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The topic of increasing labor productivity for Russia is the most important task, without which the country will have no prospects for reaching the level of developed countries in the world. The results of labor productivity growth have a positive effect on personnel, capital, manufactured products, increased competitiveness, reduced costs, increased sales and profits. In this regard, at the federal level, a national project “Labor productivity and employment support” was developed and approved. The paper considers approaches to the concept of labor productivity, which differ among specialists of various profiles. Many of them mix the terms “efficiency” and “productivity”. A significant number of publications on the topic of labor productivity are actually devoted to efficiency, although efficiency and labor productivity are concepts that are not identical. It should be noted that labor productivity is associated with almost all performance criteria and is the most important of them. The factors that affect the productivity of a subsidiary to develop proposals for updating strategic documents determining its development in the future are analyzed. The factors of labor productivity according to the principle of taxonomy are considered. The main constraints to the growth of labor productivity are determined. The issues of increasing labor productivity are considered. The calculation of the total weight development coefficient of the personnel of one of the subsidiaries showed its growth of over 30%.