Like Father Like Son Meaning: Resembling one’s parents in terms of appearance or behavior. Yes. The receding hairline on my forehead and rear part of head do make me resemble like my father but he was dark brown, I am pale brown in skin – may be because my mom was fair skinned.
Back To the Drawing Board Meaning: Starting over again on a new design from a previously failed attempt. To work on the three goals Speaking, Writing, Learning is he only focus. No more mentoring. No more Freebies or free advice to anyone.
Playing For Keeps Meaning: Said when things are about to get serious. The feedback slips which many of Toastmasters handed me after my icebreaker speech really make me believe that “It all starts with a speech”. I am enjoying my Udemy speech and body language lessons and practicing to make videos to self correct as far as possible.
A Piece of Cake Meaning: A task that is simple to accomplish. I thought making and watching my own video of speech would be easy – It is scary. I find my voice and face manners unacceptable to myself.
Give a Man a Fish Meaning: It’s better to teach a person how to do something than to do that something for them. I facilitate many mentees with Equipments as gifts for improving their skills, helping them practice and books to further augment their sharpening of skills. I truly believe in this phrase.
Not the Sharpest Tool in the Shed Meaning: Someone who isn’t witty or sharp, but rather, they are ignorant, unintelligent, or senseless. I sometimes behave this way. My friend read my article and said Mirthful – I had to look up Google and then I realised it is pronounced MOUTHFUL and is associated with fun and my friend was actually pr aising me. What a dimwit I am but I learnt new word.
Fight Fire With Fire Meaning: To retaliate with an attack that is similar to the attack used against you. I am a challenger, and I am not under any attack so I think this is a good phrase but not relevant to me and hope it never comes true.
Love Birds Meaning: A pair of people who have a shared love for each other. The number of poems I read on WordPress gives me a sincerely a heart break feeling that we have more lovelorn love lost poets here than love birtds. Would be interesting to know if love birds share poetry with social media?
Drawing a Blank Meaning: Failing to recall a memory. Unable to remember something. That’s usually happening with me especially with names, things. Forgetting to wear a watch, taking keys while going out – small things. Some medication is helping or perhaps not.
Fish Out Of Water Meaning: Someone being in a situation that they are unfamiliar or unsuited for. That is the sinking feeling I used to get dealing with TAble topics at Toastmasters. Slowiy my fish is finding water and depth 🙂 .
These countries are gaining the most by employing older workers
Businesses around the world are chasing the grey dollar, but older people can contribute more to an economy than how they choose to spend their retirement funds.
Humans are living longer, which puts additional strain on healthcare provision, social care and pensions. And unless these issues are addressed, they could wreak havoc on economies in the future.
The thinking goes that by harnessing the potential of older workers, governments can raise additional tax revenues and increase spending power, which in turn boosts output.
Golden Age Index 2018
PricewaterhouseCooper’s Golden Age Index assesses the impact of older workers on different aspects of a country’s labour market, including employment, earnings, the gender gap and participation in training.
In the latest update of its report, PwC estimates that as much as $3.5 trillion could be added to the OECD economies overall by encouraging people nearing retirement age to stay longer in the workforce. This figure represents the potential long-term boost of raising workforce participation rates of over-55s to the same level as New Zealand.
At a national level, if New Zealand’s performance on employment of older workers were matched, the GDP boost could be as high as 23% for Greece, 20% for Belgium and 9% for the UK. Here’s that in dollars:
The older worker participation podium
Iceland topped the 2018 index with 84% of the 55-64 age range employed, compared with the OECD average of 60%. New Zealand was second (78%) and Israel (66.8%) took the final podium step. At the other end of the scale were Luxembourg with 40% of the same age group employed, Greece with 37% and Turkey with 34%.
Overall, the index showed an upward trend in the number of older people remaining in work across member states.
Ups and downs over time
Germany, Israel and New Zealand proved the biggest climbers, rising steadily up the index since 2003. Despite dropping a few places, the UK continued to make gains over the same period, absorbing 63% of the 55-64 age group (up from 55% in 2003) into the labour force and 21% of 65-69 year olds (up from 13%).
