The #1 Hidden Way Your Business Is Throwing Away Money

#1 Hidden way your business is throwing away money?

Unplanned work.

Imagine this: your team is deep in the zone, working diligently on a critical project that promises to drive your business forward. Suddenly, an unexpected issue arises—a computer crash, a slow application, or an error message that halts progress. What happens next? The flow is broken, productivity plummets, and valuable time slips through your fingers.

Welcome to the world of unplanned work, also known as interruptions. These unwelcome disturbances come from hundreds of different sources within your organization and are silently siphoning away precious time that could be better spent on meaningful, value-driven tasks.

The Hidden Costs of Interruptions?

Research indicates that it takes an average of 23 minutes and 5 seconds to return to efficient performance after being interrupted. This means that every time an employee is derailed by an unplanned task, nearly half an hour of productive time is lost. Multiply this by the number of interruptions your team experiences daily, and the cumulative effect is staggering.

The Major Interrupter?

While interruptions can come in many forms, technology issues are among the most pervasive and disruptive. Consider the following scenarios:

  • A slow computer: Waiting for a sluggish computer to respond can be maddening. Each lag eats away at the momentum and focus of your employees.
  • Application delays: Whether it's waiting for a report to run, an application to load, or a screen to refresh, these delays add up to significant downtime.
  • Technical problems: Errors, crashes, and system failures force employees to stop what they're doing and shift their attention to troubleshooting.

The Unplanned Work Cycle?

Here's a closer look at how unplanned work can spiral out of control:

  1. Issue arises: An employee encounters a technical problem.
  2. Immediate action: The employee picks up the phone to call the helpdesk.
  3. Further delays: They may need to reboot their computer to free up resources.
  4. Restart tasks: Applications need to be closed and relaunched, and the task they were working on must be restarted.

Calculating the Cost?

How much time are you wasting due to unplanned work, and how much is it costing your business? Let's break it down:

  • Average time to recover from an interruption: 23 minutes and 5 seconds.
  • Number of interruptions per day: Let's assume 5 interruptions per employee.
  • Number of employees: Assume you have 50 employees.
  • Average employee wage: Assume $30 per hour.

Daily time lost per employee: 5 interruptions × 23 minutes≈115 minutes

Total daily time lost for the organization: 115 minutes × 50 employees=

Daily cost of unplanned work: 95.83 hours x $30 = $2874.90

Cost of unplanned work in 20 days: $2874.90 x 20 days = $57,498

Mitigating Unplanned Work

To minimize the impact of unplanned work and reclaim lost productivity, consider the following strategies:

  • Invest in reliable technology: Ensure that your hardware and software are up-to-date and capable of handling your business needs efficiently.
  • Proactive maintenance: Regularly update and maintain systems to prevent issues before they occur.
  • Training and support: Provide employees with adequate training and quick access to technical support to resolve issues swiftly.
  • Streamline processes: Identify and eliminate bottlenecks in your workflow that lead to frequent interruptions.

By addressing the root causes of unplanned work and implementing these strategies, you can significantly reduce the time and money wasted on interruptions, allowing your team to focus on what truly matters—driving your business forward.

Unplanned work is a hidden drain on your business's resources. By recognizing the sources of interruptions and taking proactive steps to mitigate their impact, you can improve productivity, enhance employee satisfaction, and ultimately boost your bottom line. Don't let unplanned work continue to rob your business of its potential. Take action today to reclaim your valuable time and money.

June 7th, 2024

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