If you work in a cubicle it’s unlikely you can complete a day of work without a meeting. They’re impossible to avoid. Even worse, meetings are rarely needed. What is solved in a 60 minute meeting could have been resolved with a 2 minute phone call or 30 second email. What is solved with a weekly recurring 1 hour status meeting with 10 team members could be resolved by sending your manager one email of updates per week. But that isn’t how Corporate America works. Corporate America likes to bleed money, and the amount of money being wasted in meaningless meetings may shock you.
Here’s a task for employees at work today: Go into your Microsoft Outlook calendar (or whatever system your company uses) and view the upcoming schedule for execs, VPs, directors, and managers within your company. Chances are, their day is 80-100% full of meetings for at least the next month. If you aren’t in management, the chances are still high that at least 50% of your day is full of meetings.
Here’s an example of what you mind find in a typical large corporate department:
– All employees “work” 40 hours per week, 47 weeks per year for a total of 1880 hours
– 1 exec making an average of 300k who spends 90% of their day in meetings.
– 3 VPs making an average of 200k who spend 90% of their day in meetings.
– 10 Directors making an average of 150k who spend 80% of their day in meetings.
– 30 managers making an average of 100k who spend 65% of their day in meetings.
– 150 employees making an average of 60k who spend 40% of their day in meetings.
According to Peter Economy, 50% of business meetings are a complete waste of time. Based on this information, the total waste is quite high for this particular fictional department of 194 employees. The unnecessary time wasted in meetings adds up to $3.78 million in wasted employee time. In other words, a fictional department like this is wasting $2,000 hour in unnecessary meetings.
What’s the solution?
The solution all ties back to the Dudley B. Dawson Work Reform Act of 2010. The primary objective of the reform package is to reduce the work week to 28 hours but pay employees 80% of their salary. Based on the above information, if you spend 50-60% of your day in meetings (4-5 hours), you’re already wasting at least 12 hours a week in unnecessary meetings. Removing these unnecessary meetings and replacing them with you on your couch with only a 20% cut in pay saves money for your company, increases productivity, and increases your chances of viewing Price is Right.
For your enjoyment, please view the slideshow below of people sleeping during meetings, including a few politicians you might recognize.
Life in The Cubicle by Dudley B. Dawson
Read more Life in the Cubicle: Most Read Stories | Top 25 articles | Entire Catalog
Follow: RSS | Subscribe to Emails | Facebook | Twitter | LinkedIn | ProcrastiNation |