8 time administration statistics each enterprise ought to know in 2023


Time administration—it’s one thing that we hear on a regular basis. And if we’re being trustworthy, it’s one thing we may all most likely stand to be a bit higher at.

Time administration can have a profound influence on our productiveness, particularly within the office. And we’ve received some shocking stats to show it.

Hold studying as we cowl the fundamentals round time administration and why it issues for your online business. And naturally, we’ll share a few of our favourite suggestions and instruments to raise your workforce’s time administration expertise very quickly.

What’s time administration?

Put merely, time administration is the artwork of optimizing your time to realize your targets. 

All of us have a restricted variety of hours in a day—24 to be precise. And there’s solely a lot time we are able to dedicate to work and different actions. Whereas we are able to’t make extra hours within the day, we are able to take steps towards benefiting from that point. 

Time administration makes use of cautious planning and prioritization to assist divide your time between all of the various things in your to-do listing.

Whereas all of us prefer to imagine that we handle our time effectively, the reality is that almost all of us don’t. Particularly in relation to the office. In keeping with Forbes, between social media and different distractions, staff can waste as a lot as two hours a day at work.

Poor time administration typically slips by the cracks—particularly when it looks like work continues to be usually getting achieved. However with a number of time administration enhancements, simply think about what your workforce may accomplish if you happen to leveled up your online business’s time administration expertise.

Why is time administration essential?

Time administration helps us work higher and smarter. However when companies don’t prioritize time administration, it could have a major influence on worker productiveness and total enterprise operations. 

When time administration isn’t a precedence, it could create:

  • Excessive ranges of stress and burnout: When staff and groups don’t handle their time effectively, productiveness takes a success. This implies targets can take for much longer to succeed in than anticipated. A rising to-do listing and the stress of not assembly expectations is the right storm for creating worker stress and burnout. 
  • Inefficient worker scheduling: When time isn’t being managed correctly, you may’t get an correct grasp on the time it takes to finish duties. This makes creating optimum schedules tough, typically leading to over or understaffing shifts.
  • Elevated working prices: It’s true what they are saying—time is cash. Wasted time and sources can price you a fairly penny. When staff aren’t producing what’s anticipated of them throughout their scheduled hours, it could price companies in extra time and further working hours. 

Happily, investing time into time administration might help your workforce get forward.

The advantages of fine time administration

When there are 100 issues on the go, it may be tough to carve out the time for time administration. It might typically really feel counterproductive—prefer it’s consuming up valuable time that you just don’t have.

However the time you are taking to plan and re-prioritize may be game-changing and aid you get extra achieved quicker. 

Listed below are some methods small companies can profit from training good time administration expertise.

    • Saved labor prices: Making higher use of time implies that companies can obtain extra in much less time. In keeping with a Homebase buyer survey, 1 in 8 small enterprise house owners have lower down prices to avoid wasting over the past six months. Many have opted to restrict stock, companies, or hours of operation to account for inflation and different rising prices. Most of these cuts can influence income. But when you will get extra achieved with the identical or much less labor, you’ll save with out impacting your prospects.
    • Higher job satisfaction: Most staff wish to put their finest foot ahead at work. Correct time administration might help them do higher work. Workers are additionally happier and extra content material with their function in the event that they really feel that sense of accomplishment—which might additionally lower down on worker turnover.
    • Improved buyer expertise: Environment friendly groups can reply to prospects rapidly and extra successfully. This helps construct higher relationships with present and future prospects.
    • Stronger workforce tradition: When groups collectively imagine in working smarter, not more durable, staff are much less prone to really feel burnt out. It additionally builds a tradition the place staff work collectively towards a standard aim, which might lower down on poisonous workplaces. When employers prioritize time administration, it reveals that they’re in search of methods to cut back pointless work for his or her staff.

8 time administration stats that can assist you enhance your time administration

Time administration helps construct profitable groups and develop profitable companies. 

Don’t imagine us? These stats about time administration make it clear that point administration is a should for each small enterprise.

Labor is the primary price for companies, accounting for 70% of spending

Labor prices are what you pay on your staff’ time. With labor being one of many highest prices for small companies—it could account for as much as 70% of spending—time is certainly one of your Most worthy property. That’s why it’s so essential that it doesn’t go to waste. And but…

The typical employee spends 51% of each workday on low to no-value duties

Low or no-value duties are issues that don’t contribute in a significant technique to your total enterprise targets. These duties can typically be repetitive or redundant, but take up over half of the common worker’s workday.

For instance, a restaurant worker who’s taking stock of takeout containers for the sixth time in the present day is performing what may most likely be thought-about a low-value activity. 

