{"id":31778,"date":"2022-11-14T13:00:18","date_gmt":"2022-11-14T12:00:18","guid":{"rendered":"https:\/\/wpstaging.timetrackapp.com\/?p=31778"},"modified":"2022-11-14T09:10:17","modified_gmt":"2022-11-14T08:10:17","slug":"leverage-management","status":"publish","type":"post","link":"https:\/\/wpstaging.timetrackapp.com\/en\/blog\/leverage-management\/","title":{"rendered":"Leverage Management for Excellent Productivity"},"content":{"rendered":"<p>Archimedes, the Greek mathematician, physicist, engineer and inventor from the ancient city of Syracuse once said, &#8220;Give me a lever long enough and a place to stand, I move the earth.&#8221; Imagine you\u2019re lifting a ball weighing 20 000 kilograms. Lifting such weight is impossible and you risk irreparable injury. But you <strong>can<\/strong> lift the same object with a device, such as a jack, onto which you will transfer the weight and then lift it. That\u2019s the beauty of <strong>leverage management.<\/strong><\/p>\n<p>The same applies to your business and career. You can accomplish a lot: excellent efficiency, productivity and profitability plus lower risks \u2013 <strong>when you apply leverage. <\/strong><\/p>\n<p>Let\u2019s delve into the intricacies of leverage management in time management.<\/p>\n<h2>What does leverage in management mean?<\/h2>\n<hr \/>\n<p>Financial leverage is when an investor borrows capital as a <strong>funding source<\/strong> to invest in various assets. An investor uses leverage to increase his <strong>buying power<\/strong> in the market. Instead of using bonds and stock to raise capital, the companies use debt to invest in business operations and increase shareholder value.<\/p>\n<p>In management, leverage involves the various methods and techniques that contribute to and <strong>yield the best results<\/strong> for the company&#8217;s growth and success.<\/p>\n<p>&nbsp;<\/p>\n<div  class='avia-buttonrow-wrap av-28ipjw6-1deb7f9c9b4af6c4bedb924a2e803e8a avia-buttonrow-center  avia-builder-el-0  el_before_av_buttonrow  avia-builder-el-first '>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-1td3x4m-86c502ed2e19be7cb8ecc662d8c4440d\">\n#top #wrap_all .avia-button.av-1td3x4m-86c502ed2e19be7cb8ecc662d8c4440d{\nmargin-bottom:5px;\nmargin-right:3px;\nmargin-left:3px;\n}\n<\/style>\n<a href='https:\/\/cloud.timetrackenterprise.com\/#\/registration'  class='avia-button av-1td3x4m-86c502ed2e19be7cb8ecc662d8c4440d avia-icon_select-yes-left-icon avia-size-x-large avia-color-theme-color'  target=\"_blank\"  rel=\"noopener noreferrer\"  aria-label=\"Use TimeTrack tools to automate time management\"><span class='avia_button_icon avia_button_icon_left avia-iconfont avia-font-entypo-fontello' data-av_icon='\ue863' data-av_iconfont='entypo-fontello' ><\/span><span class='avia_iconbox_title' >Use TimeTrack tools to automate time management<\/span><\/a>\n<\/div>\n<p>&nbsp;<\/p>\n<h2>How can we leverage time management?<\/h2>\n<hr \/>\n<p>The bottom line of every business venture is to <strong>increase output.<\/strong> Every business activity has a value, and the more you increase the value of such an activity, the more you increase <strong>business value.<\/strong> Leverage multiplies value.<\/p>\n<blockquote><p>Thus, leverage management translates to <strong>improving the leverage<\/strong> of any activity to multiply its output by a large factor. Hypothetically, if delegation has a value of 10%, leveraging that activity could yield 70% of value.<\/p><\/blockquote>\n<p>As an example, to save <strong>time<\/strong> and <strong>boost productivity<\/strong>, you can regulate the number of subordinates who report to you.\u00a0As a supervisory manager, to boost the value of leveraging activities, you should have between six and eight subordinates to allow you enough time to manage effectively. The <a href=\"https:\/\/www.pmi.org\/learning\/library\/incredible-shrinking-team-investments-projects-4423\">Project Management Institute<\/a> recommends six-10 team members.<\/p>\n<p>Ensure effective planning and monitoring but do not <strong>micromanage your team<\/strong>. Do you have difficulties managing and monitoring your employees who work in shifts? <a href=\"https:\/\/wpstaging.timetrackapp.com\/en\/duty-roster\/\" target=\"_blank\" rel=\"noopener noreferrer\">TimeTrack Duty Roster<\/a> is an innovative shift planning tool to help you automatically create duty roaster based on your preferences.