Let's look at the cost of an employee's wages per minute: A person earning £8,000 per annum, is costing in salary terms alone, 8p per minute. If overheads and other costs incurred by employment are taken into account, the figure would double or possibly treble!
Imagine after writing every memo or report, sending an invoice to the recipient to charge for the costs of time!
Time, or more precisely, the scarcity of time, is a major cause of stress. We all need a certain level of pressure to "get the adrenaline going" which helps us to respond positively and efficiently to a challange. However, too much stress and the quality of work begins to suffer.
Ultimately, by using your time effectively you stand a much better chance of getting things done and "getting it right". People are employed to manage resources (including time) to achieve results. Being busy is irrelevant unless it is with the right things. Efficiency is the ability to do things quickly to the required standards.
It is crucial to effective time management, only if the results are consistent with the job's objectives. Time is, in some senses, the ultimate scarce resource and the fundamental decision a person has to make is how to allocate the available time.
Good Time Management involves commitment and discipline to achieve results. It requires two basic questions:
We have now completed the first section and will move onto Role Analysis Of Job.