Organizational Time Management views time as a scarce resource that must be invested as effectively as financial resources. Companies that track organizational time can measure not just the amount of time that managers spend on various tasks, but with whom they spend time and even their level of engagement during meetings. By bringing the same discipline to time budgets that they apply to capital budgets, companies can curb time pressure on executives, lower costs and boost productivity.
Usage and satisfaction among survey respondents
What Organizational Time Management does:
Organizational Time Management requires managers to set time priorities by considering both the urgency and the importance of all tasks. Companies may use time-management tracking tools such as Google Calendar, Microsoft Outlook and iCal to analyze time allocations, meeting attendance and organizational behaviors such as parallel processing and double booking. Personal Time-Management Dashboards automate the process of tracking executives’ time use against actual priorities. Although these tools require strong safeguards to protect employee privacy, they enable firms to measure and manage time more effectively.
Organizational Time Management is most powerful when it’s combined with analytic tools such as productivity benchmarking, and it spans and layers analysis. The goal is to eliminate low-value activities and use the time saved to redeploy talent or reduce head count. It involves the application of eight related principles:
- Setting selective agendas
- Using a zero-based time budget
- Requiring a business case for each initiative
- Simplifying the organization
- Delegating authority for time investments
- Standardizing the decision process
- Making time discipline organization-wide
- Using feedback to manage organizational load
|RELATED TOPICS||HOW BAIN CAN HELP|
Companies use Organizational Time Management to:
- Measure employee time usage
- Eliminate unproductive meetings
- Reduce dysfunctional behaviors like parallel processing and double booking
- Free up executives’ time for value creation
Five key trends emerged from Bain's survey of 1,268 managers.
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