By Janis Petrini
July 7, 2011
Express Employment Professionals’ recent hiring trends survey of more than 18,000 business leaders brought to light some interesting statistics about time management. The survey confirmed what many in business have struggled with for years - there isn’t enough time in the day to accomplish everything.
The survey found that 31 percent of leaders did not consider a lack of time in their day an issue in their roles. For the other leaders in business, the survey revealed some telling information about what causes the lost time and how it can cost companies money. More than half of those surveyed said they lose nine work hours a week due to a lack of organization and 57 percent said they lose six work hours a week because of a lack of time due to disorganization.
Disorganization not only hurts deadlines, projects, and leadership accountability, but can cost companies money in lost hours and missed business opportunities. According to the survey, disorganized employees who earn $50,000 a year can cost companies an estimated $11,000 a year in lost hours. Whether it’s office and desk clutter or a flood of unorganized emails every day, lack of time management can hurt the entire company.
But, the effects of this lost time are not only contained at the workplace. In a 2009 survey conducted by AOL, 62 percent of at-work email users check their work email over the weekend, and 50 percent check it while on vacation. This trend can lead to stress in workers’ lives that can cause more strain and distraction while they are at work. Taking work home leads to health problems, as well. In a 2008 Health of Financial Advisors report, 63 percent of the respondents who said they lacked time management skills also experienced health issues including sleep apnea and high blood pressure.
In the hiring trends survey, 55 percent of those surveyed said their company did not provide training on managing increased workloads. As a company leader, it’s important to take action by holding a class and providing resources for employees to learn from so they become more productive and happier in their careers. As new employees join the organization, provide materials on time management expectations of the job and check back with them to make sure they’re meeting those expectations.
Stress and worry do not have to be the status quo at your organization, and the cost of letting them become part of your culture is too great to let disorganization continue.
Janis Petrini is owner/operator of Express Employment Professionals in Grand Rapids, Mich. She can be reached at [email protected]. Express Employment Professionals is a 2010 and 2011 winner of West Michigan’s 101 Best and Brightest Companies to Work For.