Insurance Agent Blog

Calculate the Cost of Agency Meetings
/ Categories: Agency Management

Calculate the Cost of Agency Meetings

How much of your time is wasted on unproductive tasks each week? OK, worse still, how much time does your agency cumulatively waste? Just the cost of agency meetings alone can add up, but that's not all. An interesting article in The Atlantic looks at the Wasted Workday and what tasks consume our time, noting that only about 45% of the average employee's time is spent on core job responsibilities.

"So what about the other 55 percent of the time? Their respondents reported spending 14 percent of their workweek on email (which is believable, as 91 percent reported that they use email to communicate with their team). The other 40 percent of their working hours were spent on meetings, administrative tasks, and "interruptions." So the most frustrating workdays are when all of the above prevent a worker from doing their jobs—and nothing gets done."

Calculate the cost of agency meetings

Harvard Business Review offers this handy meeting calculator - it helps you to tally the cost of a meeting. You can use it online or download it as a phone app. It also lets you see how much you can save by shortening the meeting time or reducing the number of attendees.

Meetings prove to be one of the biggest and mostly costly time wasters. That's not to say meetings aren't important - sometimes they are vital, and the best way to share ideas with a group. But a secret that everyone knows is that much of meeting time is dead time - some efficiency experts say that up to half of all meeting time is wasted. This infographic on The Ugly Truth about Meetings via Fuze.com offers more on meetings and some great tips on how to make your meetings more productive.

And we have another suggestion: Try stand-up or walking meetings - both offer the benefit of getting you up and moving!

Infographic via Fuze

 

Infographic via Fuze

Previous Article Work Comp Scam
Next Article VALENTINE’S DAY, DONOR DAY, AFRICAN AMERICAN HISTORY AND MORE FEBRUARY EVENTS FOR YOUR AGENCY’S SOCIAL MEDIA
Subscribe to Renaissance Alliance Subscribe

Become-a-Member-image

Contact Us


Renaissance Alliance
981 Worcester Street, Wellesley, MA 02482
Toll-free: 800-514-2667
Fax: 781-431-0222

Click here to get directions

SITE MAP

FIND AN AGENT

Search our site:

© 2019 Renaissance Group/Renaissance Alliance