Mexico, Greece and Turkey suffered the biggest falls as each country dropped over 10 places down the index.
Incentives to keep working
So, what motivates people to work past retirement age? The answer is a mix of public policy and personal circumstances. The Golden Age Index identified three main drivers that influenced this decision.
Pension policies: The more governments spend on pensions the less incentive people have to keep working. The amount they receive and the age that workers are eligible to receive a pension also influence the decision to retire.
A 2012 study by Hurd, Mitchaud and Rohwedder found that public pensions have a negative effect on people’s savings and encourage them to retire early. The study concluded that a $10,000 increase in public pension worth reduces the average retirement age by roughly one month.
Life expectancy: Longer lives equate to more time spent working and there is a strong link between good health and participation in the workforce. Government healthcare policies and medical breakthroughs can facilitate people working to an older age.
Caring responsibilities: A person’s personal and financial situation are also important considerations. Caring for a spouse or a dependent could remove people’s freedom to keep working, if state care and benefits are not available. This will obviously differ from country to country.
However, taking things easy might be contagious. A husband or wife’s retirement could become an incentive for their partner to retire, too. A paper by Patrick Hesselius suggests that average sickness absence from work increases for women when their spouse retires.
Have you read?
Adapting to change
Technology is transforming the way we work. Innovation, automation and AI developments create new jobs and make existing roles obsolete. The workforce of tomorrow will need to be flexible enough to pick up new skills quickly or transfer the ones they already have.
Adapting to a future with less job security may prove challenging for older workers, who are more likely to face the consequences of automation than their better-educated and better-trained younger colleagues.
The top spots on the Golden Age Index are occupied by countries that have put policy measures in place and reformed their labour markets to target older workers.
The report recommends raising the retirement age to keep people in the workforce longer. However, to maximize the benefits of this policy governments need to support workers with lifetime learning and retraining programmes, to facilitate the skills needed for longer careers.
Making work options and pensions more flexible also supports the changing needs of older workers, by increasing opportunities for part-time or temporary jobs, as well as offering partial retirement options.
The physical needs of older employees is another important consideration. As well as adapting roles, employers can redesign factories and offices buildings to attract older workers.
The Golden Age Index figure of a $3.5 trillion boost to the OECD economy may still be some way off, but if more countries adapt the structure of their labour market and adopt a more flexible approach to older employees, the world will be working towards it.
I was reading this commercial from Tony Robbins’ Newsletter ”
When someone asks you for help, how do you respond?
The naive coach tends to “over-commit.”
They feel this heartfelt pressure to help the person, so the say, “Yes! Let me share my solutions with you. I’m committed to your change. Let’s make it happen!”
Why is this naive? Because if you rush in too much as a coach, you might scare the client away!
Or worse yet, you are seen as a “nagging” friend giving them unwanted advice. Ever experience that?
The wise coach knows better. They say, “Great. I’d love to help you.”
Then the wise coach thinks to themselves, “Let’s figure out what kind of client this is.”
You see, there are four different client types. The four types have different goals. They work at different speeds.
And they have completely different expectations for their coach.
When the naive coach “rushes in” to help, they miss out on the client’s type.
They miss what’s really going on.
The wise coach first understands the client’s type, and proceeds accordingly.
Which coach do you think is more effective?
If you ever find yourself giving advice to someone who doesn’t seem to benefit… I have something for you.
Today we will be sharing one of our top strategies for bringing faster, more profound change to coaching clients.
It will also work on anyone in your life who needs your help.”
I come into the later category of coaches – the Naive Coach! I tend to commit fast, stay committed for long and rarely have I failed.
I believe that Flirting Mentor is an Oxymoron just as a term like Naive Coach is, IMHO. A TRUE coach or mentor is neither naive nor a Flirt ! Serious coaches are Committed people and whether they commit early or later is a matter of their mind’s processes and early or late decision making capabilities/ habits – nothing else!
