Final answer:
The acceptable quantity of work an employee is expected to do is referred to as a Performance Standard. It helps align an individual's output with the company's goals, measured not only in terms of output per hour but also through other metrics such as GDP per worker.
Step-by-step explanation:
The acceptable quantity of work that an employee is expected to do is known as a Performance Standard. This metric is often established by management to quantify the amount and quality of work an employee should deliver within a given timeframe. Knowing your Performance Standard means you are aware of what is expected of you in your role, and you will be held accountable for achieving these standards. While this can certainly be measured in terms of output per hour of work, there are indeed other methods to gauge productivity. For instance, considering Gross Domestic Product (GDP) per worker or even more qualitative factors such as customer satisfaction and the quality of work.
Productivity measurement is important because it helps managers and employees understand whether they are meeting the strategic goals of their organization. Productivity can be influenced by factors such as the resources provided, support from management, and the training and skills of the workforce. Therefore, Performance Standards can help align employees' efforts with the organizational objectives, driving overall success.