How Might The Medical Device Tax Spur Interest In New Collaborative Tools?

Using Collaborative Tool to help minimize the impact of the Medical Device Tax.?

As companies continue to deal with the impact of the medical device tax, new technologies and applications can help reduce or eliminate the negative effects. New collaboration capabilities in CRM, SharePoint, Yammer and even Office make it easier than ever to increase productivity of all teams. Teams that can collaborate and help each more effectively can handle high volumes of activities with higher quality.

medical-device-tax | Photo Courtesy of SalFalko http://www.flickr.com/photos/safari_vacation/5961260280/sizes/q/

The 2.3 percent?medical device tax?that went into effect this year has prompted significant layoffs in the industry. This means those still employed are being asked to do more with less.

In 2012, U.S. medical device and diagnostics companies laid off more than 5,000 workers, and employees worked longer hours for shrinking bonuses and stagnant salaries, according to survey results reported on the Medical Device and Diagnostic Industry website.

With many positions eliminated, respondents reported working a median of 50 hours of work per week (up from 48 in 2011), while compensation remained flat.

?The 40-hour work week in the medical device industry is a thing of the past,? says Tom Johasky, general manager and president of Medical Device Recruiters. ?Because of economic conditions, companies are asking their employees to do a heck of a lot more than what they?ve ever done.?

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