Great Sunday. 5th meeting of Toastmasters in 3rd Club of Bangalore. Young, vibrant crowd mixed with some bearded oldies and middle aged Techies.
- Love Birds Meaning: A pair of people who have a shared love for each other. No. did not happen. Day of course, began different.
Jaws of Death Meaning: Being in a dangerous or very deadly situation. No. Not really. Saw a Premier movie for a while but did not experience it 🙂
Two Down, One to Go Meaning: Two things have been completed, but there is one more that has yet to be finished. Yes. Today’s short walk left the Udemy course study unfinished for the day .
No Ifs, Ands, or Buts Meaning: Finishing a task without making any excuses. Experienced this later in the day with two Excuse Masters cleverly negotiating with each other.
Right Off the Bat Meaning: Immediately, done in a hurry; without delay. Yes. without any inhibition responded emails and gave guidance to even a mail marked FYI 🙂 🙂 . Lessons repeated in Communications.
Break The Ice Meaning: Breaking down a social stiffness. Great speeches by two youngsters and one International Humorist champs at Toastmasters. The breaking the ice speech was literally great.
A Chip on Your Shoulder Meaning: Being angry about something that happened in the past. Yes. I still carry one anger chip on my shoulder.
Shot In the Dark Meaning: An attempt that has little chance for success. no like hope taking shot in the dark is not part of my strategy.
Let Her Rip Meaning: Permission to start, or it could mean ‘go faster!’ If the brainfog is gone and wiser sense prevails – you don’t need any permission.
Wake Up Call Meaning: An occurance of sorts that brings a problem to somebody’s attention and they realize it needs fixing. Hmmm… will wait and watch though.
Keep Your Shirt On Meaning: Keeping calm. Usually said by someone who is trying to avoid making others upset. Yes. even while in an angry tone, try not to rant. 🙂
In today’s competitive world, recruiters no longer hold on to traditional methods of recruiting through traditional one-to-one interviews. Thanks to the added competition, which has resulted in a shortage of talent, companies are fast resorting to technology, and platforms like Skype, GoToMeetings are fast replacing the old model of interviewing.
Companies are increasingly adopting employee-centric approaches to working by providing flexi-times, work-from-home initiatives, in addition to many other perks and benefits. Organizations are also getting the option to employ people they want, as compared to the ones who were available to them.
When an organization is located over multiple areas, the big challenge is to connect all the employees located in different offices spread all across the world, to the organization’s vision, identity, and rules – the big picture. That’s where coaching comes in. It is the best way to develop junior talent and provide the skills and expertise to make them experts. Having said that, mentoring provides ample space for a person to retain his individuality and his personal sensibilities.
Note that the goal of mentoring isn’t to create clones. Instead, it is to help people achieve their highest potentialwhile being in sync with the organization’s vision and objectives.
Coaching is not an innate ability; you are not born with the art of coaching. The other misunderstanding that’s often associated with coaching is that it’s related only to sports. Coaching is about pumping people’s spirits, and motivating them. Lack of motivation doesn’t come only in sports. There are times when employees too feel a need for motivation to deliver good results. Coaching helps these employees in holding their own in their team and being a productive group.
Coaching is the method of making people realize the heights they can achieve if only they kept persevering and putting proper effort. Mainly, coaching calls for a change of thinking and approach to a task. It’s about getting the person think positively about his chances of achieving his goal. It includes employee orientation towards the workplace politics, and to assist in removing the barriers to work performance.
Optimal and Optimum
There is a difference between the usages of words optimum and optimal. If a company specifies that they are interested in obtaining optimum results, they mean they want the best output from their employees. On the other hand, if they say they are looking for optimal results, that would mean that they are interested in obtaining the best work out of you in the given circumstances, or working conditions.
There are occasions when the line between optimum and optimal are blurred in coaching. Situations like these arise when an organization starts working on a new project and they need to ram up the office fast with people who are experienced in working on similar projects.
