Apr 18 2024
4 Essential Keys to Stop Wasting Time and Money in Meetings: How to Engage, Empower, Excel (and stop wasting valuable time and money)
According to research by Business Insider, $37 billion is wasted annually in the U.S. due to ineffective meetings. 30 Statistics about meetings you will find very interesting: The average employee attends 62 meetings a monthMeetings take up 15% of an organization's collective timeExecutives spend an average of 23 hours a week in meetings71% of senior managers believe meetings are unproductive and inefficientOnly 50% of employees feel their ideas are heard during meetingsOver 60% of employees multitask during virtual meetingsAn estimated 50% of meeting time is spent on irrelevant topicsFemale employees are interrupted more often than male employees during meetingsEmployees who sit closer to the meeting leader speak more often than those who sit further awayThe average cost per hour for a meeting room is $$50-$$100The average cost per attendee for a meeting is between $$500-$$1,000 per dayCompanies with fewer than 50 employees waste an average of $18,000 per year on unproductive meetingsOrganizations with over 100 employees waste an average of $420,000 per year on unproductive meetingsOnly 37% of organizations track the productivity and effectiveness of their meetingsMeetings scheduled in the afternoon tend to be less productive than those scheduled in the morningMore than half of all attendees say they need to attend fewer or shorter meetings to get work doneEmployees spend an average of four hours preparing for status update meetings each weekOnly one-third of all surveyed workers said their companies had rules about tech use during face-to-face company gatherings.Nearly half (47%) of workers said they’ve attended a meeting that was so long it made them fall asleep.About two-thirds (67%) admitted to doing other work while attending a video conference.Approximately three-quarters (74%) said they’ve been distracted by someone else’s screen during a video conference.Online collaboration tools can increase team productivity by up to 30%.The majority (86%) believed that technology has improved communication within teams, including remote colleagues.A survey showed that nearly half (49%) felt they would be more productive if they didn’t have to attend as many company-wide gatherings.Most respondents (56%) think it’s harder to stay engaged when attending online events compared to in-person ones.A study found that people who frequently attend lengthy business gatherings were more likely to suffer from depression and anxiety symptoms.One survey found that only around one-quarter (28%) thought most business gatherings were productive.Studies have shown that asking everyone at a gathering if they agree with something before taking action can lead to better decision-making outcomes.An analysis showed that workplaces using video conferencing can save up to $11 million annually on travel costs alone.A study found that having too many people involved in decision-making at once can slow down the process and reduce efficacy by nearly one-third. Imagine, however, if meetings could live up to their potential as a place for problem-solving, decision-making, generating insight, and strengthening relationships. Meetings could be the solution rather than the meme-worthy problem. Meetings are not a spectator sport. That's what we talk about in this podcast where we give you 5 powerful tips to make your meetings much more S.M.A.R.T and way less D.U.M.B. Want help with your meetings and your people - go to our website www.pdc-growth.com Do something new and different today.. NOW Apply for a Free 1-on-1 'Lead Your Best Life Breakthrough Session' and Begin Your Journey to Success. Visit www.leighfarnell.com for More Details and Book Your Exploratory Meeting Now! Want to find out more or discuss the content of this podcast with me? How to apply the content of this podcast to you, your business, your career and your life? Apply for a free 1 on 1 “Lead Your Best Life Breakthrough Session” with me and we’ll discuss your struggles and goals with business, teams, relationships and life. We’ll also create an actionable roadmap to get you to those goals in the quickest, easiest way possible. Find out more at our websites www.leighfarnell.com and www.pdc-growth.com Link here -https://calendly.com/lfbb/exploratory-meeting-15mins #success #empowerment #coaching #podcast #useful #practical #easy #proven #life #business
