Business managers and consultants waste £28k each on procrastinating each year
We’re all guilty of a little procrastination- Monday mornings are often biding your sweet time until your second coffee kicks in. It got us thinking at just what cost was procrastination costing the businesses that we work for?
Well our jaws somewhat fell on the floor when we discovered that
business managers and consultants spend over three and a half hours of their day procrastinating – wasting £28,111 of their employers’ money every year, based on the average business consultant’s salary.
Procrastination costs UK businesses £345bn every year
Those often tasked with finding efficiencies are the worst culprits for taking extended lunch breaks, averaging an extra 16 minutes per person every day. The average times that each business manager or consultant spends every day on the most time-wasting activities in the sector are:
- 16 minutes on extended breaks or lunchtimes
- 15 minutes on tea and coffee breaks
- 13 minutes making personal calls
- 12 minutes on online shopping
It means the sector is one of the worst for wasting time at work in the UK, ranking behind only the environmental industry, the performing arts and marketing.
A study of employees in 28 different broad fields of work in the UK economy determined how long they each spend on 15 common work-delaying activities daily.
The information was then used to create the Procrastination Calculator, which measures how much of someone’s salary is effectively wasted on menial daily tasks throughout the year and a typical working lifetime.
It revealed that, while the UK’s 33 million workers on average waste almost three hours, costing the economy £1.3 billion a day, business managers and consultants are much more easily distracted.
The 220 minutes that they typically spend on things like cigarette breaks, online shopping and snacking would add up to enough time to attend 3,710 internal meetings a year, or to get a train between Edinburgh and London 206 times.
The Procrastination Calculator allows people to enter their own salary and how long they typically spend on each of the 15 procrastination activities, to find out how much of their boss’s money is spent on them each year. It also makes the time more real by showing the equivalent tasks that could be completed in that time.
To check out how much you spend your days procrastinating use the procrastinator calculator here