Financial News
Kim Baker Reveals Why Companies Should Reduce Meetings Now
ST. LOUIS - Feb. 8, 2023 - PRLog -- Kim Baker, a highly respected corporate team builder/designer, speaker, and owner of Vivid Performance Group, says many corporations waste valuable time and hinder productivity by holding too many meetings.
"Businesses can get confused as they look for ways to build team trust and productivity by melding hybrid with in-office workers. Many hold meetings thinking they are driving accountability and fostering stronger team relationships when, in effect, they are having the opposite impact," Baker said.
Baker said MIT Sloan Management Review recently surveyed many managers and even before the pandemic, 71% thought meetings were costly and unproductive. The study, published in 2022, indicated today's knowledge workers typically spend more than 85% of their time in meetings which studies show negatively affects people's psychological, physical and mental well-being.
"Leadership should adopt a zero-based budgeting approach to meetings, meaning every meeting should be justified to be of high-value use of an employee's time and talent, and directed toward high-value outcomes."
Baker said executives should make a list of every recurring meeting, then consider it eliminated. They should add it back only if they can justify that it has a defined purpose that serves an overarching strategy, or initiative or is to actually perform work.
"The only people who should be invited are the ones who have skin in the game to get the work done. Inviting folks who contribute nothing, take away nothing, and will do nothing, is a time suck and promotes social loafing among the entire group."
Each meeting should also include non-negotiables such as a meeting norm that "we start on time and end on time", a defined agenda, and a statement of desired meeting outcomes. Also, a statement at the beginning of what will be needed from participants is needed focusing on input/advice, ideation, decision making, commitment/s, and other options. If multiple topics/goals exist there might be multiple asks of the participant.
"Must-haves include a timekeeper and scribe to record key discussion points and action items with assigned responsible parties. Then use a recap format in which each person states their assignment and time frame for delivery," she said. "This is a critical step to ensure shared understanding and timelines."
Some companies are truly getting the advantages of meetingless workdays. The Sloan article indicated they surveyed 76 companies with more than 1,000 employees. Nearly half reduced meetings by 40%. Some eliminated meetings entirely.
Sloan, in their interviews with those company leaders and HR executives, found autonomy, communication, engagement, and satisfaction all improved resulting in a decrease in micromanagement and stress, and an increase in productivity.
"For companies looking to boost productivity the proof is clear, schedule fewer wasteful meetings. It will result in less negativity in the workplace, happier team members and a positive impact on the bottom line."
Kim Baker is a team builder/designer, corporate consultant, and speaker. She and Vivid Performance Group help you build happy, trusting, get-it-done employees and teams. https://vividperformancegroup.com.
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