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The Hidden Costs of Multitasking in Small Companies

Name: The Hidden Costs of Multitasking in Small Companies
Uploaded: 2024-12-01T16:47:40+00:00
Duration: 56 s
Channel: Henning Schwinum
Description: Henning Schwinum explains why small companies lose money when one person juggles multiple roles. Multitasking kills productivity, knowledge doesn't…

1 Dec 2024 · 1 min

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Henning Schwinum explains why small companies lose money when one person juggles multiple roles. Multitasking kills productivity, knowledge doesn't transfer without casual office time, and fractional executives charge 3 to 4 times their salary equivalent because of hidden overhead costs.

Questions this video answers

About 2× (a 2x increase or more).

3× or 4×.

Chapters

As a full time employee. Especially in smaller companies, people wear a lot of different hats and they're asked to do a lot of different things, many of which they're not really good at. So that multitasking is a huge productivity loss. And then there's the water cooler, because you come in fresh, you have no baggage, you have no history in the company, so you don't engage in that as much. There finally is the cost of recruiting, the time it takes, and the expense for an employer. At the end of this, it's a 2x increase or more than 2x increase from the straight take home pay to a comparable fractional rate. Many fractional executives do this math and then they use 3x or 4x as their factor.