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The real cost of productivity

SignNor by Barracuda THE REAL COST OF PRODUCTIVITY Average American Wage The Average American working hours per week The Average American hourly wage in 2014 34.5 $24.45 TIME MEETINGS 9 OUT OF 10 PEOPLE WASTERS DAYDREAM IN MEETINGS 23 7.8 2.3 HOURS HOURS MONTHS Executives average 23 hours per week in meetings which is 2.3 months per 7.8 hours of the 23 are unnecessary and poorly run year wasted Time wasted: 5 HOURS $6,357 per week Cost per employee per year SURFING THE WEB 64 percent of employees visit non-work related websites DISORGANIZATION 64% every day at work. $177 billion Time spent searching for misplaced items in the office combined with searching for lost files on the computer; the estimated annual dollars spent reaches more than $177 billion annually. AA Of that group, 39 percent spend one AAAAAA hour or less per week, 29 percent spend AAA 2 hours per week, 21 percent waste five hours per week, and only 3 percent said they waste 10 hours or more doing unrelated activities. The search for lost and misplaced materials - which accounts for nearly 38 hours, or approximately one work week annually, per employee Time wasted: 38HOURS 2.32 HOURS per week $2,949.65 The disorganized, or cluttered, workspace is considered “unprofessional" by 86 percent of respondents Cost per employee per year 86% CHECKING EMAIL 192 billion emails sent per day by 2016 Time wasted: 0.73 HOURS per week $929.10 Cost per employee per year 62% 62% of respondents worldwide cited wasting time on non-essential emails as the most challenging aspect of email use. INTERRUPTIONS 28% Only 14% of daily emails received are seen as crucial to work activities 14% The average employee spends 28% of their time dealing with unnecessary interruptions followed by "recovery time" to get back on track. 8% The time spent per day being interrupted and trying to refocus is Respondents said that 8% of all emails they received were spam 2.1 hours 10% The average manager is interrupted every 10% were personal or unrelated 8 minutes $588 billion 4 hours We spend an average of a day using email, meaning that email impacts approximately 50% of our working day. The cost of managing interruptions at work costs the US economy $588 billion per year. Time wasted: Time wasted: 10.5 HOURS 5 HOURS per week per week $13,349.70 $6,357 Cost per employee per year Cost per employee per year TIME SAVERS SALES/MARKETING AUTOMATION A quarter of all B2B Fortune 500 companies are already using marketing automation, along with 76% of the world's largest Saas companies. FORTUNE 500 Marketing automation drives a 14.5% increase in sales productivity and a 12.2% reduction in marketing overhead. Sales productivity 14.5% increase Marketing overhead 12.2% reduction USING E-SIGNATURES Reasons for time saving: An office of 100 typically saves as Following up on leads automatically much as 40 hours per month avoiding paper Presenting best leads to follow up Using eSignatures Alerting you when to follow up cuts document turnaround time Sending out relevant marketing communications by as much as Organization of all sale / marketing information 90% Time saved: 14.5% increase in productivity x 34.5 average hours worked Time saved: per week = 2 HOURS $586.80 5 hours $6,357 per month per week increase in productivity Cost per employee per year Saving per employee per year USING A CRM SALES/MARKETING AUTOMATION Sales reps saw productivity increased by 15% when they had mobile access to CRM applications. 15% MON TUE WED THU FRI SIZE MATTERS Most people actually use 60% or less of available work time. When more than 38,000 people in 200 countries were queried about individual productivity, it showed that even though they were physically at work five days a week, they were only productively using three days. 91% of companies with more than 11 employees use a CRM system, compared with 50% of companies employing fewer than 10 people. Save time by: Using a good project Overall CRM usage increased in recent years, from 56% in 2012 to 74% in 2013. 2012 management system 2013 Planning tasks into time allowances Cutting all other work out during focused times $1 = $5.60 Creating a to-do list of action items CRM offers an average return of $5.60 for every $1 spent. Planning each piece of work you need to complete Time saved: 5 HOURS Time saved: 15% increase per week in productivity x 34.5 average hours worked per week = 5.18 hour increase in productivity $6,357 Cost per employee per year $6,585.86 Cost per employee per year THE COST OF PERSONAL TIME AT WORK That's followed by 39% 29% of the people who took our survey said they spend a mere 1 hour a week or less on who spend up to... non-work related items 21% 2 hours who waste up to 5 hours a week a week wasting time on the computer at work and... Only 10 Hours of respondents spend ... or more on personal tasks while at work in a given week SignNow by Barracuda SOURCES: www.statista.com/statistics/215643/average-weekly-working-hours-of-all-employees-in-the-us-by-month/ www.nucleusresearch.com/research/research/marketing-drives-crm-roi/ www.yamlabs.com/blog/management_statistics_meetings/ www.forbes.com/sites/cherylsnappconner/2012/07/17/employees-really-do-waste-time-at-work/ www.forbes.com/sites/cherylsnappconner/2012/07/17/employees-really-do-waste-time-at-work/ www.neatasapin.net/The_Price_of_Disorganization_in_the_Workplace.pdf www.emailstatcenter.com/Usage.html www.quantumlearn.com/blog/bid/50317/6-Startling-Statistics-about-Interruptions-at-Work www.pardot.com/whitepapers/state-demand-generation-2013/ www.signnow.com | www.blog.getbase.com/18-surprising-crm-statistics www.keyorganization.com/time-management-statistics.php#multitasking www.cloudtweaks.com/2013/06/cloud-infographic-the-content-cloud/ www.extremenetworks.com/interop-2013-the-year-of-cloud-byod-big-data-mobility-and-social-media/ | www.slideshare.net/Zenoss/110-cloud-stats-figures-from-2012-zenoss-ebook-15701561 www.business.salary.com/why-how-your-employees-are-wasting-time-at-work/slide/2/

The real cost of productivity

shared by Wyzowl on Oct 06
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We all know that productivity is a big deal in business. Higher levels of productivity can lead to increased revenues, lower costs, reduced waste and – ultimately – happier customers! But how m...

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