Meetings in the Digital Age: The Number, Cost, & Effectiveness of Meetings in the US
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Transcript of Meetings in the Digital Age: The Number, Cost, & Effectiveness of Meetings in the US
Meetings in the Digital Age
The Number, Cost, & Effectiveness of Meetings in the US
The Number
55 million meetings per day
197411 million
199625 million
2014 55 million
Short & TightMost meetings last 1 hour or less involve 5 or fewer people.
8
12
meetings per weekaverage for workers
meetings per weekaverage for managers
The Effectiveness of Meetings
Most People Think Meetings Work (with ample room for improvement)
11% Poor (or worse)
18% Somewhat effective Somewhat ineffective
38% GoodProductive
31% Excellent!Very effective!
The average rating of meetings as effective or productive as reported in studies from 1998 to 2015.
The $$$$$$$ of Meetings
$1.4 Trillion Spent Per Yearwith up to $213 Billion wasted
That’s 8.2% of the 2014 US GDP spent in meetings
with just over 1% GDP spent in wasted meetings.
Based on a review of sources from 1974 through 2015. Full documentation for all data at: http://blog.lucidmeetings.com/blog/fresh-look-number-effectiveness-cost-meetings-in-us
