Costing Your Time
Finding Out How Much Your Time Is Worth
Do you know how much your time is worth? Probably not, unless you work in an industry where you bill clients by the hour.
Even then, you may not know about the many hidden factors that contribute to your hourly rate, such as overheads, or the cost of any benefits.
In this article, we'll look at why it's valuable to "cost" your time, and we'll give you a handy calculator that helps you to do this.
The Benefits of Costing Your Time
When you know the value of your time, it's easier to stay motivated and focused on your work.
It also encourages you to address issues that harm productivity and waste time, such as procrastination, excessive interruptions, and maladaptive perfectionism, where you become obsessed with producing perfect work, even when it takes too long to deliver.