<\/p>\n<p>&nbsp;<\/p>\n<div style=\"width: 1040px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/wpstaging.timetrackapp.com\/wp-content\/uploads\/2022\/01\/select-work-areas-and-locations-1030x687.png\" alt=\"select-work-areas-and-locations\" width=\"1030\" height=\"687\" \/><p class=\"wp-caption-text\"><em>Simple duty scheduling &#8211; TimeTrack Duty Roster<\/em><\/p><\/div>\n<h2>Quick tips<\/h2>\n<hr \/>\n<p>To leverage time management, focus your time on the things you do best that create the <strong>biggest impact.<\/strong> Leverage other people\u2019s time and capabilities for better results and higher productivity. Do the following to effectively leverage your time management:<\/p>\n<ul>\n<li>Eliminate <strong>non-essential activities<\/strong> and focus your attention on completing the most important activities.<\/li>\n<li>Prioritize critical and urgent tasks to focus your energy on activities that pay the <strong>greatest return on investment. <\/strong><\/li>\n<li>Setting <strong>targets<\/strong> over a long period of time keeps your workforce motivated to achieve results.<\/li>\n<\/ul>\n<h2>Dos and don\u2019ts of leverage management<\/h2>\n<hr \/>\n<h3>\u00a0Dos of leverage management<\/h3>\n<ul>\n<li>Do <strong>periodic reviews<\/strong> by engaging your team.<\/li>\n<li>Do work toward becoming a <strong>good listener.<\/strong><\/li>\n<li>Do foster and <strong>reward<\/strong> excellent team results.<\/li>\n<li>Do make your team understand you care about their <strong>interests.<\/strong><\/li>\n<li>Do understand that your <strong>best resources<\/strong> are the people around you.<\/li>\n<\/ul>\n<h3>Don\u2019ts of leverage management<\/h3>\n<ul>\n<li>Don\u2019t <strong>assume<\/strong> what you hear about others is true: always investigate.<\/li>\n<li>Don\u2019t be <strong>defensive<\/strong> when you receive criticism.<\/li>\n<li>Don\u2019t take <strong>credit<\/strong> for other people\u2019s work or allow others to do the same.<\/li>\n<li>Don\u2019t encourage individualism over <strong>team development.<\/strong><\/li>\n<li>Don\u2019t <strong>compromise<\/strong> your principles or professional ethics.<\/li>\n<\/ul>\n<h2>Time leverage for greater productivity<\/h2>\n<hr \/>\n<h3>Set agile goals<\/h3>\n<p><a href=\"https:\/\/wpstaging.timetrackapp.com\/en\/blog\/agile-goal-setting\/\">Agile goal-setting<\/a> means that objectives are measurable and designed to accommodate <strong>several iterations.<\/strong> Goals become effective when you have key performance indicators to assess success.<\/p>\n<h3>Be clear on key performance indicators<\/h3>\n<p>You save more time when you understand the key performance indicators you want to measure upfront. Be <strong>specific<\/strong> about results and define the criteria for success.<\/p>\n<h3>Leverage specialists<\/h3>\n<p>Don\u2019t spend the entire time achieving little when you can employ the help of <strong>experts.<\/strong> Outsourcing or delegating gives you time to focus on your areas of strength.<\/p>\n<h3>Use technology<\/h3>\n<p>Technology makes everything easier. <strong>Save time<\/strong> and increase efficiency and productivity with the effective use of the latest technology. Use project management and time-tracking software like\u00a0TimeTrack. If your company lacks transparency with time-tracking, stop wasting hours on manual transcribing and use <a href=\"https:\/\/wpstaging.timetrackapp.com\/en\/timesheet\/\" target=\"_blank\" rel=\"noopener noreferrer\">TimeTrack Timesheet<\/a> to monitor your employees&#8217; attendance, breaks and working hours.