At FranklinCovey, we’ve been studying individual productivity for over 25 years. To date, we have sold over $1B in productivity training, so I guess you could say we are an authority on the subject. We have had over 350,000 people respond to our “Time Matrix” survey. As of 2011, we have found that the average employee spends about 70% of their time on urgencies and irrelevancies. That means it’s possible for your employees to only be spending 30% of their time on important priorities. Take a moment to do the math on what that is actually costing your organization. With layoffs, cutbacks and a major focus on organizational spending, these statistics should get you thinking.
Let’s take a look at an example of ABC Organization. They have 500 employees earning an average of $20/hour. If everyone gets 2 weeks of vacation a year, that leaves 50 weeks at 40 hours per week, so 2,000 hours of actual work per employee, per year.
In the example above, this means the company is spending $14,000,000 to pay employees to work on urgencies and irrelevancies. Now you don’t have to be a CFO to understand that this is a problem. What if you could improve productivity by 10, 20 or 30% or more? This would have a dramatic effect on your organization's effectiveness and your bottom line!
Giving your employees the right “mindset, skillset and toolset” to become more productive is a worthy investment. Not only will you see an immediate ROI in your first year of application, but over time, you Create a Culture of Productivity throughout your workforce where everyone is spending more time on important, meaningful work. This allows for improved sales activities, better time spent on customer service, more time for collaboration between departments, time for creative thinking, planning and more.
To learn more about FranklinCovey’s NEW Productivity Solution, give me a call to set up a meeting with your client partner. We’ll be happy to help you achieve your top strategic goals in 2012 and beyond!
To your success in the coming year!
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