…They Cost More Than They’re Really Worth!

And the cost of that decision is????

I thought of this calculation the other day as I sat on a zoom meeting.  I had a flashback to my time in Saudi Arabia where that was posed to me by a senior executive who did not want to be in the room.

“We just spent over $5,000 for a half-hour meeting,” one of the senior executives said. The meeting was to decide the scheduled lunch hour, and this was the second meeting.

As I heard this, I could almost see an old-fashioned time clock at the conference room door that punched time in and time out. Taking that a step further, we could envision, at the end of the “month,” the exact cost for each one of these important meetings. It would be a sobering report if all of our meeting hours were calculated as such.

How much is it costing?

What if every meeting objective could be measured by the cost of the process? That number would be sobering, to say the least.

Meetings are the bane of corporate existence. Whether it is a conference call or a physical meeting, these are part of our process of doing business, and for the most part, they are not going away.

If it is a zoom or conference call, it is palatable (at least) because we can mute our lives away, continue our work, or scan the Internet. Yes, we have been there and done that.

We have all read articles about some creative ways to cut meetings short, like a stand-up meeting, or no PowerPoint slides, etc. However, the clock is still running.

Let’s face it — most meetings are a drain and a waste of time. How many times have we sat there and realized that the meeting had turned into something else, and the discussion is like talking to an aged uncle where it starts in one direction and ends someplace else.

Drifting away

Sometimes during a meeting, I watch people’s faces, and you can tell from their expressions that they are not mentally in the room. If a collection of those thoughts could be published, you would undoubtedly have a best seller on your hands.

Pre-Covid I was always known for pulling up a chair in the work area and having an impromptu “discussion” on an issue.

Is your concept clear?

So, this isn’t about three, or five, or ten ways to meetings nirvana. This is my simple suggestion that we need to avoid having a meeting at all costs.

I seem to have figured out that when a meeting is called, there is trouble ahead if the concept is not clear. So, if I can make the concept clear by conversation, email, or better yet, a face-to-face discussion, I’m ahead of the curve.

Our days are precious, and we all know that when we arrive at work or log in, we have our list of things to accomplish that day. I look at any intrusion on that as limiting my mission for completing all I need to complete that day. I try to live by my To-Do list and even use an app [Evernote] that allows me to make notes throughout the day and even on the way home.

There is no size fit all to the meeting problem. Any good solution has a lot of factors that have to be considered; the kind of work we do, the culture, and the work environment. When New York Mayor Michael Bloomberg took office, it made the news that he arranged people as opposed to offices to keep the conversations alive and ongoing.

Some things are out of our control

It is not like a late-night TV commercial, where everything can be solved or a solution reached. This is one that we will have to figure out on our own.

Unlike other factors of corporate life, the dynamics of a meeting are sometimes out of our control. But if we manage ourselves properly in running our area, we are going a long way to help set the tone for our people. Let them learn from the way that you conduct yourselves.

What has always amazed me was how initially, companies would lock down the Internet or block social sites because they considered them time wasters. However, pull out the time clock and measure the amount of money that is sitting around the conference room during an overlong meeting, and the true time waster will pop up.

I worked for a company that banned access to outside mail (Gmail, Yahoo, etc.). You were only allowed to use it from 12-1:30 pm, and then again from 4-5 pm each day. I found this laughable and a good example of how sometimes in organizations, we can get side-tracked.

An outside email was perceived as a time-waster, but the three-hour meeting was not. I also thought of this organization worrying about email being a time-waster, they may have a point because those resumes for your workers looking for new jobs are now scheduled to be emailed out.

Find the real time wasters

So, if you must have a meeting, please do the following:

Remember: you do not want a consensus at the end of your meeting that everyone agrees that your meeting was a complete waste of time.

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