Saturday, 21 March 2015

Will you make the right choice?

Recent economic fugues show that unemployment has fallen in the UK - there are more people employed than there have been for many years.

Yet, over this period of jobs growth, productivity has fallen.

The UK seems to have chosen jobs over productivity as the way out of the economic crisis.

This might be a sensible short-term approach ... but there is a danger that the country ends up as a low cost, low skill economy.

As a business owner, you have the same kind of choice to make.

Do you invest in your workforce to create high-skilled, flexible workers - or do you use cheap recruits from the jobless queue and discard them as necessary?

Both might be workable approaches.

If the rest of Europe starts to pull out of its current poor economic shape, then if you have chosen the second option, you might find yourself uncompetitive.

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