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 disorganized emails every day, lack of time management can hurt the entire company.
But, the affects of this lost time are not only experienced in 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, which 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. At Express, we can help your company manage the work overload by meeting human resources needs through flexible staffing, evaluation hire, and a toll-free HR hotline. We can also provide knowledge-based training programs to help your employees stay engaged and learn valuable time management techniques.