Sunday, September 2, 2007

Time Management

Rakesh is a senior executive in a top firm, eminently qualified for his job. He is ambitious and does not easily trust his subordinates, afraid of being let down by them. He, therefore, tries to do everything himself and is left with little time to think over larger issues. He remains immersed in files and carries work home. The last time he took the family for an outing appears to be years ago.

Shiv, also in a senior position in the same firm, heads another department. However, the ambience here is different. Everyone goes about his job with a song on his lips and Shiv is always at hand, easily accessible to anyone. He packs for home on time and frequents the golf course in the afternoon. Holidays with the family help him to unwind further, which brings in added zip to his job.

What essentially is the difference between these two executives?

Most people seldom have enough time to do all the things they want to do. They have to work late in the offices, carry papers home for disposal and spend all their energy in the drudgery of daily routine. They have, therefore, no time to plan and execute jobs requiring their personal attention. Nor do they have adequate time for self-development. One’s control over time is directly related to the hierarchical position one holds in an organization.

Of all the resources—human, material, financial and the like—time is the scarcest. It is rightly said that time is money. An executive earning Rs 40,000 per month has his time cost him Rs. 1,818 per day and Rs 227 per hour. This works out to Rs four every minute of his working time, including lunch and coffee breaks. Time must, therefore, be utilized with utmost care and on a priority basis. In the competitive environment prevailing in all spheres of life, the one who manages his time effectively will have the cutting edge.

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