Working hours: Expensive and inefficient? This is how much your last meeting cost
Corporate Germany sits and talks. But many meetings produce little output. The Handelsblatt calculator helps you to better estimate the costs of meetings - and to run them more efficiently.
A study by meeting software firm Doodle estimates that 64 billion euros are wasted in Germany each year due to inefficient meetings, which has risen to around 80 billion euros after inflation adjustments. Research by Microsoft found that the number of meeting participants has a significant impact on perceived inclusivity and efficiency, with smaller meetings tend to be more efficient.
Companies such as Amazon and Bayer have implemented rules to limit meeting sizes, with Amazon's Jeff Bezos capping meetings at eight people, the number that can be fed with two pizzas. Bayer's Nisha Mahendrarajan suggests that attendees should only stay in meetings if they can contribute or learn something, and that leaving early is acceptable.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
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