According to Willis North America, employee disengagement costs U.S. employers $350 Billion per year in lost productivity. Research Works estimates the following index:
- Highly engaged employees: 20%
- Engaged employees: 15%
- Disengaged employees: 40%
- Actively disengaged employees: 25%
The Pareto Principle states that 80% of our success comes from 20% of our activities. Do you know which activities count toward success in your job? If not, it is time to purchase or design a system to start tracking where you spend your valuable time.
In business… some High Value Activities Habits might include:
We have looked at the 80/20 Rule, or the Pareto Principle, many times in our posts and for a variety of topics. The Pareto Principle basically touches everything we do.
This post covers our High Value Activities, or HVAs. These are the daily, weekly, monthly activities that are going to make your goals, dreams, ideas, and results come alive! 80% of our success comes from 20% of our activities. Yes, you heard that right. A mere 20% of our activities fuel our success. The remainder of our time we are working on Low Value Activities that can be very exhausting. They are the routines and ruts that we find ourselves in that many times can be eliminated or delegated.
In our next post we will look at ways to move closer to our High Value Activities.
“Are we doing things right or are we doing the right things?” Judy Bell
We looked at the Pareto Principle in the earlier post, which most people recognize as the 80/20 Rule. Malcolm Gladwell has written several books around this theme and he says, “The success of any kind of social epidemic is heavily dependent on the involvement of people with a particular and rare set of social gifts.”
Gladwell describes these gifted people as Connectors, Mavens, and Salesmen.
We have looked at the Pareto Principle a few times in our blogs at InnerActive Consulting Group. Today we will look at this important principle from the perspective of Malcolm Gladwell, who has several very successful business books that many great leaders as well as business coaches follow. His book, “The Tipping Point: How Little Things Can Make a Big Difference”, contains many nuggets of business (and life) brilliance.
Most of life follows the Pareto Principle. So…what’s that? The Pareto Principle is also known as the 80/20 Rule. We’ve all heard of this rule and it is in practice in most aspects of our lives. Simply stated, the principle submits that 80% of effects come from 20% of causes. Additionally, the Pareto Principle is referred to as the “law of the vital few” and the “principle of factor sparsity”.
Italian economist, Vilfredo Pareto, first wrote about this phenomenon in 1906. Pareto developed a mathematical formula to document his findings that 20% of the population owned 80% of the land. Pareto was also able to establish that 80% of the peas in his garden came from 20% of the plants.
The fifth C in the twelve part series on success is Concentration.
Concentration is a unique trait of the most successful people and organizations. The unsuccessful usually have no understanding of the importance of this characteristic. If the ability to concentrate is missing or limited, then you will find people working on mostly low priority items or activities. The outcomes and results are also limited, therefore, high performance is not possible.
What is Concentration?