How much are meetings costing your business?
- James Rule
- Jun 6
- 2 min read
I regularly challenge leaders with this question. I suggest that if every meeting room was equipped with a TV that displayed the cumulative salary cost of the attendees in the room meetings would suddenly run far more efficiently.
Most of us would love to have more head count in our team or a higher budget to work with. The reality is that is far harder to secure than it is to access and redeploy the resource we are wasting in our meetings.
This is a fundamental question you and every member of your team should ask regularly. When we highlight meetings where we do not derive or add real value we need to have the courage to discuss our attendance with the meeting Chair.
When I question why screens are off it invariably stirs up some strong opinions and justifications. However I believe that people turn off their camera because they do not feel they are deriving value from the meeting and wish to focus on something else instead.
I maintain that if the CEO or owner of your organisation wanted a virtual meeting with you, you would not attend with your camera turned off.
In my experience, most meetings run on longer than they need to. When considered in terms of the above point about attendee salary cost, this is an unnecessary waste of resource.
Beyond the financial cost, it also erodes the energy and engagement level of your team. In reality, you never get the best out of people who feel resentful for the fact that they are wasting their time in a meeting that could and should have already finished.
This article gives you a brief glimpse of some of the core issues I address on The Lonely Leader Podcast.
If you want to understand how you can access resource hiding in plain sight by addressing the poor meeting disciplines I encounter most frequently then please listen in via the below links:
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