Ben Franklin said, “Time is money.” But exactly how much money is your time worth. It may be helpful to think of each hour or even each minute of your time as having a dollar value. Here’s some examples of how it breaks down. Let’s assume you work a normal 8 hour day 244 days a year.
If your annual salary is $30,000, every hour costs your company $15.36. Every minute is worth 25.6 cents. That means a four minute break costs over a dollar.
If you are in the $60,000 bracket an hour is worth $30.73. Every minute costs 51 cents. So a 15 minute personal call at work cost $7.65. And those numbers don’t even include the cost of any benefits you receive.
Realizing how much your time costs the company makes you a better employee which might mean giving a better testimony to an unsaved boss when he sees you redeeming the time.
Rick Grubbs is best known as the host of “Redeeming the Time,” a one-minute radio program featured on hundreds of radio outlets around the world. He has spoken thousands of times on Biblical time management in all 50 states and 26 other countries. He is the author of the book “Morning Momentum: God’s plan for launching an unstoppable day”. He and his wife Carrie live in Salisbury NC with several of their 12 children.