Through communication the employer and employee will be aware of the goals,objectives,status and aims of the organisation hence both will work towards the same goals
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Effective communication skills can be useful in advancing your career. A benefit of communication skills is that you will be a more efficient worker.
Increase in capital per worker does increase real wages. The higher the productivity, the higher the standards of living.
capital deepening- "An increase in the amount of capital per worker; one source of rising labor productivity" (McEachern, 2009).
employee productivity = what does a worker accomplish in a day?
Effective vertical communication and employee satisfaction tends to go hand in hand. Subordinates feel respected by management, and managers should in turn feel respected by their staff. These higher levels of job satisfaction would increase the worker's drive to succeed and thus their motivation.
productivity
Productivity
An increase in the quantity of capital per worker, which is reflected by a movement along the per-worker production function. According to Simon Kuznets, changes in the quantities of labor and capital account for only one-tenth of the increase in economic growthAn improvement in the quality of capital per worker, and it is is reflected by technological change that rotates the curve upward. It accounts for nine-tenths of the increase in economic growth.
Productivity measures (such as output per worker-hour) and wage rates adjusted for inflation in the United States are:
Frederick Taylor's approach, known as scientific management, focused on breaking down tasks into smaller, standardized components to increase efficiency and productivity. He believed in closely monitoring and controlling worker performance to maximize output. Taylor's methods emphasized systematic measurement and analysis of work processes to identify and implement the most efficient practices.