Delegation is a crucial skill and a great time management tool in the workplace. Delegating can help you save resources and capitalize on them. If you want to develop this skill you should write down your tasks and separate the lower value tasks. Then delegate a particular task (of the lower valued ones) to a person who can do at least 60% of the task as well as you. Your focus and productivity, in completing the higher value tasks, will increase dramatically.
Once the task is done, review the work that is done by the person and reward accordingly. It is vital to note it in the yearly performance appraisal, for proper compensation.