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New study: Wasted time in meetings costs the UK economy £26 billion

Europe Business Review:

  • “£26 billion: the amount lost from UK economy through time wasted in meetings in 2011
  • 2 hours 39 minutes: the number of hours workers feel are wasted in meetings during an average week
  • 49 minutes: the number of wasted minutes in meetings not made up for later
  • 10 hours or over: the amount of time one in five senior managers and directors say they spend in meetings per week
  • 11 minutes: the average amount of time it takes for people’s attention to drift in a meeting
  • Time wasted by office workers during meetings cost the UK economy approximately £26 billion in 2011, according to new research from Epson and the Cebr. Based on a survey of over 1000 UK office workers carried out by Opinion Matters on behalf of Epson, the report found that if these wasted hours had been spent productively this would equate to roughly 13 million more productive hours per week and an annual increase in gross domestic product (GDP) of approximately 1.7 percent.”

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