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Time management: the first and best lesson here is that you can't actually manage time itself--what you can manage is how you use your time.
Relationship of time management to management of employees: obviously, you need to manage your time in a way that you get everything done, because your employees depend on you. However, you are also setting a standard for the way in which your employees will manage themselves--if they see you procrastinating or not completing things on time, they will too!
"Time wasters", and "stealing time" : an increasing issue for managers is employees who are physically at work but are concentrating on something else--their facebook feeds, the latest celebrity gossip, or (my personal favorite!) funny cat videos. This is sometimes called "stealing time" since the employees are "on the clock."
For further reading/listening:
Getting Around to Writing the 'Art of Procrastination' on NPR: http://www.npr.org/2012/09/06/160670566/getting-around-to-writing-art-of-procrastination: This author has a system for 'structured' procrastination! A fun interview, and also includes some good lessons about motivating your inner procrastinator.
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