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Iconixx Insights BlogSales Performance Management

Manage time wisely to avoid worker burnout

By September 4, 2014June 11th, 2024No Comments

When managers plan salaries and incentive compensation structures, they should consider whether their pay rates accurately reflect the time worked. In addition to salary planning, managers should be sure to pay attention to staff who may be burnt out from working too much. While the concept of a 40-hour work week is ingrained into Americans’ consciousness, a new report might turn this standard on its head and employees might be working more than they think. A recent Gallup poll found the average full-time worker clocked in 47 hours per week. The number of average hours worked by U.S. employees has risen each year since 2005-2006. Gallup said workers are often on the job more than 40 hours because of their pay structure since salaried staff work more hours than hourly staff. “Hourly workers can be restricted in the amount they work by employers who don’t need or can’t afford to pay overtime,” Gallup said in a report. “By contrast, salaried workers generally don’t face this issue. And, perhaps as a result, salaried employees work five hours more per week, on average, than full-time hourly workers (49 vs. 44, respectively), according to the 2014 Work and Education survey.” Burn out and productivity levels Although more Americans are spending a greater amount of time at work, they may not be using their time as wisely as they should. Distractions at work combined with inefficient processes for getting the job done may decrease productivity levels. Lower productivity can also be an indication that workers are burnt out. Employees who work too much could experience job burnout, a specific kind of job stress, which manifests itself in a variety of ways, according to the Mayo Clinic. The signs of burnout include lacking consistency at work, not feeling fulfilled by their accomplishments or being disinterested in their job. While the effects of burnout are huge, the signs of this condition are subtle and might be hard for managers to pick up. In order to improve their ability to detect burnout, managers should use sales performance management solutions to accurately record and analyze employee-related data regarding quotas, productivity and more. Companies should provide their workers with tools for managing their time to prevent workers from spending too long on certain projects and ensure they deliver consistent performance. As more companies invest in more efficient solutions, they can help their workers save time and focus on their own well-being. If you’re looking for a salary planning software solution for your business, discover Iconixx Merit

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Ballast Point Ventures

Ballast Point Ventures is a later-stage venture capital fund established to provide expansion capital for rapidly growing, privately owned companies in diverse industries, with a particular emphasis on companies located in Florida, the Southeast, and Texas. The BPV partners have more than 70 years of combined experience investing in and building high-growth companies in a number of industries, including healthcare, business services, communications, technology, financial services, and consumer goods. BPV has $200 million under management and seeks to make equity investments ranging from $3 million to $10 million.

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Harbert Management Corporation

Harbert Management Corporation seeks to generate superior returns for their investors by identifying and investing in the most promising early growth stage companies in the Southeastern U.S. HMC seeks to capitalize on what it believes are compelling regional dynamics, such as a strong and fast-growing economy, significant research and development activities, and an established entrepreneurial community. The HMC team combines substantial investment, advisory, and operating experience with capital and networking contacts to support great entrepreneurial teams in successfully executing their growth plans. With offices in Birmingham, Alabama; Richmond, Virginia; and Gainesville, Florida, it’s well positioned to partner with entrepreneurs throughout the Southeast.

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KBH Ventures

KBH Ventures was an early investor in Iconixx Software. KBH's investment philosophy plays a significant role in the firm's successful track record. KBH believes in running businesses to be cashflow positive and profitable every month. Startups and companies in a startup mode, such as one that has been purchased in distress, are expected to generate revenue within the first six months and reach profitability within the first 12 to 18 months. KBH also only invests in or acquires companies that are in the startup phase or have less than $20 million in revenues. KBH targets technology companies that offer business-to-business services.

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S3 Ventures is an early expansion and growth stage venture firm with $200 million under management. It’s focused on information technology solutions that solve large business problems. S3 also invests in medical devices that improve the human condition. S3 invests in category-defining opportunities. It partners with the team and help focus methodically on what it takes to build a successful company. S3 today helps talented entrepreneurs take their technology and market knowledge and form valuable businesses in a repeatable fashion. Investment sizes start at several million or more for Series A, B, and C financing.