrectly done can be worthless and a waste of time and resources.