plant-and-machinery per employee

plant-and-machinery per employee

an accounting measure of a firm's degree of mechanization, which expresses the firm's plant and machinery as a ratio of its number of employees. See CAPITAL LABOUR RATIO, PRODUCTIVITY.

Collins Dictionary of Business, 3rd ed. © 2002, 2005 C Pass, B Lowes, A Pendleton, L Chadwick, D O’Reilly and M Afferson