Time management: are you a time saver or a time spender

Do you feel like there is simply never enough time in the day to get your business firing on all cylinders? Your personal time management beliefs may well be contributing to your productivity downfall, but a change in mindset can do wonders for business as well as your stress levels.

We each have 24 hours in our day, so why is it that some people breeze seamlessly through their tasks and others struggle with time?
 
Firstly, in order to make positive time management changes it’s important to develop the mindset that your time is valuable. In other words, recognizing the importance of what you do and deciding what deserves your energy. The essence of working effectively is firstly knowing what to do, and secondly just doing it.
 
TRIVIAL INTRUSIONS
While these may appear to be very simple steps at first glance, with so many distractions and interruptions in the workplace it’s easy to lose focus. Research has demonstrated that about 2.1 hours per day is wasted on trivial intrusions. These time wasters destroy any attempt at effective time management if they are not identified and eliminated. Some interruptions, of course, are necessary and cannot be avoided, but many are just needless annoyances.
 
Think about your working day and consider all of the inconsequential disturbances that may occur. Some of the biggest time wasters include checking Facebook, texting, social chit-chat, smoking breaks, IT issues, humorous emails, feeling tired, personal phone calls, questions from colleagues, and notifications. It’s easy to see just how quickly 2.1 hours can accumulate.
 
Additionally, a lot of time may be spent on low payoff activities, rather than high-payoff activities. Our high-payoff activities are those that bring us maximum return. Essentially, they are tasks or actions that are the most significant. High payoffs are duties that are generally aligned with our KPIs or targets, or form part of our job description.
 
Low-payoff activities are those activities that, in reality, don’t significantly impact on results or the bottom line. And yet it’s often these tasks that get the majority of our attention. Why? Well, firstly they often require minimal effort and can be done quickly. This provides us with instant gratification – we feel as though we’ve been ‘busy’. Additionally, because they are easier, they may be more pleasant and enjoyable to complete than high-payoff tasks.
 
IDENTIFY AND ELIMINATE
High-payoff activities will vary from person to person, job to job. A low payoff for one individual may well be a high payoff for another. Either way, it’s vital you have a clear understanding of what your high payoffs are. That way, you can ensure that maximum time is devoted to these.
 
The trick is to identify your low payoffs and, once you’ve done so, consider ways to remove or eliminate them. Not everything has to be done by you! Create a list outlining low-payoff tasks in one column and high payoffs in the other. Doing this will provide clarity about where the majority of your time is being depleted, and allow you to recognise where your time should be invested.
 
Remember, good time management is about managing yourself. We all have the same amount of time, but what we do with it and how we use it will determine whether or not we are successful. Happy planning!


This is a slightly amended version of an article written by Nikki Heald, founder of Corptraining and co-author of Views On The Way To The Top. It has been shortened to make it suitable for web publishing.

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