OPM300_Module 1 SLP

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1 OPM300 SLP 1 Trident University International OPM300 Introduction to Operations Management March 15, 2024

OPM300 SLP 1 OPM300 SLP 1 The effect of COVID-19 fell on the overall economy, along with the labor market, which stemmed unparalleled advances in labor productivity. Industries mostly affected by COVID-19 comprised construction, engineering, employment, transportation, and hospitality. Service Productivity Table 1 Medical and Diagnostic Labs Personal Care Services Employment (thousands) 337.0 Percent change: 2022 Labor productivity -6.8 Unit labor costs 6.7 Output -5.1 Hours worked 1.8 Labor compensation 1.3 Source: U.S. Bureau of Labor Statistics (2023) Since COVID‐19 illness, clinic labs have been confronted with an intensified aptitude for tests. Day-to-day actions of medical labs may be quickly drenched or disturbed by an improved capacity of COVID‐19 screening tests. Throughout one year, the labor productivity in the medical and diagnostic laboratories decreased by (6.8) from 2021 to 2022 (U.S. Bureau of Labor Statistics, 2023). With a close assessment, the facts in the above table are visibly pertinent to COVID-19 epidemic. A decline in productivity waged less in 2021 and differences in 2022 propose that medical and diagnostic was less valued, with concentrated demands of personal services throughout two years of COVID-19’s epidemic. The unit labor prices increased because infirmaries and additional establishments were contending for a crew of healthcare employees with skills that had become more valued throughout the sickness, and may establish labor flexibility by selling their services to other employers. 2

OPM300 SLP 1 The surge in output describes the rise in demands for medical and lab services through the initial two years of the illness, however, reimbursement outdid output proposing that managers were not repaying for extra productivity. It meant that they were disbursing an exceptional amount for labor alone. If demand and supply surge, customers will purchase more, and companies will supply more means that productivity will surge. On the other hand, because customers put greater importance on each division, but manufacturers were preparing to supply the units at a lesser cost, the outcome on cost depends on the extent of the modifications. Pandemic Effects on Service Productivity When COVID-19 hit, the service productivity in medical and diagnostic labs improved. One justification for this output surge is that, in many service industries, employees match their productivity to capacity or observed assignment. Once the amount of work is tall, employees willingly raise their productivity because they do not want to slack; there are various weights on each employee to retain a higher productivity. Then again, when the accessible amount of work is less, employees freely decrease their output, because they do not have what it takes to be industrious (Warren & Scoulas, 2021). This discovery made many consider that the epidemic could increase the variance between productive and less productive companies. Though, there were also difficulties. There were a lot of occupations suitable for telecommuting or more elastic work. 3

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OPM300 SLP 1 Conclusion Numerous industries across the nation witnessed their supply demands being disturbed, for their goods and services decreased, and deficiencies in provisions and contributions. During this time, the government applied plans to aid and retain workers in the labor force. From 2021-22, output decreased by 5%, with the general effect united enormous decreases in output (Warren & Scoulas, 2021). The impacts of COVID -19 changed productivity and counteracting services. Big businesses expected a decline in productivity in companies, partially because processes included Covid-19 anticipated to raise the price. 4

OPM300 SLP 1 References Bureau of Labor Statistics. (2023). Recent labor productivity, unit labor costs, and related data. Retrieved from https://www.bls.gov/news.release/prin2.t01.htm Hadjielias, E., Christofi, M., & Tarba, S. (2022). Contextualizing small business resilience during the COVID-19 pandemic: Evidence from small business owner-managers. Small Business Economics, 59 (4), 1351-1380. https://doi.org/10.1007/s11187-021-00588-0 Warren, K. E., & Scoulas, J. M. (2021). Excessive workload in special collection public services librarianship: Challenges, feelings, and impact. Journal of Library Administration, 61(3), 312-331. https://www.tandfonline.com/doi/abs/10.1080/01930826.2021.1883369 5

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