Does Your Company Suffer from "Meeting-itis"? - CentralAmericaData :: The Regional Business Portal

Does Your Company Suffer from "Meeting-itis"?

When companies become addicted to meetings, it indicates poor management of working hours and decreases employee productivity by at least 30%.

Friday, February 19, 2016

If companies estimated the losses caused by a dozen employees, mostly senior ones, meeting four times a week they would think twice before giving in to "Meetingitis", the cultural tendency to schedule a meeting for every issue. The Mexican consultancy Expandiendo has estimated annual losses for a large business with these habits to be $42,000.

Expansion.com.mx reports that "... board meetings on average take about two to three hours. If you look at it per day, that is almost 60 hours lost every month. It is rare that even 50% of the time in a meeting is well used, concluded a study entitled 'The cost of inefficient meetings' by the consultancy firm Wolf Management Consultants ".

"... 90% of the time, the intention of the board is just to use the space to denote status, or highlight errors in their team, concludes the report by Wolf Management. This is known as 'Caesar Syndrome' (referring to the emperors): the head is at the meeting place to exert power and establish him or herself as the owner of something. "

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