In situations like these, the job of a coach is not only to provide high levels of motivation to employees to excel in their performance, but also to ensure that the employees perform at their peak even if the requisite resources are not always available. It’s about lifting their spirit and keeping it high throughout tough times.
Abstract: Let us take an example to understand how coaching benefits employees .M was recently promoted to the post of a Team Manager , something he does not have a lot of experience on . At their first meeting , S asked a couple of questions to M to know more about him , just to get acquainted . In the subsequent meetings , Stanley and Morgan discussed what ‘s strengths and weaknesses were , and what the improvements in skill-sets were that Morgan had to bring back to his job . Over the next few months ,M and S regularly update their progress . They also discuss game play , tactics , and team building .
Let us take an example to understand how coaching benefits employees. M was recently promoted to the post of a Team Manager, something he doesn’t have a lot of experience on. He has been given the task to manage one of the teams in the company, so he sought help from a company coach to help him in understanding the requirements for the job, and to cultivate the right approach for the job. M enrolled for a two day per week course, and was assigned a coach named Stanley, who would be coaching him for the next few months.
S started by asking M to carry a workbook with him, in which M will keep a record of the discussions and guiding points that Stanley will provide to him during the learning. At their first meeting, S asked a couple of questions to M to know more about him, just to get acquainted. Then they discussed how they are going to work together, and with other people, in realizing the goals that have been set.
In the subsequent meetings, S and M discussed what M’s strengths and weaknesses were, and what the improvements in skill-sets were that M had to bring in him to excel at his job. Over the next few months, M and S met regularly to understand and analyze their progress.
They also spent time on discussing game play, tactics, and team building. Stanley constantly referred to his old coaching logs and M’s own workbook as evidences of improvement and encouraged Morgan to keep pushing his boundaries. Mock grills and role-plays were organized to check M’s improvement in team-managing under diverse and difficult scenarios.
At the end of the coaching, M commented on how useful he found the coaching process and how it made him realize the potential inside him that he had no idea he possessed. He is now a successful team-manager and a part-time coach himself to the new employees who join the company.
Mentoring is the act of identifying and nurturing potential areas of improvement in an individual. This could be a short-term action plan targeted towards a specific goal in mind, like career growth, higher learning, or could be a life-long process of improvement. The goals and processes are always set here by the learner. The job of the mentor here is to just facilitate, guide, and provide feedback after long stages of intensive observation. Coaching relates primarily to performance improvement, and is more often a short-term achievement in a specific skills area. The goals, process and suggestion are that of the coach. While the learner has primary ownership of the goal, the coach has primary ownership of the process. Feedback is often shared instantaneously.
This tutorial is for designed primarily for those working professionals who are assigned the responsibility to either coach or mentor the new employees or junior talents in their companies to improve their skill-sets, or help them grow in their careers. This tutorial aims at teaching trainers the difference between coaching and mentoring, and how the approaches change as per the requirement of the learner.
Before proceeding with this tutorial, you are expected to have a detailed knowledge on the working process of your company, and the job responsibilities that you will handle, and the expectation your management has of you, in terms of productivity and performance.
Are your Powering Off or Powering ON?
Do you take your laptop on vacation? Do you take your smartphone or your ipad/ Tablet? Harris Interactive reported that one-third of vacationers take their laptops on vacation. During a Sunday meal at a restaurant recently, I observed a man sitting with his family talking on his smartphone — obviously about business. He was not happy neither was his family!
Harris Interactive reported that one-third of vacationers on their laptops on vacation . How grateful I was for my smartphone when I came across a young student stalled on a bus stop without one , and I could immediately get help . How convenient it is on vacation to use the Internet to explore the options for entertainment in the area on a rainy afternoon , and get directions to find it Easily . How comforting to know that my family can reach me in an emergency or something to celebrate! – regardless of where I am in the world .
