Meetings: Wasted Time and Productivity
Meetings consume a substantial chunk of the workday. For example, the National Statistics Council found that 37 percent of employee time is spent in meetings. Yet, almost half (47 percent) believe, of all of their daily activities, meetings are the biggest waste of time. This is more than social media and even email!
When you begin to do the math, it becomes patently obvious that your meetings need to be fully optimized and run at maximum efficiency. Unproductive meetings and inclusion of participants who aren’t needed directly impact bottom-line results. Consider the following for a company of 10 employees who spend 37 percent of their time in meetings. Assuming half of those meetings are a waste of time and an average employee salary of $60,000 annually (a conservative number), you’re squandering $111,000 a year, or over 10 percent of what you’re paying employees!