Overstaffing and lack of path can typically lead staff to spend their time on low-value work.

Think about how far more your workforce may accomplish if that point have been reallocated to issues that would really propel your online business ahead.

“Will it make the boat go quicker?” In a ebook by standard keynote speaker, Ben Hunt Davis, he shares the strategy that helped the Nice Britain Rowing workforce row themselves to Olympic Gold. 

After years of doing the identical factor and reaching mediocre outcomes, they realized their final aim was to make their boat row quicker. So the workforce began asking themselves one all-important query: “Will it make the boat go quicker?”  

Any time the reply wasn’t sure, the workforce would take it off their exercise listing.

We could not all be Olympians, however the identical rules may be utilized to the office. When evaluating what your workforce is spending their time engaged on, take into account asking your self, “Does it make the boat go quicker?” or alternatively, “Does this deliver us nearer to our targets?”. 

If the reply is not any, it is perhaps time to rethink if it’s price doing in any respect.

82% of individuals don’t have a time administration system

Most of us acknowledge the significance of time administration, however few of us put the techniques in place to make it occur. 82% of people don’t have a structured time administration system in place.

A time administration system is a course of or strategy to managing your time. It’s a confirmed methodology of serving to you divvy up duties and prioritize them based mostly in your targets. Some widespread examples of time administration techniques embrace the Eisenhower matrix and the Pomodoro methodology. 

Have we piqued your curiosity? We’ll cowl each of those intimately under.

The typical particular person checks their cellphone 96 occasions a day 

All of us like to roll our eyes at these pesky display time reminders. However this quantity reveals that we most likely want them. Whether or not we’re checking our emails or social media, this equates to us reaching for our telephones roughly each 10 minutes

Our telephones present a lot worth and might help us be productive. However they will also be a significant supply of distraction. If staff are spending hours of their work day scrolling by Instagram or texting their mates, that’s lots of time misplaced in your firm’s dime.

Conferences price firms of all sizes thousands and thousands of {dollars} a 12 months

We’ve all had these conferences, you already know, those that would have been an e mail. Seems these conferences are fairly costly—costing small firms as much as $2.5 million a 12 months.

After all, there are conditions the place conferences may be priceless. However as a normal rule of thumb, conferences may be extraordinarily inefficient. That is very true in companies with hourly and shift employees the place gathering the whole workforce can get fairly difficult.

As a substitute, use a workforce communication platform to simply get important info to the correct folks with out gathering everybody in a gathering.

The typical worker spends as much as 9% of their 12 months switching between completely different apps

Yikes—that’s nearly 200 hours a 12 months devoted to navigating between platforms at work. This doesn’t even account for the time that our brains spend context-switching in the course of the day.

Benefiting from app integrations and different options might help your workforce cut back the period of time spent going forwards and backwards between completely different duties and apps.

Cease paying the toggle tax. Utilizing all-in-one platforms like Homebase might help streamline your workflows. Whether or not you’re creating worker schedules, working payroll, or onboarding new hires, Homebase has the whole lot you might want to handle your workforce—multi functional place. So you may spend much less time transferring between apps and extra time rising your online business.

20% of employees say they waste time at work as a result of they’re bored or aren’t fascinated by their jobs

If staff are bored and unstimulated, they most likely aren’t benefiting from their time at work. Boredom can occur as a result of they aren’t engaged of their work or they merely don’t have sufficient work to do.

Bored staff may spend time on their telephones or chatting with different staff throughout their shifts to go the time. And as you may most likely guess, these staff are sometimes much less productive and produce lower-quality work. With 20% of staff losing day out of boredom, it could price a fairly penny.

1 in 4 companies wish to spend money on operational effectivity in 2023

We like to see small companies investing strategically to assist set themselves up for future success. In keeping with a latest Homebase survey, enhancing operational effectivity is a vital development technique for small companies this 12 months.

When an organization makes use of its sources effectively, it could cut back waste and lower your expenses. A big a part of operational effectivity is ensuring that their workforce and sources ) are getting used successfully—with out affecting the standard of output.

Investing in time administration is only one manner that companies can get nearer to reaching operational effectivity.

How one can enhance time administration in your online business

The numbers don’t lie: time administration is a standard wrestle amongst companies of all sizes. However the excellent news is that it’s an issue that may simply be solved with the correct time administration methods and instruments.

Unlock extra time on your workforce with the following tips for enhancing time administration expertise inside your online business.

1. Outline your online business targets

You may’t correctly prioritize your time if you happen to don’t know what you’re working towards. Efficient time administration requires you and your staff to have a strong understanding of your goals.

