An important statistic is calculated by dividing the number of parts produced by the number of hours worked. This stat is called __________.

The statistic described—dividing the number of parts produced by the number of hours worked—is referred to as labor productivity. This measure provides a clear indication of how effectively labor is being utilized within a specific timeframe. By calculating labor productivity, organizations can assess the efficiency of their workforce, identify areas for improvement, and make informed decisions about resource allocation and operational strategies.

This statistic is crucial for understanding workforce performance, as it relates directly to output per unit of labor input. Higher labor productivity often signifies that employees are working effectively and efficiently, contributing to better overall operational performance.

In contrast, overall equipment effectiveness focuses more on machinery performance rather than labor alone. Operational efficiency generally encompasses a broader assessment that includes resources beyond just labor, such as materials and processes. Production yield pertains to the quality of output, specifically the proportion of acceptable products produced, rather than measuring the input-output ratio related to labor. Thus, labor productivity is the most accurate term for the statistic described in the question.