By end of the 1980s, the company was manufacturing residential, commercial and industrial generators, and in 1989, Generac introduced the first gaseous-fueled automatic home standby system. In 1992, Generac began private labeling generator sets for Caterpillar, Inc.
Elements of the Productivity Ratio. The labor productivity ratio, in its simplest form, looks like this: output/input. Simply divide the amount of output you're getting by the amount of work you're putting into it. This requires you to assign numbers to both input and output so that you get a meaningful figure.
As a business owner, you must measure productivity to know if the money you spend on labor is paying off in terms of output. The labor productivity ratio is the simplest way to find out if you're getting the production you need. Use this ratio on a regular basis, and you'll remain aware of your employees' productivity.