There are considerably more factors to be taken into consideration when looking at business time management. This is because as there more competing factors for one’s time – both internal and external factors.
This is true whether you work in a large organisation or run your own one man business.
In a large organisation individual managers have to co-ordinate the effective time management of their teams.
There are a number of strategies that an organisation can undertake to implement effective time management processes.
Develop long term goals for the company, usually in the form of a mission statement – once you have clearly defined your company’s goals and purpose it is a lot easier to develop individual goals for your employees. In a previous article I stated that it is important if you are going to use your time effectively then you have to have goals.It is difficult to effectively plan schedules and priorities when your employees have no clear objectives of their own.
The process is very similar to setting your own goals and then splitting it down into its component parts, in this case the individual goals are given to managers, who will in turn split these down into component parts for their team members.
This can be implemented by introducing an appraisal system where indiividuals are set objectives (goals) with specific timescales
Implementing and defining these goals will assist in boosting productivity and revenue.
Another factor which has to be taken into consideration, involves hiring the right personnel who already possess the necessary skills, not only does this lessen the downtime and financial outlay required with training to get them up to speed but it also decreases revenue losses sustained from lost productivity. It?s important to hire the right people, this will ultimately determine how your companies time and resources are spent.
Effective time management in an organisation also has to take into consideration the relative skills of individuals that they employ. It is important to hire the right people as this will ultimately determine how your company’s time and resources are spent.
Training should also be given to your current employees to teach them how to effectively use their time.
This will not only improve their productivity but also lead to a more effective workforce.