Meeting is one of the most popular team management tools among leaders around the world. An effective meeting allows you to synchronize the team and discuss solutions to specific problems and blockers. An ineffective meeting burns the organization's money and demotivates employees.
By the word "meeting" we mean:
- scheduled regular meeting;
- scheduled irregular meeting;
- sudden meeting or a call.
How much do meetings cost?Bain & Company says that organizations spend up to 15% of their working time on meetings. At the same time, from 37% to 50% of meetings are useless and do not bring any value.
Martin Luenendonk
claims that average middle-level manager spends up to 35% of his working time at meetings, and a top manager spends up to 50%.
According to Atlassian's
data, the average employee spends 31 hours a month on completely unproductive meetings. Taking the rate of $50/hour, we get that in this case the cost of useless meetings per team member is $1,550 per month or $18,600 per year. With a team size of 10 people - $15,500 per month or $186,000 per year. Impressive, isn't it?
At the same time Atlassian
adds:- 91% of respondents answered that they dreamed at meetings, thought about something of their own, but not about the meeting;
- 39% of respondents said they slept during meetings;
- 45% of respondents at meetings felt depressed because of the "endless number of meetings";
- 73% of respondents at meetings were engaged in other tasks;
- 47% of respondents complained that meetings are the timekiller №1.