If you saw someone in your office grab a pile of $100 bills from the petty cash drawer and light it on fire, you'd call the cops, right?
Yet people are robbing you all day, every day.
And your employees/team members are robbing each other.
And you are letting them get away with it!
Studies show that businesses lose nearly $10,000 per employee/team member per year due to distractions.
In a company/team of 100 people, that adds up to over $1 million a year.
On average, we are interrupted every 3 minutes* by digital or human factors. What's worse is it takes 11 minutes to regain concentration and focus.
See anything wrong with that math?
It’s likely we are never concentrating or in a state of focus!
To give you a sobering wake-up call, calculate your hourly rate and what it is worth in 5-minute increments. Then calculate the cost of every distraction and take that amount out of your wallet—every time you are distracted.
Example: Income $200,000 = $8.33/5 minutes. If you are distracted once every 15 minutes (not 3 minutes), it costs you $66,666/year.
Distractions not only cause massive losses in productivity, but they also increase stress and decrease motivation. Even short interruptions can have a huge effect on one's ability to complete a task. A 3-second interruption can double** the error rate when an employee's attention is shifted from one task to another.
Here are five thieves in your office to watch out for and how to stop them:
1. The Door Knocking Thief: Favorite line of this thief is, “Hey, you got a minute?” and then stays for 15 minutes talking about the weather, sports or other whines, moans and groans.
Stop Thief! Shut your door. Put a sign on the door notifying the time you will be available next so people don’t freak out thinking you are never emerging again.