Benefits Of Time Management In The Workplace | 5 mins read

10 Reasons Why Time Management Benefits Businesses

10 reasons why time management benefits businesses
Lauren Christiansen

By Lauren Christiansen

Unmet deadlines and ever-growing to-do lists are familiar for everyone in their professional lives. A new year brings new resolutions to perform better, stop procrastinating, and manage time more effectively, but few individuals follow through on these promises.

Making positive behavioral changes requires understanding and implementing several skills that are not inherent in everyone. Thankfully, anyone can master better habits and improve time management through practice, planning, and self-discipline.

By learning and employing time management skills, workers gain a new and powerful self-confidence that is the stepping stone towards career advancement and a better work-life balance.

Read ahead for the top benefits of using time management techniques in the workplace.

  • Commit to daily to-do lists
  • Take strategic breaks throughout the day
  • Focus most during the morning hours
  • Set a timeline and stick to it
  • Reward yourself for good behavior
  • Eliminate what isn't important

10 Reasons Why Time Management is Beneficial

There are always opportunities to identify new revenue sources or reach a different target market. Finding new ways to make money is fundamental to achieving business success, but it's not always possible to find enough time to meet these goals. Rather, team members and leadership must value the time given to them by learning to manage it effectively.

Good time management allows employees to accomplish more tasks with less strain because they understand how to prioritize and organize. Time management improves the ability to concentrate and make decisions so the company can gain full control over its primary requirements.

On the other hand, ineffective time management decreases morale, increases stress, and makes it more difficult to be productive. This negatively impacts the bottom line and hurts employee morale, which results in a lower retention rate

Therefore, organizations need to instill good time management skills in their workforce so they can achieve operational effectiveness. Other benefits of time management include-

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1. Decrease Stress Levels

Decreasing stress levels and optimizing a work-life balance makes it easier to meet deadlines and improve the quality of outcome.

By managing time effectively, employees will be empowered to handle unforeseen events and feel less stressed by the end of the day. Calm individuals also tend to remember important information, make better decisions, and excel at problem-solving.

2. Increase Productivity

Working hard is not necessarily the same as working smartly. Smart work is defined as expending energy on high priority items rather than expending energy on all requirements.

Good time managers know how to work smart and be productive so they don't feel exhausted by the end of the day. Time management helps employees accomplish more by working methodically on one task at a time, rather than try to juggle several projects at once. Proper time management results in a much greater increase in productivity and quality of deliverables.

3. Minimize Procrastination

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There are certain tasks that no employee wants to do, but is required to do. Instead of procrastinating on these tasks out of fear and dread, the best time managers know that breaking up projects into small parts is a better way to handle a daunting project.

Managers can also decrease procrastination further by informing workers of key deadlines and asking for daily updates on the status of projects.

Online employee scheduling software that makes shift planning effortless.
Try it free for 14 days.

4. Minimize Conflict with Colleagues

An employee who is late turning in work usually impacts the work of other staffers. Because different departments are often involved in the same task, poor time management in one department causes conflict with other units.

By managing time proficiently, employees will build better relationships and earn the trust of colleagues and management.

5. Decrease Wasted Resource and Time

When employees strategically plan and prepare to meet deadlines, they usually don't waste as much work time. Office distractions are inevitable, but the response to them doesn't have to be.

Workers can make choices to eliminate or minimize distractions and use all of their allotted time and resources on important projects. By wasting less time, employees will also have more time to take breaks and recharge so they have the stamina to meet key performance indicators.

6. Access to New Career Opportunities

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Managers notice effective time managers and tend to reward and trust these individuals with greater responsibilities. Better time management also results in more free time, which is an opportunity to pursue new skills or learning opportunities.

Finally, those who are using an entry-level job as a starting point for a career will build better contacts and references if they manage their time well.

7. Instill Self-Discipline

Practicing good time management over and over again will make it a habit. Employees will build self-discipline and personal responsibility, which are the top qualities to have for advancing a career.

It also instills the confidence needed to pursue new avenues and take on more chances, because the employee will know he/she can handle it.

8. Earn Respect

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Gaining the respect of coworkers and management is essential in maintaining work-life satisfaction and self-confidence.

Because productivity improves as a result of time management, an employee will get noticed by the leadership team and other superiors. Individuals with these qualities will be able to supervise others because they will know how to properly delegate and allocate resources.

9. Improve Confidence

Lack of self-confidence in the workplace often stems from a mistaken belief that the individual is not intelligent or capable. Most of the time, this is not the problem.

Management saw potential during the interview process, but cannot always know if someone is good at managing their time.

Unfortunately, these employees lose their self-confidence and tend to blame failures on a lack of talent, when it's actually due to poor time management.

Effective time management will help the worker feel confident that he/she can complete tasks on time and perform well. This will increase self-confidence, which will bring peace of mind and personal satisfaction.

10. Gain More Free Time

Utilizing good time management skills will result in a greater amount of free time and less stress. This extra time allows the individual to work on other pursuits that interest him/her, such as hobbies, spending time with family, or traveling.

The individual can use this time to relax and recharge so he/she feels a greater sense of satisfaction. This enhanced work-life balance also leads to higher work performance and productivity, which helps an organization meet its goals.

  • 21% of work hours are spent on entertainment, social media, and the news
  • Employees check their device on average every 6 minutes
  • 40% of the day is spent on checking communication mediums
  • Only 28% of workers start their day before 8-30 a.m.

Key Takeaways

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In conclusion, here are the top reasons why time management benefits businesses

  • Good time management decreases stress levels, which in turn increases productivity. Employees work on one task at a time in a calm and prioritize key requirements, which helps them to accomplish more in less time.
  • Effective time managers procrastinate less because they know to break up daunting projects into smaller tasks. They also have less conflict with colleagues because they get work done on time.
  • Good time managers waste less time than ineffective time managers. They also have qualities that result in career advancement, bonuses, and greater trust by management.
  • Effective time management instills a sense of self-discipline, which earns the respect of management and colleagues. By improving time management, individuals have a greater sense of self-confidence and increase their free time for a better work life balance.

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