Time Value

Time Value

DOI: 10.4018/978-1-4666-0240-3.ch011
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Abstract

Within organizations, time is essentially equal to money; or is it? Should it be that employee output is equal to money as opposed to their time on the job? Time is an important resource that is often directed but not measured accurately relative to cost for the organization or the individual. Organizations also face issues related to the length of time employees choose to remain with the company, and/or they may employ downsizing/rightsizing strategies of their own. Time value is used to determine depreciation rates for technology and is easily reconciled from a cost perspective by employers. Time is measured in a continuum despite efforts to segregate its value in the workplace (Taylor, 1911). The purpose of this chapter is to: (1) present the concept of time value; and (2) analyze and compare technology time value including life span of equipment and depreciation of equipment expense with people time value including length of time in position and downsizing/rightsizing.
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Background

Historically, time value was equated to success or productivity. In most publications, it is not directly referred to as time but can be inferred through terms such as effort and associated with the climate of the organization. Marcoulides & Heck (1993) stated that

“Besides managing the core technology of the organization, leaders also may have some impact on building a productive organizational climate through the emphasis on particular sets of organizational values, and the amount of effort expended in this domain is predictive of organizational outcomes.” (p. 212)

In this instance leaders’ effort or amount of time is seen as a predictor of outcome results (Heck, Larsen, & Marcoulides, 1990; Owens, 1987)

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