On the Need to Change Methodology of Calculating Labour Productivity

In May 2018 the Decree of the RF President formulated the task: an increase in labour productivity at the enterprises of basic non-primary sectors of the economy by at least 5% per year. Obviously, key performance indicators (KPIs) of companies with state participation should include this indicator. But this is hampered by imperfection of both the methods of calculating the indicator itself and the calculating methodology for the integral indicator of the companies’ KPI. In the article, the author cites a number of inaccuracies (defaults) in the traditional calculation of labour productivity and suggests a new approach to its calculation.