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What is Time Management and why is it important?
Home » Careers » Time Management » What is Time Management and why is it important?Posted by Your Guide on October 31, 2005 11:08 AM
Time is a resource, and time management is the measure of how you allocate this valuable resource. Are you able to finish your responsibilities and finish them well? Do you focus your time on completing the most important jobs? Everyone practices time management; some people are just better time managers than others.
In the New Testament book of Ephesians, the Apostle Paul advises, "Making the most of your time, because the days are evil." We all have a limited amount of time in life and a limited amount of time at our jobs. Time management arises from the knowledge that time is a limited resources, and it is the effort to make the most of that limited resource the effort to eliminate wasted time and to be as productive as possible.
Time management is, in large part, a matter of choosing priorities. Too much time at work and in life is spent on tasks that have little or no value while jobs that have high value are ignored or delayed. Good time managers recognize what needs to be done, focus their efforts on it, and delay the less-important jobs.
Time management has important consequences for your business. Ten wasted minutes per hour means that for every six hours (or weeks or months) they you pay employees, they are working five. On the other hand, if you fail to take time to train employees or give them breaks, their production decreases. Poor time management decreases production and costs your company money.
In addition, time management skills spill over into your entire life, not just your forty hours of work each week. You are always spending time; are you spending it wisely? Are you investing in the truly important things in life and making the most of your life? The way you spend your time shows what your priorities are.
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