When analysing dental businesses and individual team members I try to keep in mind “5 E”s that apply to successful clinical practice, effective, ergonomic, economic, ethical, efficient. I have always believed that principals, and those who truly have “skin in the game” perform better on most, if not all, of the “5 E”s.
The workforce generally could learn a lot from some of my case studies.
RBS Chief Economist’s Weekly Brief – Shifting sands
Harder, better, faster, stronger? Hardly. Yet another year has passed without any productivity growth in the UK. In fact, output per hour worked actually fell 0.2% over the year to Q4 2018. The only reason the economy grew at all was because more people worked than ever before. Yet each worker now produces a mere 2% more than before the 2008 recession struck (whereas our American cousins are churning out 15% more every hour worked). Bad news is that the awful run is unlikely to let-up soon; both weak investment and slowing trade are likely to drag on productivity growth in 2019.