According to the source above, Collaboration Tools are at the top of the list for better time management and increased productivity.
It is interesting to note that the third title is “Take Advantage of Online Platforms”.
According to the survey, the most common time-wasting pain is “Waiting for Information”
Say an employee wasted 15 minutes on a phone call each day to find relevant information and on average has to make 2 of these calls each day, this means 30 minutes wasted for each employee.
Multiply this with the total number of employees in a company, so say 50 employees, 50×30=1500 minutes, that’s 25 hours nearly 3 days work gone.
Let’s put monetary value on this for example, your day rate is £400/day.
You have just saved £1200.00 a day, say it happens 3 times a week
That’s a whooping saving of: £187.200 a year!
Source: Mashable Business