from the Desk of Brian Bickett, CFP®
Staying on task…
This week’s career article covers one small company’s experiment with forcing the reduction of the workday to 5 hours
The experiment has some interesting results and, in the end, they did need to make some adjustments and exceptions in order to effectively serve their customers.
The results do support two, what I believe to be, commonly held theories that work tends to expand to the time allotted for it and the increased productivity of “deep work” – the ability to focus without distraction on a cognitively demanding task. I’ll admit that I am experiencing the effects of the first theory and the lack of the second while wrapping up this week’s notables.
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(Emily McCormick, Yahoo Finance) – This week’s economic article details the recently released October Jobs Report which includes the impact of the 40-day United Auto Workers strike against General Motors. The unemployment rated increased to 3.6% from September’s 50-year low of 3.5%.
(Harry Sit, MarketWatch) – This week’s healthcare article details the author’s experience where paying cash for a minor medical bill instead of applying it towards his insurance deductible saved money at the time. This works as long as the annual deductible is never met, however iIt doesn’t work so well if annual out of pocket expenses exceed the deductible. Like most financial subjects, everyone’s situation is unique, therefore there’s no blanket solution that works well for everyone.
(Eric Morath, WallStreetJournal) – This career article explores one small company’s experiment with reducing the workday to five hours while leaving salaries and vacation time at the same levels. It is an interesting story which talks to the theories of the efficiency of so-called “deep work” and how tasks tend to fill the time allotted for them. This experiment did take place in Germany, however I do not believe that any cultural differences would change the results.
(Harry McKinzie, VisorDown) – I thought you would find this motorcycle industry article interesting because it provides the impressive list of improvements to the S1000 XR for 2020.
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