The same can be said for my colleagues . Repeatedly I have emphasized that you can control the things you can control , so you can cope with the things you can not . In the complex world in which we live , especially with the level of connectivity available , it is easy to fall into the trap of feeling we are victims of other people . I cringe when someone complains about having to answer their cell phone .
If you don’t want to be reached , you can power off . If you-have to be reachable Because your job requires it , Then The issue IAM May be in the right job? Or ,have you just trained people that you are available here .Connectivity can be addictive . My daughter , who is in counseling , reminded me that an addiction is something that reduces the quality of your life and the people around you .
My passion is helping individuals and organizations create and sustain a productive environment so everyone can do their work and enjoy their lives .When used appropriately , enable your work and enable you to play . It can also undermine your priorities at work , destroy your health ,and poison your relationships when used inappropriately . The issue is not about your phone or your cell phone on 24/7 .
The question is whether your choice is improving or diminishing your life and the lives of the people around you .
Quick and Dirty
Things that are fixed with great speed, but as a result, it’s probably not going to work very well. The quick trip this year did not expect any result even after a month and I was little depressed. But the Brainwave and Udemy courses I am doing are really balancing.
There’s No I in Team
To not work alone, but rather, together with others in order to achieve a certain goal. The recent attempts to work as a team member without putting skin in the game has not worked. Partner trouble of the past always comes back however much I try to let it go.
Burst Your Bubble
To ruin someone’s happy moment. No I did not and will not do that.
Break The Ice
Breaking down a social stiffness. Hmmm… I think I shall shrink all other social activities and whatever is going on and just focus on 2 or 3 major big ticket items only. I need finishiative myself.
Right Off the Bat
Immediately, done in a hurry; without delay. But it did not yield any results. May be the introduction was not done well or my offerings were wrong or may be I was not seen as the choice or I failed to sell my services well.
I Smell a Rat
A feeling that something is not quite right, or awry. That sinking feeling ! Ahh ! but I am learning lessons on Self hypnosis and they are good. They work.
It’s Not Brain Surgery
A task that’s easy to accomplish, a thing lacking complexity. No. I do not have any simple task in my task list. I must just junk it and fill it up with small simple tasks and steps I can do and applaud myself , pat my own back.
In a Mentor’s life, Mentees come for:
1. A Reason
2. A Season,
3. Or for life and accept him/ her as Life Coach.
After a longish Five and half month I bid adieu to a worthy mentoree finally today.
Free verse by Jay
(On Cloud Nine:Meaning: Having strong feelings of happiness or satisfaction. )
Congratulations, however hard you try,
I Will always Praise.
Do congratulations make you shiver?
The communion that’s really anathema,
Above all others are the serenades.
Do serenades make you shiver?
All that is little is not hello,
hello, by all account is big.
Down, down, down into the darkness of the hello,
Gently it goes – the liberal, the high, mighty fellow.
Adieu is faces of death music.
faces of death music is Adieu.
“a strolling guitarist serenades the diners”.
“a strolling guitarist serenades the diners”,
“a strolling guitarist serenades the diners”.
Birds of a Feather Flock Together Meaning: People tend to associate with others who share similar interests or values. Have to find more and more likeminded people going forward that people poles apart.
Rain on Your Parade Meaning: To spoil someone’s fun or plans; ruining a pleasurable moment. No. Not happening. Won’t do that.
Hit Below The Belt Meaning: A boxing term. Also often used to refer to inappropriate words, or comments that are too personal. NEVER.
Poke Fun At Meaning: Making fun of something or someone; ridicule. Not happening, I am in a learning mode. Learnt a bit of self=hypnosis on Udemy and will try and find internal peace. have a Heavy head though 🙂
Quality Time Meaning: Spending time with another to strengthen the relationship. Yes meeitng coming up. started a new startup too.
Fool’s Gold Meaning: Iron pyrities is a worthless mineral that resembles gold. May write another poem today on this topic.
Tug of War Meaning: It can refer to the popular rope pulling game or it can mean a struggle for authority. Have no tug of war situation except one tough pricing negotiation coming up tomorrow..
