This figure represents the amount of money being paid for hours when work is not being handled productively. Or if you are self-employed, hours that revenue-generating opportunities are lost due to less than optimal time management and/or people skills.
It's important to note that the effect on wellness (stress-related health issues, absenteeism, etc.) is not calculated here, but of course, can be significant.
If you haven't yet done so, take the Time Management & Work Relationships Quiz to determine where you might make improvements to shrink this, perhaps sobering, number.
* Calculations are based on an 8-hr day working 258 days annually.