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Are meetings worth it?

Are meetings worth it?

Are meetings worth it?

There is an interesting post over at Working Smarter regarding meetings and whether they’re of any business benefit or not.

I already know my answer!

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You need to make sure your small business isn't dragging any dead weight to stay competitive. Here's how you can streamline your company.

…a recent survey found that an average employee spends 5.6 hours in meetings each week.  Throw in prep time and wrapup time and that number probably extends to almost 8 hours a week.  And frankly, in my experience, that number is low.  But for the sake of argument let’s use 8 hours as a baseline.  Let’s postulate that an average worker costs a business in salary and overhead approximately $100,000 per year fully loaded.  This means the average person spends approximately 400 hours (50 weeks * 8 hours per week) in meetings.  That cost is approximately $22,500 for the fully loaded worker.  Note that in an average work year (say 2000 hours) almost one fifth is in meetings.  In a medium sized firm of 100 people, over 400,000 hours of time is spent in meetings based on this math.

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400,000 hours – that’s ridiculous!

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Education is one of the essential foundations of society. The sheer scale of development that we have gone through in the last two centuries is almost solely due to education. With the industrial revolution making geographic movement easier, educated individuals could travel throughout the country and use their expertise for...

You can read the full article “Costly Meetings” here.

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About The Author
Katy is always trying to be more productive one day at a time! Whether it's analogue, digital, motivational or psychological who'll try any system that will help her get things done and get organised. As well as running FlippingHeck.com, she also loves making music and reviewing things.
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