What does your organisation expect of you in terms of productivity? What is the link between productivity and time?
A simple definition of productivity that applies to all businesses and individuals is that productivity is the measure of how efficiently goods and services are delivered.
Generally speaking, productivity is concerned with overall effectiveness of 'getting things done' and in a narrower sense, 'making more money'.
Productivity means doing the right thing, in the right way, at the right time, and for the right length of time. Consider how this definition applies to you.
Whether you and your organisation provide goods or services, or both, you must know what it costs to provide them and what income they generate. A large portion of the cost is for the time you and others invest, but there are, of course, other expenses such as materials, office space, etc. The ratio of goods and services provided to the costs of production is a measure of productivity.
From a personal perspective, productivity enables you to earn your income. It means investing your time in tasks, activities, or responsibilities that provide a high return to your organisation and you. Productivity is determined by working on your High Payoff Activities - working Smarter not Harder!
Time is your most valuable current asset and is the one resource over which you can exert the most control to increase your personal productivity. Good time organisation cannot give you more time but it can help you use time much more productively than you have in the past.
Productivity depends upon establishing some specific understandings about the value of time:
1. The time at your disposal is your entire time capital
You cannot borrow time; you cannot hoard it; you cannot even work hard and earn more time. What you can do is make the best possible use of your time and invest the time you have. What you get in return for time invested is the measure of your effectiveness in using your time capital.
2. You cannot afford the luxury of wasted time
Time, productively used, is money. Identifying 30 to 40 minutes that you now waste every day and spending it productively will add the equivalent of approximately 22 eight-hour work days to your productive time every year. Using a small amount of time constructively each day amounts to almost an entire extra month of productivity!
TOP TIP
Why not complete a time log for a working week and see how much time you spend in pointless meetings or being interrupted needlessly by others. But also be honest and see how much time you WASTE (your own time and others)!
A simple definition of productivity that applies to all businesses and individuals is that productivity is the measure of how efficiently goods and services are delivered.
Generally speaking, productivity is concerned with overall effectiveness of 'getting things done' and in a narrower sense, 'making more money'.
Productivity means doing the right thing, in the right way, at the right time, and for the right length of time. Consider how this definition applies to you.
Whether you and your organisation provide goods or services, or both, you must know what it costs to provide them and what income they generate. A large portion of the cost is for the time you and others invest, but there are, of course, other expenses such as materials, office space, etc. The ratio of goods and services provided to the costs of production is a measure of productivity.
From a personal perspective, productivity enables you to earn your income. It means investing your time in tasks, activities, or responsibilities that provide a high return to your organisation and you. Productivity is determined by working on your High Payoff Activities - working Smarter not Harder!
Time is your most valuable current asset and is the one resource over which you can exert the most control to increase your personal productivity. Good time organisation cannot give you more time but it can help you use time much more productively than you have in the past.
Productivity depends upon establishing some specific understandings about the value of time:
1. The time at your disposal is your entire time capital
You cannot borrow time; you cannot hoard it; you cannot even work hard and earn more time. What you can do is make the best possible use of your time and invest the time you have. What you get in return for time invested is the measure of your effectiveness in using your time capital.
2. You cannot afford the luxury of wasted time
Time, productively used, is money. Identifying 30 to 40 minutes that you now waste every day and spending it productively will add the equivalent of approximately 22 eight-hour work days to your productive time every year. Using a small amount of time constructively each day amounts to almost an entire extra month of productivity!
TOP TIP
Why not complete a time log for a working week and see how much time you spend in pointless meetings or being interrupted needlessly by others. But also be honest and see how much time you WASTE (your own time and others)!
Starts 7th March Free webinars on practical training topics including how learning & technology fit together, how to increase employee engagement through learning and how to get your hierarchy on board with your ideas. Sign up http://www.thelearninglunchtime.com
Kate Cobb is Director of blended learning zone and provides a range of services for HR and L&D managers in design and delivery, consultancy and strategic planning of blended learning solutions.
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