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.
Meetings in Germany waste around 80 billion euros annually, according to calculations by Handelsblatt, citing a 2019 report by meeting software firm Doodle. Research by Microsoft found that the number of participants is a key factor in meeting 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 specifying that meetings should not exceed eight people.
Bayer's Nisha Mahendrarajan suggests that attendees should leave meetings early if they have nothing to contribute or gain. Handelsblatt has created a meeting calculator to help estimate meeting costs and inefficiencies.
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.
