A meeting has value only when a decision is made or information is conveyed through the meeting. However, most meetings don’t accomplish either of these purposes. So, while Companies continue to hold twice as many meetings as are necessary, most of them are Meetings That Suck! One reason for this Meetings That Suck Syndrome is that we don’t realize what a sucky meeting really costs. However, by calculating a meeting’s true costs, we can see that Meetings That Suck cost more in lost productivity than any ROI they can possibly generate and, hopefully, we will stop the Madness of Meetings That Suck.
To calculate the direct cost of a meeting, multiply the number of
attendees by the attendees’ hourly wages, then multiply that number by
the number of hours the meeting lasts. Do this for a 12 month period
for all the company’s Meetings That Suck and you may have The Big One.
To read the full, original article click on this link: The Real Cost of Holding a Meeting that Sucks! | Fast Company
Author: Paul Glover
