Meetings are probably one of the most expensive overhead costs within your organization, and many are considered ineffective. However, many organizations believe collaboration is synonymous with holding meetings, which are meant to be discussions with clear results and objectives.
Here’s a look into the current state of meetings in the United States:
• On average, employees spend 1/3 of the their time in meetings.
• Most employees attend 62 meetings per month.
• On average, employees are spending 31 hours in unproductive meetings each month.
• The average meeting lasts 1 hour and 30 minutes.
• The average salary cost of a meeting is $338.
• Each day, there is an average of 11,000,000 meetings held in the U.S.
• The average percentage of meeting time considered unproductive by meeting participants is 33.4%.
• 63% of meetings are “conducted without a pre-planned agenda”.
Whether you’re an employer or an employee, those numbers might be a bit scary to read.
The bottom line is that meetings are a fact of life, so why is no one doing anything to fix them? Meetings are an investment of time and money, and they should be prioritized accordingly for employers and employees alike.
To learn more about the state of meetings, take a look at our newest infographic, “What Meetings Are Really Costing You“, below. What are meetings truly costing your organization?