Workforce productivity is the sum of what employees do each day. Put simply, this concept denotes the total amount of goods and services produced through an understanding of an organization's biggest asset — its people. Payroll often ranks highest among company expenditures, sometimes using up to one-third of a company's revenue. With labor shortages impacting the supply of available workers and turnover rates, employers must hire the right people and ensure that they’re creating environments for employees to be able to work in the most efficient manner. Hiring, onboarding, and productivity standards are extremely important for businesses to invest in.