Description: According to Inc.com, over 50% of the average worker’s workday is chewed up by 3 unnecessary tasks. You might be able to guess a couple of them quite easily: emails you don’t really need to do your job and those “no value added” meetings. The third time waster actually happens outside the workplace as you commute to and from the office. According to Inc.com, you spend about 5.6 years of your work life in your car.
Date: October 8, 2019
1) Have you experienced these time-wasters in any of the jobs you have had while attending university?
2) How could a managerial accountant develop a way to cost each of these three time wasters?
3) In Wiley’s Managerial Accounting: Tools for Business Decision-Making, you can learn about the concept of ROI. If you were asked to calculate the ROI on a new office email system, how might you factor in the cost of the lost time from the unnecessary email?