Productivity report

Productivity report
See also
Net pay Windstorm Insurance Peak demand Costing system Benefits of technology in business Insurance cover note Time budgeting Inventory adjustments Capacity analysis

Productivity report is an official document that includes information on the examined productivity in the institution. It is a result of a study that measures the dependence between real output and the labour time needed for it, usually marked as "output per hour of work". Productivity report also identifies areas for possible productivity improvement, and furthermore it should "identify, quantify, and place in priority order possible cost avoidances and savings".

Examples of productivity reports

Productivity report, as a type of management reports, is supposed to help management examine the efficiency and effectiveness of the institution, but it is also helpful in tracking any problems. Here are two common types of productivity reports used in law offices:

• Timekeeper productivity report

It is a report based on time – it identifies which of the timekeepers is the most hard-working. This report shows the amount of billable and non-billable hours, uncollectible hours (that are charged off) and not billed hours (that are on hold), which can quickly reveal who is more productive. The most important thing this report should exhibit is the amount of billed hours in opposition to the amount of payments received. This report has various period options, for example it can be monthly, quarterly, annually, etc.

• Case type productivity report

It is a report based on case types – bankruptcy, criminal, personal injury, etc. This productivity report reveals the profitability of the cases, so that the management, for example, could decide on which areas they should concentrate to become more profitable.

Productivity reports in US

In United States there is an official productivity report provided by the Bureau of Labor Statistics of the U.S. Department of Labor. It is released quarterly and the data are published in official press releases and in BLS journals, as well as they are available on the official website: www.stats.bls.gov. It is important to remember that this productivity statistics mostly cover only the manufacturing sector of the economy. The productivity measures in this report “reflect the joint effects of many influences” that include:

• changes in technology,
• capital investment,
• level of output,
• utilization of capacity, energy, and materials,
• the organization of production,
• managerial skill,
• the characteristics and effort of the work force.

References

• Donnes C.T., (2016), Practical Law Office Management, Cengage Learning, p. 263-264
• Kramer H.S., (2001), Game, Set, Match: Winning the Negotiations Game, ALM Publishing, p. 55-56
• Roghanian P., Rasli A., Gheysari H., (2012), Productivity Through Effectiveness and Efficiency in the Banking Industry, "Procedia - Social and Behavioral Sciences", Vol. 40, p. 550-556
• Shim J.K., Lansner J., (2016), 101 Investment Tools for Buying Low & Selling High, CRC Press, p. 104

Author: Monika Ptasińska