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Corporate Kryptonite

CORPORATE KRYPTONITE More and more, companies are looking inward to reduce inefficiencies. In this day and age, one might assume that social media are ultimately guilty for dwindling productivity, but in reality, the most consumptive activities are hidden in the caveats of everyday operations. „InfoRelay Presented by HOW TO WASTE TIME AT WORK Talk to Coworkers 14% IT Issues 11% Meetings 11% Social Media 5% In a study by TrackVia, only 5% of employees report wasting time on social media, while 11% said IT issues, and 14% said water cooler talk were the biggest "time wasters'" in their workplace. Source: AOL Jobs OK, WE GET IT! PEEK INTO THE COST OF TIME, HOW TIME IS SPENT ON THE CLOCK, HOW TECHNICAL/IT PROBLEMS AFFECT PRODUCTIVITY, AND GAIN INSIGHT INTO THE "TIME WASTERS" CULPRIT 1: IT Ain't Cheap Emergency IT | Education I Software I R&D I Public Sector Insurance THE COST OF TIME Fortune 500 companies lose $84,000 to $108,000/hour of IT downtime Average hourly compensation in dollars for employees - by Industry x 100K/ $200 Source: BusinessComputingWorld UK $156 CULPRIT 2: Oh Hey! Can I Ask A Favor? H150 The number of interruptions per day for an average employee is 56 O x 56 /) х 56 / $125 $114 100 $81 Source: Atlassian Software Company ST7 $66 CULPRIT 3: Productivity Walks A Thin Line $46 50 $4I$41 $42 The average employee checks their email 36 times in a day. $31$32 $31 x 36 I ) Entry Mid-Level Senior Source: Atlassian Software Company Source: Indeed.com THE REAL CULPRIT WHAT DO I.T. SYSTEM DOWNTIMES REALLY MEAN? In October, 2011 Bank of America Online banking was down for 6 days, and affected 29 million customers - due to April 2011, Amazon Web Services suffered a 4 day disruption, and access to 41% of an AZ database was Intuit frustrated thousands After a "core switch failure" on October 10, 2011, the BlackBerry network was down worldwide for a week, of customers when its network was jammed for 5 days, affecting Turbo Tax Online, QuickBooks Online, technical issues restricting access to Mail, BBM and AppWorld blocked and others. intuit #BlackBery Bank of America. amazon webservices Ready for a quote? Visit www.InfoRelay.com and click "Get a Quote" Source: Evolven Research BUSINESSES' REVENUE LOSS EACH YEAR FROM I.T. OUTAGES THAT HALT EMPLOYEE PRODUCTIVITY AND INCUR PRICEY EMERGENCY INVOICES ACROSS N. AMERICA AND EUROPE, BUSINESSES LOSE OVER $26.5 BILLION IN REVENUES ANNUALLY, AS A RESULT OF IT INTERRUPTIONS. - 26.5B x MAR 2013 | | 365 THE AVERAGE REVENUE LOSS/BUSINESS FROM IT INTERRUPTIONS IS $150,000 ANNUALLY FOR THE SAME COMPANIES A- 150K x MAR 2013 | | 365 SOME INSURANCE PROVIDERS BUT THEY GENERALLY DO NOT COVER OFFER COVERAGE OTHER EXPENSES FOR SALES REVENUE LOST DURING OUTAGES SUCH AS EMERGENCY IT SUPPORT Ready for a quote? Visit www.InfoRelay.com and click “Get a Quote" Source: BusinessComputingWorld UK the BIG picture FIGURES ON BUSINESS INTERRUPTIONS FOR COMPANIES IN THE USA Company classification: Best-In-Class Industry Average Laggards Number of business interruption events (#) 3.5 Time per business interruption event (hrs). . .. 1.3 4.7 8.4 Total interruptions (hrs) 1.2 14.1 29.4 Average cost/hour of interruption event (USD) 60,000 110,000 980,000 Total cost of business interruption events (USD) 72,000 1,550,000 2,880,000 Ready for a quote? Visit www.InfoRelay.com and click "Get a Quote" Source: Evolven Research PREPARED COMPANIES WIN $ Business: Interrupted According Evolven Research, companies that are prepared (with a Disaster Recovery Plan) lose approximately $2,808,000 less annually from business interruptions than their unprepared counterparts. O Unforeseen Circumstances Cost Time: Prepared companies lose ~1.3 hours of productivity annually Unprepared companies lose ~29.4 hours of productivity annually Source: Evolven Research PREPARED COMPANIES WIN is your business prepared for a weeklong IT outage? HURRICANE SANDY CAUSED 17 DAYS OF OUTAGES IN NEW ENGLAND HOW MUCH IN REVENUES AND EMPLOYEE PRODUCTIVITY WOULD YOUR COMPANY LOSE? GET PREPARED FOR THESE CRAZY WINTER STORMS! TURN-UPS DONE IN AS LITTLE AS 24 HOURS* *For standard configurations Call InfoRelay at 1.888.55-RELAY (73529) or 703 485 4600 Or visit www.InfoRelay.com and click "Get a Quote" For a free consultation on your disaster recovery plan options. FOR MEDIA INQUIRIES, VISIT WWW.INFORELAY.COM/CONTACT-US OR CALL THE MARKETING DEPARTMENT AT 703 485 4600 FOR InfoRelay sources: hr.sparkhire.com.com, jobs.aol.com, evolven.com, informationweek.com, businesscomputingworld.co.uk, emersonnetworkpower.com

Corporate Kryptonite

shared by inforelay on Feb 27
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For the most part, when we think of time waste at work, we think social media. It’s just so easily accessible as well as entertaining (to some extent). But according to a number of recent studies, i...

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