Ever wonder where your money goes? Interruptions cost you money! You are the best person to estimate time waste in your company. We have developed the following calculator to help you determine the cost of your time that is wasted due to unwanted and unnecessary interruptions.
Cost of Wasted Time
Interruptions use your valuable time and money. Researchers have found that it takes between 2.9 and 20 minutes to get back to the same level of concentration you had prior to an interruption. To estimate your own cost of wasted time in each month, multiply the following numbers:
_____ # of Phone Interruptions:
_____ x # of minutes needed to resume concentration at the level prior to the interruption:
_____ x # of workdays/month (assume 22):
_____ = Total # of Minutes wasted/month:
_____ ÷ 60 (minutes in an hour):
_____ x your hourly rate (Business owners; enter your billable rate):
_____ = Total cost of your time wasted:
Let’s assume you have just 2 interruptions per day, that it takes you only 4 minutes to resume concentration on the task at hand, and that you earn $35/hour. In this very conservative example, you lose over $100 a month!
Now let’s assume you bill out at $100/ hour and it takes you a mere 5 minutes to resume concentration on the task at hand. By avoiding 2 unnecessary interruptions each day, you save $367 each month!
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