Productivity/ˌprəʊdʌkˈtɪvəti,ˌprɑːdʌkˈtɪvəti/ Definition 1 of 4Pro Tip 1/2Industrial Context Used in business or industrial settings to discuss performance. The factory's productivity increased by 20% this year. Pro Tip 2/2Workplace Jargon Common in workplace scenarios detailing efficiency. We're introducing new policies to improve workplace productivity.