The top 10 benefits of time management for your business

People who structure their days efficiently can achieve a lot for themselves, their team, and their organization at large. And yet, 82% of people don’t have a dedicated time management system. The majority deal with whatever comes up, which leads to a sense of being out of control or overwhelmed with work.

If you’re looking for reasons to justify revamping the way you and your employees manage your time, we have you covered. In this article, Remotes shares the importance of time management, plus ten ways it can benefit your business.

Why is time management important?

Solid time management skills help you complete day-to-day tasks more efficiently. Good time management helps you be more productive and establish clearer boundaries between your personal and professional life.

For individuals, a lack of time management skills can lead to burnout and lower-quality output. Organizations that lack productive employees are less likely to accomplish their goals.

What does effective time management look like?

How you improve time management at your company will revolve around the unique needs of your team. The key is to have a meaningful system for managing time spent on tasks, tracking productivity, and prioritizing what matters most.

A time management system might include the following:

• A time-tracking system to keep track of hours spent on tasks

• Tools for prioritizing and assigning tasks to team members

• Guidelines around how much time tasks should take for employees

• Tools to help minimize procrastination and maximize focus time

• Clear boundaries on work hours 

Now let’s look at why it’s worth focusing on time management at your company.

10 benefits of time management 

Here are the top 10 advantages of time management for your organization.

1. Enhanced employee productivity

68% of people say they don’t have enough uninterrupted focus time during the workday. Implementing effective time management systems allows employees to focus and complete one task at a time. Since interruptions are kept to a minimum, your business has more productive workers.

2. Increased profitability

Time tracking tools can help you determine how long each task should take so that you can effectively allocate your budget and ensure you’re not overpaying (or underpaying) your workers. With this information, you can staff your teams appropriately without worrying about misallocating resources.

3. Strategic focus

As a leader in your company, it’s important that you spend time doing just that — leading. Poor time management makes it easy to use up your hours completing tasks you can delegate. Managing your time well means assigning duties so you can focus on moving your organization as a whole in the direction you want.

4. Adaptability and innovation

As a company leader, it’s important to be adaptable and innovative to retain a competitive advantage in your market. When you can manage your time to plan for strategic goals, you can think creatively and make better decisions to overcome obstacles.

5. Improved customer satisfaction

The average employee spends 57% of their time in meetings or responding to emails and chats. When knowledge workers are burdened by responding to emails and messages, they have less energy to focus on getting priority work done. Good time management helps remove this burden so your team can meet deadlines and hit metrics that result in happy clients.

6. Enhanced work-life balance

Effective time management helps maintain a healthy work-life balance. Working efficiently means you can complete your tasks on time and then sign off, which creates a clear separation between your job and your personal life. Remember to lead by example to show employees should disconnect after work.

7. Improved employee morale

Implementing effective time management strategies is a great way to improve employee morale. When employees have time to focus on important tasks, they reach their goals. Employee morale and confidence grow are your team members are doing well in their roles. Happy employees build off of each other, building a productive and engaged workforce.

8. Higher employee engagement

Unfortunately, only 33% of employees are engaged at work. Since employee engagement affects productivity, strategies that lead to invested, motivated workers are important for achieving company goals.

As a leader, communicate clear expectations so your team members can manage their time. You can keep your employees engaged by setting realistic goals, so they can properly relax during their time off.

9. Enhanced collaboration

Managing your time well can make room for brainstorming and creative thinking. When employees structure their days efficiently, they free up space to collaborate with their teammates, which can lead to innovative ideas and creative problem-solving. Better collaboration also results in closer relationships between co-workers and improved teamwork.

10. Competitive advantage

By freeing up time to focus on strategic priorities — such as setting the organization’s direction and exploring innovative approaches to achieve your goals — you enhance your ability to outpace competitors. Moreover, a company known for delivering consistent results, fostering employee satisfaction, and embracing innovation builds a strong reputation that further solidifies its position in the marketplace.

Experience the benefits of efficient time management

Now that you know the top reasons an effective time management system can benefit your organization, its time to get organized.

One of the easiest ways to let you and your employees focus on your most important tasks is to make administrative duties as quick and straightforward as possible. A global HR partner like Remote helps simplify all your HR tasks to to quickly recruit, pay, and manage teams anywhere in any currency.

Plus, Remote HR Management empowers your team to easily take care of common HR tasks, like requesting time off and managing their benefits. This translates to more time for them to focus on important assignments.

To learn more about how Remote can help improve your team’s time management skills, chat with one of our experts today.

Consolidate your global HR

Use Remote HR Management to bring all of your team, data, and processes together in one simple platform.

Create your free account