The cost of 60 minutes lost

The cost of 60 minutes lost each day | Setting on the start line on time | Solution Ezidoesit Oscar Wilde the Irish playwright wrote in the play ‘Lady Windermere’s Fan’ about "A man who knows the price of everything and the value of nothing". With the current global economic crisis, this phrase could also be said of bankers, politicians and business leaders.

However, what about those of us defined by what we do as Knowledge Workers or Information Workers. Those of us who work in offices, who use computers and spend quite a lot of each day in email communicating with other knowledge workers inside and outside of the company within which we work.

What is the cost of the unnecessary distractions and interruptions of email? How much does it cost for knowledge workers to get to the start line every morning; and I am talking here about starting work on productive tasks, not arriving at work. So let us look at the gain of 60 minutes saved each day by each knowledge worker.

The cost of 60 minutes lost each day

If you could save 60 minutes every day through an easy and fast way of scheduling your daily tasks, what would the savings to the company you work for?

In the United States, based on an average wage of $40,405 per year, the cost of gaining 60 minutes a day is $6,595.20 per year. If a company has 10 employees the saving is over $65,000 per year. 100 employees will save over $659,000 per year and 1,000 employees will save over $6.5 million per year. This is a saving of 16.3% per year.

In the United Kingdom, based on an average wage of £25,000 per year, the cost of gaining 60 minutes a day is £4166.40 per year. If a company has 10 employees the saving is over £41,000 per year. 100 employees will save over £410,000 per year and 1,000 employees will save over £4 million per year. This is a saving of 16.5% per year.

Getting to the Start Line on Time

If you were running the Olympic marathon would you start an hour after everyone else? If you were cycling in the Tour de France would you start 30 minutes after the peloton? Of course the answer is: you wouldn’t. The keys to productivity are –

  •  Knowing what you should be doing, having a schedule
  • Starting the actual work on time – the Roman poet Virgil said Tempus fugit – Time flees
  • Having focus and concentration; avoiding unnecessary distractions and interruptions
  • Monitor how you are performing; if an employer, give your staff the tools to monitor themselves
  • Enjoy the self esteem and rewards that performance brings

The Solution

Starsoft has a productivity tool for Microsoft Outlook called Ezidoesit. This software works seamlessly inside of Outlook 2010, 2007 and 2003, and enables Outlook users to quickly and easily schedule work tasks and control email distractions.

Dermott Renner