Curiosity Killed The Cat Meaning: Typically said to indicate that any further investigation into a situation may lead to harm. I think enroling in 58 couses on Udemy is ENOUGH !
Throw In the Towel Meaning: Giving up; to surrender. No. Never. Not happening.
Eat My HatMeaning: Having confidence in a specific outcome; being almost sure about something. Yess. Will begin teaching SCM Logistics course again and take up paid coaching/ mentoring assignments for Branding/ Hyperscaling of startups.
Wake Up Call Meaning: An occurance of sorts that brings a problem to somebody’s attention and they realize it needs fixing. Just wondering, how many wake up calls one needs? One per day? For those day dreaming? Multiple times a day:)
Like Father Like Son Meaning: Resembling one’s parents in terms of appearance or behavior. Hmmm…. Appearance is OK. Behavior – may be not! 🙂
In the Red Meaning: Losing money. Being in debt. But the people in Red so get habituated of high living and dependence on others money – they seldom come down from their high horses.
A Chip on Your Shoulder Meaning: Being angry about something that happened in the past. Yes. It happens to me all the time. Difficult to let go of the past.
Mouth-watering Meaning: Delicious; something that looks or tastes appetizing.
Foaming At The Mouth Meaning: To be enraged and show it. Ha Ha ha – I do it without foaming at the mouth – I type!
Cry Wolf Meaning: Someone that calls for help when it is not needed. Someone who is lying. Hmmm… many recent cases of false alarms responded – leading to waste of time and going into a spin unnecessarily.
Easy As Pie Meaning: Something that is easy. Nothing is? Is there anything easy at all?
Tough It Out Meaning: To remain resillient even in hard times; enduring. Tough minded optimision, grit, determination and a firm commitment – yes, that’s what it is for me.
- Shot In the Dark Meaning: An attempt that has little chance for success. But worth taking. I don’t leave till the end, whenever it comes – it may or may not come. Keep at it.
- Birds of a Feather Flock Together Meaning: People tend to associate with others who share similar interests or values. Yes. Especially Conniving, Nefarious, Nexus of Corrupt always find ways to come together.
- On the Ropes Meaning: Being in a situation that looks to be hopeless! Hmmm… In such cases, I do not persist. I take a walk. A childhood trait. Whenever there was an issue about Captaincy and someone wanted to be one instead of me – I’d walk away and start a new club, a new team and remain the Captain. What an authoritarian, autocrat I was. No?
- Down And Out Meaning: (1) A term used in a boxing. (2) Someone who has become incapacitated. No. Never. Never give up. I was able to contain the heart disease with Doctors, family help and my own determination. I still live with half a heart pumping at only 35% but I choose to live and not give up.
- Hear, Hear Meaning: A shout of agreement, or to draw attention to a speaker. No many times do we hear this. These days, like the purchase managers of the olden days, people are taught to say NO NO NO NO till their tongue bleeds. 🙂
Good I learnt in childhood to play Boxing ( Even have a Stitch mark as memory below my lips – given by a worthy opponent) but LIfe sometimes teaches us great lessons.
Roll With the Punches Meaning: To tolerate or endure through the unexpected mishappenings you may encounter from time to time. Some were of course, my play and some of course happened or were stage managed by others. It happens.
Barking Up The Wrong Tree Meaning: To make a wrong assumption about something. I don’t. I perceive, Do loud thinking and after thinking make Judgement calls never assumptions, presumptions of guess work.
Dropping Like Flies Meaning: To fall down ill or to die in large numbers. Sad it happened in near family yesterday.
Down For The Count Meaning: Someone or something that looks to be defeated, or nearly so. Don’t know how this will happen or what hidden message is here.
Throw In the Towel Meaning: Giving up; to surrender. I surrender to love or to God. As they say in Urdu couplet Kaho na Khuda ( God) se langar utha de or Kaho Nakhuda Se (Human being) Langar utha de – Main bhi toofan ki zid dekhna chahata hoon !