<\/p>\n<div id=\"attachment_30211\" style=\"width: 760px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-30211\" class=\"wp-image-30211\" src=\"https:\/\/wpstaging.timetrackapp.com\/wp-content\/uploads\/2022\/09\/time-management-time-sheet-terminal-mobile-300x197.png\" alt=\"leverage-management-timetrack-timesheet\" width=\"750\" height=\"492\" srcset=\"https:\/\/wpstaging.timetrackapp.com\/wp-content\/uploads\/2022\/09\/time-management-time-sheet-terminal-mobile-300x197.png 300w, https:\/\/wpstaging.timetrackapp.com\/wp-content\/uploads\/2022\/09\/time-management-time-sheet-terminal-mobile-1030x677.png 1030w, https:\/\/wpstaging.timetrackapp.com\/wp-content\/uploads\/2022\/09\/time-management-time-sheet-terminal-mobile-768x505.png 768w, https:\/\/wpstaging.timetrackapp.com\/wp-content\/uploads\/2022\/09\/time-management-time-sheet-terminal-mobile-705x463.png 705w, https:\/\/wpstaging.timetrackapp.com\/wp-content\/uploads\/2022\/09\/time-management-time-sheet-terminal-mobile-595xh.png 595w, https:\/\/wpstaging.timetrackapp.com\/wp-content\/uploads\/2022\/09\/time-management-time-sheet-terminal-mobile.png 1080w\" sizes=\"auto, (max-width: 750px) 100vw, 750px\" \/><p id=\"caption-attachment-30211\" class=\"wp-caption-text\"><em>TimeTrack Timesheet<\/em><\/p><\/div>\n<h2>Leverage project management<\/h2>\n<hr \/>\n<p><span style=\"font-size: 16px;\">Avoid being everywhere and ending up doing <strong>little or nothing.<\/strong> Understand that your attention, time and decision-making capacity are limited. This means <strong>prioritization<\/strong> becomes the key to achieving anything. <\/span><\/p>\n<p><span style=\"font-size: 16px;\">With leverage, you can achieve more with <strong>minimal<\/strong> efforts.<\/span><\/p>\n<h3>Plan and delegate<\/h3>\n<p>Have you ever tried to juggle a mental to-do list? It is futile, <strong>saps energy<\/strong> and could make you miss deadlines. A\u00a0<a href=\"https:\/\/wpstaging.timetrackapp.com\/en\/blog\/daily-calendar-with-time-slots\/\" target=\"_blank\" rel=\"noopener noreferrer\">daily calendar with time slots<\/a> should be your first plan of action where you can streamline tasks for a <strong>better outcome.<\/strong><\/p>\n<p>Delegation is one of the most leveraged activities because of its ability to <strong>multiply influence.<\/strong> It helps you to enhance the output of your employees or subordinates, thereby improving efficiency.<\/p>\n<h3>Communicate concisely<\/h3>\n<p>Communication is key &#8211; is the oft-said phrase. With good reason. <strong>Excellent communication<\/strong> can motivate the team, keep everyone on track and quickly and easily solve problems. When you communicate with precision, you alleviate the need for micromanaging.<\/p>\n<h3>Connect people<\/h3>\n<p>Connect the dots and people in your organization. You know virtually everyone, and as a manager, you know those from one department who are relevant to staff in another department. Bring them together in a team to leverage their <strong>knowledge and skills.<\/strong><\/p>\n<h3>Timebox non-essential tasks<\/h3>\n<p>Keep your to-do list handy and refer to it often. It will help you assess the time needed to <strong>complete a task<\/strong> and if there\u2019s a need for delegation. Where there are <strong>low-value activities<\/strong>, block out time for them, especially when the most important tasks are yet to be completed.<\/p>\n<h3>Allow levels of control<\/h3>\n<p>While you monitor to ensure people do what they are supposed to, allow some <strong>levels of freedom.<\/strong> Avoid extremely <strong>close supervision<\/strong> because this is just a <a href=\"https:\/\/wpstaging.timetrackapp.com\/en\/blog\/time-thief-at-work\/\">time thief<\/a>.<\/p>\n<p>It is good to aspire to be the best but you must not stifle the creativity of your team by falling into the <a href=\"https:\/\/wpstaging.timetrackapp.com\/en\/blog\/perfectionism-trap\/\" target=\"_blank\" rel=\"noopener noreferrer\">perfectionism trap<\/a> where you insist on <strong>every last detail<\/strong> being exquisite perfection. Strive for excellence but be realistic with time and resources for <strong>productive leverage management.<\/strong><\/p>\n<h3>Encourage employees<\/h3>\n<p>In a fast-paced workplace, everyone is busy. The problem is that such an environment could hamper <strong>innovation.<\/strong> Staff may have ideas but will keep to themselves unless prompted. Encourage them to speak up when they have great ideas.