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May 17, 2013

How Much Work Is Right?

Erin Callan, the then-Chief Financial Officer of now-defunct Lehman Brothers, learned it the hard way: You are not your job. Recent findings show that the optimal way to get things done may be to spend more time doing less. Downtime allows for the unexpected connections and inspiration that let real work get done. The only question is, How much is right?

Ms. Callan's relentless drive and endless hours spent on her job at Lehman left her with practically no personal life, and a marriage that would soon fail after Lehman collapsed.

"Inevitably , when I left my job, it devastated me," she wrote. "I couldn't just rally and move on. I did not know how to value who I was versus what I did. What I did was who I was."

Ms. Callan was once a rockstar on Wall Street. This video shows her rise and fall.


Ms. Callan is only one of the most egregious examples of what you and I face on a daily basis: How much time to give for the best results and true fulfillment?

Some 2,500 years ago, the Chinese sage Lao Tzu wrote, "He who clings to his work will create nothing that endures. If you want to accord with the Tao, just do your job, then let go."

Now this ancient wisdom is backed up by cutting-edge multidisciplinary research that shows: Strategic renewal, from daytime workouts to short afternoon naps, from longer sleep to more time away from the office, boosts productivity, job performance and, of course, health.

In the United States, one recent study at Harvard University found that sleep-deprived workers cost American businesses $63.2 billion a year in lost productivity.

In Europe, especially in its most troubled economies -- Ireland, Spain, Portugal or Greece -- things are not much better with unemployment rates stubbornly high at 15 to 25 percent. For those lucky enough to still have jobs, the chief complaint is that they are too crazy busy.

Another study, at Florida State University, figured that super-performers like elite actors, competitive athletes, or musicians tend to work best in 90-minute intervals. rarely more than three of them a day, with regular breaks.

In other words, the non-stop 12-hour workday is not an option.

You have to ask yourself: Do you want your tombstone to read, "Fastest runner on life's treadmill"?

What do you see? What is the right amount of time for you? Can you share best practices for doing more with less? I look forward to reading you on my blog: http://thomaszweifel.blogspot.com/.
 
P.S. To learn how to create islands in the sea of time, check out The Rabbi and the CEO: The Ten Commandments for 21st Century Leaders (also available in German and Polish); or visit Manres (manres.com) for tools on doing more by doing less.

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