Will you get concerned if someone is stealing from your office safe on a daily basis? Of course. But not before you notice the shortage.
However, if the money drain has been there for a while, you are likely to continue ignoring it.
As time is money, meetings are one of those drains. Research shows that at least 15% of an organization’s collective time is spent in meetings. This percentage is over 50% for executives, and only 17% of them reported that their meetings are generally productive.
Imagine someone handing you a few $100 bills, daily, saying “You’ve left this money on the conference table!” You can easily be the lucky one if you follow a few simple rules.
For an average 100-ppl hi-tech business, the cost of meetings is close to $1M annually. The good news is that you can make your meetings 25% more efficient – saving you about 1000$ daily.
Actually, meetings are only the tip of the iceberg. There are several areas where practically any business can improve – and save. Here are the stats from Gallup’s State of the Global Workplace report:
Contact me if you do not want to leave any money on the table.