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Home » Useless meetings! Company drowns 800 crores every year due to this act of employees
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Useless meetings! Company drowns 800 crores every year due to this act of employees

Nisha ChawlaBy Nisha ChawlaSeptember 27, 2022Updated:September 27, 2022No Comments3 Mins Read
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Professor Steven Roselberg at the University of North Carolina has told about the damage caused by meetings through a survey.

Millions of rupees would have been lost due to meetings

Image Credit source: Pexels

Non-essential happening in big companies Meetings Due to this, there is a loss of $100 million (about Rs 800 crore) every year. job market This surprising information has come out in a survey. This survey shows that employees do not even need to be in a third of the meetings in the company. Steven Roselberg, a professor of organizational science, psychology and management at the University of North Carolina, conducted the survey over the summer. It has been told in the survey that most employees do not even need to be in meetings.

According to a Bloomberg report, Professor Steven Roselberg interviewed 632 employees of his Survey 20 Industries and asked them about their weekly calendars. In addition, employees were asked how much time they spend in meetings, what they gain from it, and how they respond to being called. The survey found that employees spend 18 hours a week in meetings. Invitations to 14 per cent of the meetings are declined by the employees and they return to their work only after leaving 31 per cent of the meetings in between.

Why do people say yes to the meeting?

Unnecessary meetings cost up to $25,000 per employee annually. If there are more than 5000 employees working in a company, it means that $101 million is being wasted annually. Professor Roselberg said, ‘Meetings keep things under control somewhere and bad meetings bear more brunt. You get an invitation and you don’t even want to be there, but you go there anyway. Why so?’

Many people believe that they say ‘yes’ to meetings simply because it is the company’s rule. The employees don’t even want to annoy the meeting organizer. At the same time, he also does not want anyone to think that he does not stay connected with fellow employees.

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Call meetings wisely

It has also come out in the survey that due to poorly managed meetings, employee participation has a bad effect. Some employees even make up their mind to leave the job due to bad meetings. Professor Roselberg said that the manager should call the meetings very carefully. Also, employees should be given the freedom to say no. The professor also told that according to the hourly salary of the employees, it can be estimated that how much loss is caused to the company due to the meeting every week.

: Language Inputs

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Nisha Chawla
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She is an expert in Banking, Finance and working with an international bank. She sharing her ideas and knowledge with Business Khabar.

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