Unnecessary meetings are a $100 million mistake at big companies, according to a new survey that shows workers probably don’t need to be in nearly a third of the appointments they attend. Reluctantly going to noncritical meetings wastes about $25,000 per employee annually, and projects out to $101 million a year for any organization with more than 5,000 employees. Otherwise, people tune out: Respondents to Rogelberg’s survey said they end up multitasking during 70% of an unnecessary meeting. To estimate the cost of unnecessary meetings, Rogelberg calculated employees’ hourly pay based on their self-reported salary and hours worked per week, then extrapolated those figures to represent firms of different sizes. Otter.ai Inc., whose software helps companies record and transcribe meetings, funded and partnered on the study.

Source: Mint September 28, 2022 00:25 UTC