Know the Ropes Meaning: Having a familiarity or understanding of how something works. Process is so critical to know. At times this takes my longest time researching before mentoring or during.
Cut To The Chase Meaning: To get to the point, leaving out all of the unnecessary details. It is a habit. It is called Occam’s Razor.
Needle In a Haystack Meaning: To keep going, pressing forward; never stopping. I just registered for 3 new Udemy courses. Already done 14. Learning never ends.
Wild Goose Chase Meaning: Futilely pursuing something that will never be attainable. So finally, I gave up the chase. No more.
Not the Sharpest Tool in the Shed Meaning: Someone who isn’t witty or sharp, but rather, they are ignorant, unintelligent, or senseless. It is best to Ignore them. Ignoring is to kill.
Happy as a Clam Meaning: The state of being happy; feeling delighted. I am! Feels great to study new courses which bring new skills, knowledge and provide me new tools.
A friend sent a presentation of a new biz today. Wonderful implementation plan, business plan and hyperscalable model I like.
Here’s how to calculate, in dollars and cents, the value of your time
Written by Chris Bailey × July 17, 2018
Takeaway: It’s worth calculating, in dollars and cents, what your time is worth to you. Chances are the value will orbit around four things: how frugal you are, how much you value your time, your income, and how busy you are or how overwhelmed you feel.
Estimated Reading Time: 3 minutes, 7s.
Calculating how valuable your time is can help you determine which tasks are worth spending your time on.
When it comes to productivity, one of the most powerful things to realize is that not all tasks are made equal. Some tasks in your work and home life—like training new recruits, investing in your learning, and playing a board game with your family—are valuable and meaningful to you. These are infinitely more important than repetitive work tasks, or maintenance tasks at home, like mowing the grass, cleaning up around the house, or doing your taxes—all of which can easily be delegated to a virtual assistant, student, or kid down the street.
Everyone can place a value on their time, and doing so is one of the most valuable calculations you can make when it comes to your productivity. There are countless ways in your home and work lives to buy back some time. Obviously you won’t always be able, or want to delegate tasks—especially at work, where you may not have the budget or flexibility to hire an assistant or student to work on your team. But when you look around, there are countless ways of buying back your time.
For example, deciding whether to:
fly or drive somewhere
take an Uber or public transportation
hire someone to mow your yard, shovel snow, or clean your place
hire an assistant, student, or team to delegate low-return tasks to
hire someone to do your personal or business taxes or accounting
becomes infinitely easier when you calculate exactly what your time is worth to you. Naturally, if you find value or meaning in the tasks above, they may not be worth outsourcing to someone else.
This calculation is entirely subjective, but over the last several years, as I’ve calculated my personal amount, I’ve found that the value has orbited around four things:
How frugal I am.
How much I value my time.
My income level.
How busy I am, and how overwhelmed I feel.
Even when I was a starving student, I found that there was a certain amount I would pay to buy back an hour of my time. Back then, I did my own taxes and worked a minimum wage job because my time wasn’t worth more than that—but it was still worth something, I figured around $5/hour. Today, many years later, the equation has changed: I’m busier and actually have a stable income, so I’m willing to pay more to buy back an hour of my time. In both cases, calculating how valuable my time was gave me a benchmark to see whether buying back some time was worth it.
I have a simple challenge for you: right now, spend a few minutes considering what your time is worth, given the variables above. The calculation takes some thought, but it will pay dividends over time. If you can’t do it right now, schedule 15 minutes in your calendar tomorrow to do the challenge—no matter how low or how high you think the number will be.
Every minute you save by not doing low-value tasks is one precious minute you can spend doing something more meaningful or important. When how productive you are is a direct result of how you spend your time, knowing the value of your time will let you evaluate opportunities to buy it back in the future. Every minute you save by not doing low-value tasks is one precious minute you can spend doing something more meaningful or important.This will let you spend your time on more meaningful things.
Illustration by Sinisa Sumina.