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Wednesday, May 24, 2006

Productivity Increase Doesn't Necessarily Mean Hiring New Employees

Although businesses become more productive that doesn't necessarily mean they are hiring more employees. Instead, it may simply mean that technology has made it possible to shorten a job as Barbara Hagenbaugh pointed out in her article in USA Today.

She cited an example from Computer Consulting 101 in the article:

"Jennifer and Joshua Feinberg have spent less than $10,000 in computer upgrades this year for their business, Computer Consulting 101, which teaches computer consultants how to run their firms. The West Palm Beach, Fla., couple say the investment has cut hours from their workload and allowed them to do the work themselves without hiring employees.

A $1,500 high-speed CD duplicator they are about to buy should cut an eight-hour job to just one hour.

"It's been like adding another half a person to our business," Joshua Feinberg says."

Learn more in the complete article (link above).

Submitted by Computer Consulting 101