I’ve always argued that organizations spend way too much time in meetings, and much of that time is wasted.
What I hadn’t considered is how much time is consumed in preparation for one meeting. That is until I read, This Weekly Meeting Took Up 300,000 Hours a Year.
I suppose I should be happy. Usually I think one of the main problems with meetings is the lack of preparation.
What the story doesn’t calculate is the cost associated with those 300,000 hours. $75/hour is a conservative estimate. That works out to $22.5 million a year.
Now, someone ought to circle back to those executives and ask them, “What did you get for your $22.5 million?”
I hope it was worth it.