Home Business NewsBusiness Unproductive meetings are costing the UK economy a staggering £582m a week

Unproductive meetings are costing the UK economy a staggering £582m a week

by LLB Reporter
2nd Sep 16 10:32 am

Why meetings are a waste of time

Over-run meetings cost the UK economy a staggering £582m, with 95% of those questioned admitting that they have meetings that regularly over run, and more than half (53%) agreeing that some meetings they attend could definitely have been conducted more efficiently.

A poll of 1,000 office workers from a range of sectors across the UK were questioned by Altodigital to help office technology specialists

The study has revealed that more than two thirds (68%) of those questioned, regularly hold at least five meetings a week, with a surprising 70% of respondents revealing they often over run by up to half an hour. This was calculated against the average annual wage and multiplied by the current working population to work out its effect on the economy.

The study also revealed that the majority of UK meetings are anything but efficient, with 28% of respondents regularly attending ‘unnecessary’ meetings and almost half (43%) saying that they have been to a meeting and actually not contributed anything at all.

Alistair Millar, Group Marketing Manager at Altodigital said: “Unproductive meetings are an element of business that affects every sector and industry, but is something that can be easily avoided. Using office technology such as video conferencing, conference calls and interactive smartboards, as well as using some of these top productivity tips, could increase the speed and efficiency of meetings, not to mention cut down on extended periods of travel time.

“Although often unproductive, meetings are necessary to build strong relationships and keep up to date with particular projects, and we hope that our research will help people to put productive measures into place and discover how we can help the UK become more efficient and spend time doing the work that will make money – rather than holding meetings about it.”



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