Enterprise targets can vary from enhancing income, elevating buyer satisfaction charges, and even constructing model recognition. 

Understanding how their day-to-day duties ladder as much as overarching enterprise targets may construct a way of objective amongst staff. Readability round enterprise goals may result in larger charges of job satisfaction and worker happiness.

2. Conduct common time audits

A whole lot of groups fall into the entice of not likely realizing what they’re spending their time on. And as a enterprise proprietor, you should know the place your cash goes.

Common time audits can provide you perception into what your workforce is engaged on inside a given time frame. With a time audit, you employ time monitoring to get an in depth log of what everyone seems to be doing.

The aim right here isn’t to micromanage your workforce—and belief us after we say that received’t assist enhance productiveness. Somewhat it’s to get a greater understanding of labor habits and how one can higher use your worker’s time. 

Time audits can reply questions like:

  • What duties are taking over most of your workforce’s time?
  • How lengthy does it take to finish a particular activity? And are you allocating an excessive amount of or too little time for it?
  • Are there tasks that aren’t price spending time on?
  • Are there higher-value duties or tasks your workforce may very well be engaged on?
  • Are there any time traits and patterns that want consideration?

By commonly performing time audits, you may also monitor effectivity enhancements over time.

Time-tracking instruments like Homebase make it straightforward to trace the hours your workforce works and conduct audits. With Homebase’s free time clock app, staff can simply clock out and in, proper from their telephones. A extra correct time monitoring system offers you higher management over the time your workforce spends at work and the related labor prices. 

3. Implement time administration methods and techniques

For most people, time administration doesn’t come naturally. It might take a little bit of time and follow to get to a degree the place you’re utilizing your time effectively.

After all, you theoretically may handle your time in your head. However time administration techniques are structured processes which might be confirmed to enhance your productiveness. They’re instruments that make the duty decision-making course of simpler and aid you keep productive.

Time administration techniques additionally foster a way of transparency amongst groups. It makes it clear who’s doing what and why, which contributes to a sense of belonging and a tradition of teamwork.

Undecided the place to start out? Listed below are some standard time administration techniques you may attempt along with your workforce.

Eisenhower Matrix

This method divides your duties into 4 quadrants that aid you decide what duties to prioritize. 

Relying on which quadrant your duties fall in, you may both sort out them now, delegate, or push them to a later date.

Pressing Not Pressing
Necessary This quadrant contains duties which might be high-value however are additionally time delicate. 

It’s best to prioritize the gadgets right here.

This quadrant contains duties which might be essential however wouldn’t have an instantaneous deadline.

You may push these duties to a later date.

Not Necessary These duties are much less essential however have time constraints.

Think about delegating these duties to another person.
These duties aren’t essential and aren’t pressing.

Your time is healthier spent elsewhere. Deprioritize these duties for now.

Pomodoro methodology

The Pomodoro approach helps decrease distractions and maintain staff targeted. The system prioritizes scheduled, intermittent breaks.

For instance, an worker will concentrate on work for 25 minutes, then take a 5-minute break.

By scheduling breaks, it’s simpler to keep away from staff checking their telephones each 10 minutes. In the event that they know they’ll have 5 minutes to do it later, it could assist them keep targeted on the duty at hand.

Time blocking

Particularly in fast-paced environments, like eating places or retail, so much is happening without delay. It’s straightforward to search out your self pulled in 100 completely different instructions. Time blocking helps your workforce concentrate on one factor at a time.

With time blocking you begin with an inventory of duties. Then you definitely estimate how lengthy every activity will take and assign a block of time the place you’ll work on that particular activity.

Time blocking creates a concrete schedule. This reduces the necessity for context switching and makes it simpler to keep away from distractions and interruptions, like emails or different minor duties.

Employers with hourly staff can construct the idea of time blocking instantly into worker schedules. By assigning particular duties and roles forward of time, staff can keep targeted on higher-value duties throughout their shifts.

4. Prioritize efficient scheduling

To an extent, you may empower your staff to handle their time whereas on shift. However the way you schedule your staff is important for setting them on the trail to success at work. In any other case, you may end up with a bunch of staff sitting round twiddling their thumbs—and nobody needs that.

Listed below are some issues that you are able to do to successfully schedule your staff.

  • Consider gross sales and buyer volumes. Just be sure you’re scheduling the correct variety of staff based mostly on the anticipated work. Overstaffing typically creates conditions the place staff are caught engaged on low-value duties. Alternatively, understaffing may cause staff to enter avoidable extra time and end in a decrease high quality of labor.
  • Present clear shift particulars, together with begin time, finish time, and scheduled breaks. This might help staff present up on time and higher handle their time throughout their shifts. Superior discover and versatile scheduling may assist enhance worker morale and satisfaction, which in flip impacts productiveness.
Scheduling tip: Take advantage of out of your staff’ time with Homebase. Homebase’s scheduling app might help you automate worker schedules based mostly on worker availability and gross sales forecast. 

