If you’re like many Americans, sitting in a chair at your office for 8 hours is your typical day. There’s the mandatory breaks and lunch, but holding focus for 3 to 4 hours at a time is a struggle. And so when you get bored, your mind wanders, and you begin to wonder “What was that score in last night’s game?” or “How fun was her birthday party?” To satisfy your curiosity, you decide to take an unscheduled break to quickly look at ESPN or Facebook just to see. You check it out, and jump back to work thinking that the harmless 5 to 10 minute excursion was nothing. Except that your urge comes back an hour later. And the cycle starts all over again.
So exactly how much time is wasted? On average, there are actually 3 hours per 8 hour day wasted NOT including breaks and lunch. This should be a concerning statistic for MBA students looking to make their mark in management with the responsibilities of overseeing employee work flow and productivity. Why? Because all of this wasted time = wasted money.
Over 750 billion dollars annually is wasted by employers paying employees for non productivity. With almost everyone being more connected today through the internet, what can business owners do to curb this alarming trend? And what do you as an MBA student and prospective business leader need to know about it? Learn more about the reasons why employees waste time, and what you need to be aware of now to improve and protect your future business from wasted productivity.
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