By Lena Requist – Guest Writer, Entrepreneur.com
Entrepreneur |Speaker | Educator
Your employees attend 62 meetings each month, and they consider half of those wasted time. Even so, you may think they’re building camaraderie, brainstorming solutions under the surface or cutting out inefficiencies through direct communication.
What they’re actually doing is wasting $37 billion per year.
It’s common for companies to have standing meetings for status updates and team bonding, and it’s even more common for people to put off inconvenient discussions by suggesting, “Let’s schedule a meeting to talk about it next week” or “Why don’t we call a meeting to figure out next steps?” While their intentions are noble, their results wreak silent havoc.
That 37 billion dollars that are lost each year to U.S. businesses could be spent on furthering their visions. Instead, that money is sunk in meetings that drain team members’ energy, lower morale, lead to bad ideas, and waste time — all of which hurts a business. And the pain is more severe when you consider that 50 percent of high-level managers’ time is spent in meetings. That means that your most valuable — and expensive — team members are wasting the most time.
Read the entire article HERE!