Labor efficiency refers to the actual labor hours spent on producing goods or services in relation to the planned labor hours. It is often used as a measure of production process efficiency and can be calculated by dividing the actual labor hours spent by the planned labor hours. A high labor efficiency indicates efficient labor utilization, while a low labor efficiency may indicate inefficiency or delays in the production process.

The standard dashboard 'BCO Man-hours Monitoring' can be used to monitor the extent to which the set budgets correspond to the actual hours worked by your employees. See how productivity and hours efficiency have developed throughout the year and how they relate to what you have budgeted.

Using the standard dashboard 'Employee Hours Analysis', you can analyze the hours recorded by employees. This provides insight into two key metrics: productivity and hours efficiency.