Not long ago, you might remember I had drafted a blog article on the inefficiencies of meetings due to poor leadership and protocol (see ‘Jan’s. Not. Happy‘) – and then lost it because I didn’t invoke the magic spell entitled ‘Save-before-Quit’.
Much the same as everyone loving a committee, meetings are so often ineffective, let alone inefficient. Have you ever stopped to think about the direct financial costs of poorly administered meetings?
Consider the following. Say you were a middle manager who:
- Attended three regular meetings per week, for 48 weeks each year, and
- On average, each meeting started five minutes late and ended 10 minutes late, and
- You earned the Australian average adult salary per year, equalling approximately $35 per hour (assuming a 40 hour week)
Guess what – you’ve just wasted $1200 of your productive time, and nearly a full working week, per year.
Now, if you’re a middle manager in a company of, say, 200 people, you might be one of between six-10 managers. That’s a cost to the business – which may be your own – of between $7200 – $12000 per year, and the loss of 198-330 working hours. And now you’ve got to make up the lost time, in your time, in (unpaid) overtime, getting you home late to the family and eating into your weekends. If you had a wife called Jan, she certainly wouldn’t be happy.
All because of lousy leadership at meetings.
Meetings are ...READ FULL ARTICLE