<\/p>\n<div id=\"attachment_31792\" style=\"width: 739px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-31792\" class=\"wp-image-31792 \" src=\"https:\/\/wpstaging.timetrackapp.com\/wp-content\/uploads\/2022\/11\/Leverage-management-300x300.png\" alt=\"leverage-management-timetrack\" width=\"729\" height=\"729\" srcset=\"https:\/\/wpstaging.timetrackapp.com\/wp-content\/uploads\/2022\/11\/Leverage-management-300x300.png 300w, https:\/\/wpstaging.timetrackapp.com\/wp-content\/uploads\/2022\/11\/Leverage-management-1030x1030.png 1030w, https:\/\/wpstaging.timetrackapp.com\/wp-content\/uploads\/2022\/11\/Leverage-management-80x80.png 80w, https:\/\/wpstaging.timetrackapp.com\/wp-content\/uploads\/2022\/11\/Leverage-management-768x768.png 768w, https:\/\/wpstaging.timetrackapp.com\/wp-content\/uploads\/2022\/11\/Leverage-management-36x36.png 36w, https:\/\/wpstaging.timetrackapp.com\/wp-content\/uploads\/2022\/11\/Leverage-management-180x180.png 180w, https:\/\/wpstaging.timetrackapp.com\/wp-content\/uploads\/2022\/11\/Leverage-management-705x705.png 705w, https:\/\/wpstaging.timetrackapp.com\/wp-content\/uploads\/2022\/11\/Leverage-management-595xh.png 595w, https:\/\/wpstaging.timetrackapp.com\/wp-content\/uploads\/2022\/11\/Leverage-management.png 1080w\" sizes=\"auto, (max-width: 729px) 100vw, 729px\" \/><p id=\"caption-attachment-31792\" class=\"wp-caption-text\"><em>Leverage time and resources<\/em><\/p><\/div>\n<h2>Conclusion<\/h2>\n<hr \/>\n<p>Leverage management is the best way to <strong>make an impact<\/strong>, especially because your actions affect your team. You can leverage your time or others&#8217; capabilities through outsourcing and delegation to<strong> maximize opportunities<\/strong> toward achieving improved results.<\/p>\n<p>&nbsp;<\/p>\n<div  class='avia-buttonrow-wrap av-28ipjw6-1deb7f9c9b4af6c4bedb924a2e803e8a avia-buttonrow-center  avia-builder-el-1  el_after_av_buttonrow  avia-builder-el-last '>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-1td3x4m-6cf160dc09e257dd5b596b7834b6cee2\">\n#top #wrap_all .avia-button.av-1td3x4m-6cf160dc09e257dd5b596b7834b6cee2{\nmargin-bottom:5px;\nmargin-right:3px;\nmargin-left:3px;\n}\n<\/style>\n<a href='https:\/\/cloud.timetrackenterprise.com\/#\/registration'  class='avia-button av-1td3x4m-6cf160dc09e257dd5b596b7834b6cee2 avia-icon_select-yes-left-icon avia-size-x-large avia-color-theme-color'  target=\"_blank\"  rel=\"noopener noreferrer\"  aria-label=\"Test TimeTrack for improved efficiency\"><span class='avia_button_icon avia_button_icon_left avia-iconfont avia-font-entypo-fontello' data-av_icon='\ue863' data-av_iconfont='entypo-fontello' ><\/span><span class='avia_iconbox_title' >Test TimeTrack for improved efficiency<\/span><\/a>\n<\/div>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Archimedes, the Greek mathematician, physicist, engineer and inventor from the ancient city of Syracuse once said, &#8220;Give me a lever long enough and a place to stand, I move the earth.&#8221; Imagine you\u2019re lifting a ball weighing 20 000 kilograms. Lifting such weight is impossible and you risk irreparable injury. But you can lift the [&hellip;]<\/p>\n","protected":false},"author":34,"featured_media":30547,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[153],"tags":[229,138],"class_list":["post-31778","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-time-management","tag-leverage-management","tag-time-management"],"_links":{"self":[{"href":"https:\/\/wpstaging.timetrackapp.com\/en\/wp-json\/wp\/v2\/posts\/31778","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/wpstaging.timetrackapp.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wpstaging.timetrackapp.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wpstaging.timetrackapp.com\/en\/wp-json\/wp\/v2\/users\/34"}],"replies":[{"embeddable":true,"href":"https:\/\/wpstaging.timetrackapp.com\/en\/wp-json\/wp\/v2\/comments?post=31778"}],"version-history":[{"count":0,"href":"https:\/\/wpstaging.timetrackapp.com\/en\/wp-json\/wp\/v2\/posts\/31778\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wpstaging.timetrackapp.com\/en\/wp-json\/wp\/v2\/media\/30547"}],"wp:attachment":[{"href":"https:\/\/wpstaging.timetrackapp.com\/en\/wp-json\/wp\/v2\/media?parent=31778"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wpstaging.timetrackapp.com\/en\/wp-json\/wp\/v2\/categories?post=31778"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wpstaging.timetrackapp.com\/en\/wp-json\/wp\/v2\/tags?post=31778"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}