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Value of time - Do you know what your time is worth?

Value of time – Do you know what your time is worth?

Tim Lauenroth

Which value does time have? 

Time is an increasingly relevant component in times of digitalization and information flow. We have a lot of opportunities to use our time. This makes it all the more important to set priorities. In Steve Jobs’ famous graduation speech at Stanford University in 2005, he said to the students:  

“Your time is limited. So don’t waste it living someone else’s life.”

Steve Jobs, former CEO of Apple

Do we appreciate our time? 

Many people do not realize the value of their time. 

Both in the job -, and in private they live unconsciously on their lives. At work, they just sit around to get to their “well-deserved” end of the day. At home, they watch TV and lie on the couch. In this way, people hope to have energy for the next day and then look forward to the weekend.  

Now, back to the quote from Steve Jobs: In this scenario, people live the daily lives of people who are not very concerned with their own personalities. The tasks of work are not fulfilling, but burdensome. People who spend their time like this for at least eight hours a day lose their intrinsic motivation. Then there is also no energy left to live enthusiastically. This is often accompanied by neglecting your life and doing things you don’t identify with. And this although these things take up a huge part of your life.  

What would happen if we accept time as the most valuable commodity?  

Material things, such as money, cars or houses will lose relevance. Being aware of the value of time gives life a whole new significance. Because then we think very carefully about whether we want to spend eight hours a day doing work that doesn’t fulfill us. Or whether it enriches us to sit down in front of the TV after work.  

The point is to make the best possible use of the limited resource that is time. On the one hand qualitatively and on the other quantitatively: In concrete terms, this means effective time management and correct time allocation.  

In order to always keep these two factors of productivity in mind, you can ask the question for your work: What would currently help the company the most? 

How timeghost helps you? 

To keep your mind free for the answer to the previous question, the timeghost app takes care of documenting your activities.  

It is close to our hearts to help both employees and companies managing their time the best way possible. An overview should support users to see which tasks they have spent the most time on. Timeghost supports the respective user individually to document their personal appointments, events, and activities more easily. Our time tracking software is connected to the Microsoft 365 account of the user. The tracked times are clearly displayed in the timeghost dashboard. 

This makes it possible to constantly check the question: Am I spending too much time on tasks that serve the company less, or am I using my working hours in an effective way? 

The most important thing for us was to make the usage of the tool as easy and intuitive as possible to ensure an optimal collaboration between timeghost and Microsoft 365, while integrating all important features of a time tracking software.  

Feel free to test it during our free trial period.

How to get the timeghost Teams App? 

You only need to install the timeghost Teams App directly from the Teams Store in the application. You can find a manual on how to do this right here. The timeghost app includes all features that you know from the web client and since you use your Office 365 account in order to access timeghost you’re set and done in only a few seconds. 

Try it yourself 

We really appreciate all the feedback we can get, so please feel free to contact us and tell us what needs improvement or what you are missing in timeghost. 

If you need any help in setting up timeghost, please don’t hesitate to visit our Support Center or send us an email to [email protected] 


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