The Gift of Time. Thomas Gail

i.e. have a better and more enjoyable job and so be a better and more pleasant co-worker

      • enables managers and executives to explore the limits of their potential because they are not bogged down by repetitive tasks through downward delegation

      • enables employees at all levels to develop their skill sets and experience and to earn accolades and show their potential to their superiors through successful upward delegation as well as successful receipt of downward delegated workload

      • enables a happier workforce comprising workers who play to their strengths through sideways delegation and get to enjoy jobs that consist largely of things they enjoy doing most and are best at.

      Economic impacts spread far:

      • In creating employment, we create increased disposable income and an increase in consumerism as well as all the related impacts on the housing and property market.

      • In freeing up SME owners to create growth, we already know of the hundreds of billions of pounds this adds to the global economy.

      • In freeing up managers and executives to be creative and generate growth, we naturally return increased taxes to the government and improve shareholder return (which also presumably results in bonuses for staff in all the requisite benefits mentioned above regarding disposable income).

      • In applying all the same delegation disciplines and in achieving all the same results in civil service, government and government divisions, we achieve improvements in service delivery and through reduction in costs underlying a return or benefit to the taxpayer.

      • In applying all the same to charities, an increased proportion of funds raised can be attributed – one hopes – to the causes supported by the charity.

      3

      THE VALUE OF DELEGATION

      There are many ‘soft benefits’ to delegation which are highlighted in the previous chapter but there is a definitive commercial value to the bottom line of a business or organization that gets delegation right. It manifests itself essentially in four ways:

      • the newly-created revenue – for SMEs, corporate, charities and governments (discussed more below);

      • the value added to the business – for SMEs as a reduction of dependence on the owner, both for resale and for business resilience;