The Cost of Unproductive Meetings

THE COST OF UNPRODUCTIVE MEETINGS $4 We're not going to sugarcoat it. Unclear objectives, lack of team communication and ineffective meetings are among the top time wasters that make employees feel unproductive for as much as a third of their work week. Here's what you need to know about the cost of ineffective meetings. TIME LOST How much time is wasted on running unproductive meetings? IF 1 MEETING = 1 HOUR, then meetings take up approximately 7.5 DAYS / month. MONTH 1 2 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 According to executives, 25 26 27 28 29 30 31 DOVER 50% of their meetings are unproductive or unecessary. Some reasons behind this are: 45% of executives felt overwhelmed by having to attend so many meetings. 63% of regular meetings do not have an agenda prepared. 3/4 employees are not trained on how to conduct and facilitate meetings. 73% of attendees multi-task 73% during meetings. This equates to X 12 MONTHS of pure work days spent in ineffective meetings each year. THE BOTTOM LINE How much money is wasted on running unproductive meetings? There are more than 2.75 MILLION meetings per year in Canada. 1 upper management meeting = CAD $1,317. More than O $1.81 BILLION/ year is wasted on unproductive meetings. A company with 40 Mid to Senior Level managers can lose up to D $818,000 / year. WHAT'S THE SOLUTION? It Starts with You! Learn the Science. Develop the Rigor. Achieve Results. Call Facilitation First 1-888-465-9494 or visit www.facilitationfirst.com. References https://e-meetings.verizonbusiness.com/global/en/meetingsinamerica/uswhitepaper.php http://www.effectivemeetings.com/meetingbasics/meetstate.asp http://www.shirleyfinelee.com/MgmtStats#Meetings http://www.bradleybowersett.com/#!demo-reel Infographic brought to you by FACILITATION FIR S T