The ability to use one’s time effectively or productively, especially at work is known as “time management and it is the key to efficient working”. It could also be referred to as the way that you organize and plan how long you spend on specific activities.
It may seem counter-intuitive to dedicate precious time to learning about time management, instead of using it to get on with your work, but the benefits are enormous:
Failing to manage your time effectively can have some very undesirable consequences:
Spending a little time learning about time-management techniques will have huge benefits now – and throughout your career.
Performance management includes activities which ensure that goals are consistently being met in an effective and efficient manner. It is the process of creating a work environment or setting in which people are enabled to perform to the best of their abilities.
Time and performance management are two very sensitive factors that affect productivity in the work place. In a bid to manage time effectively, one might end up carrying out tasks in a horrid manner. Thus, leading to mistakes and poorly done jobs. On the other hand, in the process of performance management, one might not be able to get jobs done on time but would end up performing tasks efficiently and effectively.
If time is managed effectively, it can help reduce stress and more work is done under a shorter time. Effective time management also helps to minimize procrastination. Work that would have been pushed to another day would be handled on time. It also gives on a sense of achievement as being able to finish one’s task for the day on time brings an internal joy.
Poor time management on the other hand brings about inefficiency. When one is able to achieve the stipulated tasks for the day, it may come across as a sign of inefficiency. It also makes one lose confidence in oneself. Being unable to achieve the set daily goals, one can begin to see himself/herself as incompetent, thus losing confidence in one’s ability.
Having good performance management involves being able to carry out tasks efficiently and effectively, thus, boosting one’s confidence in the process. It motivates employees towards the overall goal at hand, thus making them increase their effort. It optimizes operations in the organization as things are being done effectively and efficiently.
However, when things are not done effectively, it could lead to cases of financial loss and lack of trust from shareholders, partners and customers. It also leads to loss of self-esteem as affected employees are tagged incompetent.