The Risks Of Wasting Time At Work

As we celebrate National Time Management Month this February, take time to address the risks of wasted time in your company. This checklist outlines the risks and solutions that improve efficiency, productivity, satisfaction, and profits.

Risks of Wasting Time

Your company will face several risks when your employees waste time.
  • Unfulfilled Employees
    Employees lose focus and motivation to work harder when they don’t enjoy or want to do the boring, menial or unfulfilling work they’re assigned.
  • Missed Deadlines
    Your company may miss production deadlines if employees are unable to finish projects on time.
  • Reduced Quality
    The goods or services your company provides suffer when employees become distracted.
  • Poor Customer Service
    Procrastination and wasted time can affect the service customers receive and ultimately cost your company money.
  • Internal Relationship Strains
    Co-worker relationships suffer when individuals don’t pull their weight.
  • Loss of Business
    Your company’s reputation is compromised and you could lose business if you deliver inconsistent products or miss deadlines.
How to Improve Time Management

Discern why your employees waste time and take steps to correct those risks.
  • Lead by example.
    Supervisors and other members of the management team must show employees how to maximize their time each day.
  • Provide training.
    Equip employees with time management tools and strategies they will use.
  • Set goals.
    A timeline with delivery deadlines can motivate employees to work harder.
  • Clarify expectations.
    Satisfied, fulfilled and conscientious employees know the details of their job description and what’s expected of them.
  • Show the big picture.
    When employees get your company’s vision and understand how their contribution affects the company’s success, they’re more likely to work hard.
  • Challenge employees.
    Ensure each of your employees has adequate and challenging work that keeps them satisfied and busy.
  • Offer incentives.
    Rewards can motivate employees to work faster and harder.
  • Provide accountability.
    Employees may waste less time if they know that their performance is measured consistently, objectively and in a constructive manner.
  • Implement and enforce a cyberloafing policy.
    Clarify when employees can use the internet for personal use and implement internet filters that block certain sites and reduce cyberloafing. Then enforce the policy consistently.
  • Insist on breaks.
    Regular breaks throughout the day reduce monotony and give employees time to recharge.
  • Socialize outside of work.
    Arrange social events after work so employees can talk, gossip and connect on a personal level as they have fun and build teamwork and cooperation.
Your company faces numerous risks when your employees waste time. While your professional liability and other commercial insurance policies can protect your company from mistakes and errors, take steps to reduce your risks and improve time management.
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