One of the best half? You may import gross sales knowledge to get detailed insights into your labor hours in comparison with your gross sales and targets. So you may optimize your schedules as your workforce will get higher at managing their time at work.

5. Automate tedious and repetitive duties

Enterprise house owners and staff typically discover themselves engaged on tedious and time-consuming duties. The place doable, take into account implementing instruments and expertise to unencumber that point for extra essential duties.

For instance, payroll and time monitoring may be one thing that takes up lots of time for enterprise house owners. As a substitute, say goodbye to guide monitoring and use an all-in-one automated worker administration platform. Constructed-in automations and integrations will prevent time, and cut back the necessity for continually transferring between a bunch of various platforms.

“With Homebase, we’re in a position to give our small enterprise the construction it wants. From scheduling to time monitoring, we’re in a position to arrange our workforce, funds for our labor prices, and arrange our calendar in a really environment friendly method. And one of the best factor is how versatile and straightforward to make use of it’s! As a enterprise proprietor, I completely suggest it to anybody who’s trying to save time and arrange their enterprise.”

  • Sarah, Proprietor at Sarahlú Confections, Homebase Buyer

The identical rules apply to your staff as effectively. Use expertise and instruments to make it simpler for them to spend their time on higher-value work. For instance, sending out communications utilizing a workforce communication app is a straightforward technique to save on pointless assembly hours.

6. Decrease distractions

We reside in a world of distractions, significantly these of a digital nature.

Getting distracted is regular—we’re solely human in spite of everything. However after we’re interrupted, we are inclined to lose our focus. It might take lots of vitality for distracted staff to return to their work.

By minimizing distractions within the work surroundings, it’s simpler for workers to remain on monitor with the duty at hand. 

Some methods to attenuate worker distractions embrace:

  • Limiting private cellphone use whereas on the clock
  • Offering common breaks to assist staff keep targeted
  • Setting shift targets to provide staff one thing to work in direction of
  • Preserving workspaces clear and arranged

Simplify time administration with Homebase  

If time administration feels a bit daunting—we get it. However we promise that the time and vitality you spend money on time administration on your workforce is price its weight in gold.

Plus, we’ve received a not-so-secret weapon that can make managing your staff’ time a breeze: Homebase.

Homebase is trusted by over 100,000 small companies to raised handle their staff.

Make scheduling hassle-free by creating worker work schedules in just some minutes. Assign roles and schedule based mostly on gross sales forecasts, so that you’re making one of the best use of your staff’ time whereas they’re on the clock.

And when it’s time for his or her shifts, our time clocks provide the confidence of realizing precisely who’s clocking in, when, and the place. You may as well monitor gross sales towards hours labored so you will get the insights you might want to optimize your labor prices.

And naturally, we’re right here that can assist you empower your staff to take management of their very own time administration from day one. Documentation, together with time administration sources, may be despatched on to staff of their digital welcome packets.

Need assistance with time administration?

Get Homebase, and begin optimizing your time with top-rated scheduling, time clocks, messaging, payroll, HR, and extra. Get began free of charge

Time administration FAQS 

What’s time administration?

Time administration is a mix of planning and prioritization that helps you profit from your time. The aim is to realize your targets as effectively and successfully as doable. Usually, time administration contains balancing urgency and influence to assist prioritize all of the issues that have to get achieved.

Why is time administration essential to companies with shift employees?

Time administration is essential for shift employees and hourly staff as a result of they’re paid based mostly on their time spent at work. So if time is being wasted or used inefficiently as a result of poor time administration, companies can rapidly incur extra prices to make up for the extra work.

How will you enhance your time administration?

To enhance time administration, it’s important to start out by understanding your total enterprise targets. After which, you may implement time administration techniques that can assist you and your staff prioritize duties and actions that can aid you obtain these targets.

Higher worker scheduling, extra automation, and common time audits are all methods companies can enhance time administration expertise inside their groups.

Can an app aid you make time administration straightforward on your staff?

Sure—an app might help you make time administration simpler on your workforce! Incorporating apps and expertise are among the finest methods to enhance how your workforce makes use of their time. You don’t want to determine time administration all by yourself. Companies love apps like Homebase that assist streamline worker scheduling and time monitoring. It helps save on labor prices and frees up time for duties that deliver extra worth to the enterprise.


Please enter your comment!
Please enter your name here