Meaning ● Employee Productivity and Wages, in the context of Small and Medium-sized Businesses (SMBs), reflects the efficiency with which labor inputs are converted into outputs relative to the cost of that labor. Understanding this relationship is vital for sustainable SMB growth. Automation implementation directly influences productivity, where strategic deployments lead to greater output per wage dollar spent. Focusing on effective training programs enhances employee skills, translating to higher productivity rates even before or alongside automation efforts.
