Here is a startling fact that you may not know – Businesses in U.S. lose approximately $37 billion in salary cost as a result of meetings! This is equivalent of annual revenue of some of the largest companies in the U.S. Imagine the money that companies can save just by avoiding, or at least being effective in, those meetings. Ask any professional about his opinion on the meetings he has to attend as part of his job and more than likely you will hear lots of complaints. According to Atlassian, employees on an average attend 62 meetings per month. Nearly 50% of those meetings are considered waste of time by employees attending those meetings!
So what is wrong with the way in which businesses conduct meetings? Majority of them are organized without a pre-planned agenda and most of them end without having made any decision. The complaints about meeting fall into these categories:
- Inconclusive or no decisions made
- Poor preparation
- Domination by individuals
- No published results