Labor Productivity Analysis and Factors Affecting Oromia Credit and Saving Share Company
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Date
2018-10
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Addis Ababa University
Abstract
Now day’s productivity is an issue of any organization that they talk about it and give emphasis to
survive and compete in the dynamic market. Among other partial productivities, several research
works indicated that the productivity of labor is the prime concern and it is considered as the engine
of any kind. Because much of the success of any organization relies up on the productivity of its
workforce and for many businesses the most significant cost is labor, all efforts are focused on
improving workforce productivity.
Never the less the Oromia Credit and Saving Share company has been indicating reasonable
growth in the first decade of its operation, its staff productivity was very low as compared to the
resource allocated for the performance of its huge workforce. In an attempt to improve this, this
study aims to analyze the staff productivity of OCSSCO and identify the factors affecting it. The
study chosen labor productivity based on the results found from secondary data of the company
and includes an analysis of statistical correlation of primary data between the factors affecting
labor productivity. The study used productivity index concept to identify which partial productivity
adversely affecting OCSSCO’s productivity and confirmatory factor analysis to identify the vital
factors affecting the staff productivity of it.
The findings of this thesis indicated that, the significantly factors impacting staff productivity of
OCSSCO are motivation and commitment, staff retention and working environment factors. Even
though the impact of leadership and staff training results investigated on labor productivity of
OCSSCO were not significantly supported, these two factors are strongly correlated with the other
three left factors which their effects directly influence these factors.
The developed conceptual frame work model helps the company to use human resource efficiently
and effectively by improving the vital factors.
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Keywords
Oromia Credit and Saving Share Company, Labor Productivity, Factors