Time Management Information

Time Management Training - A Necessary Investment or A Waste Of Money?


Many organisations view time management training as something they'll spend their money on, only if they have to. Usually when pruning the company or department budget, training is often the first area that gets the chop. And yet can you really afford not to?

Here's what Dr. Donald Wetmore a Time Management Specialist from the U.S. recently said in the on-line e-zine Activepro...

Training is not a cost it's an investment

'It really doesn't matter what we pay for an investment. What's relevant is what we get in return. One of the best ways to jeopardise an organisation's future in today's world and increase the probability of troubled times it to look at training as a cost and pay the price of not training or provide substandard training that operates only as a bandaid for the training requirements.

A person being paid $50,000 per year who is wasting just one hour per day is costing the organisation $6,250 per year. If through one of our Time Management Seminars that person can learn how to recapture just one hour per day, that translates into a payback to the organisation of $6,250 per year!

If there is a group of 25 people, the return to the organisation is $156,250 per year! That doesn't even include other benefits like profitability, reduced turnover, improved morale, enhanced teamwork, greater creativity etc.)

Over 5 years, the payback is $781,250. What would your organisation invest to achieve that return and payback?

Not so many years ago, training was an option for most organisations. Today it is no longer an option. If any of us continue to do what we do the same way, within five years most of us will become obsolete. Why? Because our competitors are helping their people to become more effective through training.

If we look closely at companies who are doing well in the long run, they almost always have a well thought out training program in place

They realise the price for not training is the real expense of training'.

The most important training or knowledge enhancement you can offer to your employees is in the personal development area. Effective time management is a life skill which affects us all. Depending on how skilful we are at managing our time it can have a major impact on the whole of our life. Our skill levels in this area can greatly benefit us or cause us to be constantly stressed out.

Training is a life long endeavour. It has to be ongoing. Life changes constantly and so do our needs and those of our people, the no. 1 asset in every business. Time Management training is crucial for it's when we learn to use our time effectively that we get so much more done in our lives.

Have a great week!

Lorraine Pirihi

About The Author

Lorraine Pirihi is Australia's Personal Productivity Specialist and Leading Life Coach. Her business The Office Organiser specialises in showing small business owners and managers, how to get organised at work so they can have a life! Lorraine is also a dynamic speaker and has produced many products including "How to Survive and Thrive at Work!"

To subscribe to her free ezine visit http://www.office-organiser.com.au

This article may be reproduced providing it is published in it's entirety, including the author's bio and all links. For further information please contact Lorraine Pirihi; lorraine@office-organiser.com.au


MORE RESOURCES:

Oneindia

Time Management Key To Balancing Life: Aishwarya Rai
Oneindia, India - 16 hours ago
Learning how to manage time and taking up only those assignments wherein you can deliver your best are the 'mantras' that actress Aishwarya Rai follows in ...


Time management a major problem in Africa
Business Daily Africa, Kenya - Nov 19, 2008
... in markets across the continent, I was continuously intrigued by the similarities many of our brothers and sisters had when it came to time management. ...


Time management and multi-tasking employees
Economic Times, India - Nov 18, 2008
And it is time management that churns out this skill in an employee. “ Time management makes an employee more productive, helps him/her reach his/her goal ...


Top 10 Ways to Save Money AND Eat Well
VillageSoup Belfast,  USA - 4 hours ago
1) Better Time Management. The number one way to save money is to plan better and waste less. With a good time management system you can avoid buying ...


Get Organized: For relaxed holidays, start planning now
Memphis Commercial Appeal, TN - 17 hours ago
Maryanne Macdonald is the founder of Organize by Design and a consultant and instructor on organization and time management. ...


Assured Guaranty Ltd. Responds to Downgrade of Its Ratings by ...
MarketWatch - 15 minutes ago
... changes in general economic conditions, other risks and uncertainties that have not been identified at this time, management's response to these factors ...


Big Rocks - The Super-Power of Time Management By: John Carpenter ...
Healthy Wealthy n Wise, WV - Oct 31, 2008
Effective time management is not always as easy as it seems. There will be things that you intended to do that somehow just didn't get finished. ...


Cayman Net News

Chamber Holds Time Management Course
Cayman Net News, Cayman Islands - Nov 16, 2008
Twelve Chamber of Commerce members recently took part in a Time Management and Productivity course hosted by the Professional Development and Training ...


Academic survival skills: The power of procrastination
SIU - Daily Egyptian, IL - 18 hours ago
Commonly identified causes of procrastination include: poor time management skills, difficulty concentrating, persistent worries, negative self-beliefs, ...


Does Time Management Even Exist?
Baruch College The Ticker, NY - Nov 13, 2008
So "time management" is a mislabeled problem, which has little chance of being an effective approach. What you really manage is your activity during time, ...

Time-Management - Google News

home | site map
© 2006