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"productivity increase" is a correct and usable part of a sentence in written English.
You can use it to describe any situation in which productivity gets better. For example, "The implementation of a new software system resulted in a productivity increase of 20%."
Exact(59)
A recent technical committee report recommended switching to natural gas as the main fuel for electrical production to boost productivity, increase efficiency and reduce environmental impact.
Worker number, total production and per-capita productivity increase with distance to the nearest neighbor.
The production of goods and services thus increases, along with the productivity increase, and employment levels do not have to decrease.
That means another productivity increase will be required.
The lowest 10% of American workers achieved a 64.9% productivity increase from 1979-2013.
However, investments are needed if we want to realise the productivity increase.
"It needs to increase productivity, increase morale and enhance the workplace".
Productivity increase was also confirmed in some cases.
Chile, meanwhile, grew by 4.9% a year and saw productivity increase by 1.1% a year.
Conversely, all of the five industries whose labour inputs have gone down have seen their multi-factor productivity increase.
Similar(1)
As long as the new equipment satisfies this the simple Productivity Increase + Healthcare Savings > Cost of Treadmill Per Employee equation, it makes perfect sense.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com