Current:Home > MyShopify's new tool shows employees the cost of unnecessary meetings-DB Wealth Institute B2 Expert Reviews
Shopify's new tool shows employees the cost of unnecessary meetings
View Date:2024-12-23 22:28:39
Shopify has unveiled a new tool for its more than 11,000 employees that assigns a cost to scheduled meetings in an effort to reduce unnecessary gatherings.
The Shopify Meeting Cost Calculator is a Chrome extension that shows the estimated cost of any meeting with three or more attendees once it's set up in Google Calander.
"The average size of a meeting at Shopify includes 3 people and the average length of a meeting is about 30 minutes," Shopify said in a statement. "A typical meeting of this size and length would cost between $700-$1600."
That cost would increase if more people are added or if one of the attendees is a high-level executive.
The company said it had canceled recurring meetings and eliminated Wednesday meetings back in January. But recently, "we have seen meeting creep seep back in and we needed to take immediate action," Shopify said.
Shopify chief operating officer Kaz Netajian gave "CBS Sunday Morning" correspondent Mo Rocca a demonstration of the tool back in April.
"People ask questions: what is this meeting for? Why are this many people in it? And those questions will put an immense amount of pressure on organizers to organize fewer meetings — and leave the rest of us alone," he said.
Unnecessary meetings can be costly, with one report last year finding that large companies waste up to $100 million a year on them. That report, produced for Otter.ai by UNC Charlotte professor Steven G. Rogelberg, a UNC Charlotte professor, found that employees felt that a company with 100 employees could save $2.5 million per year by eliminating unnecessary meetings.
Microsoft estimates the number of meetings has increased by 153% since the beginning of the COVID-19 pandemic.
"People who build things, people who create things, require focus," Netajian said in April. "So, if you're thinking about a problem and you're constantly interrupted, nothing good comes out of it."
Rogelberg noted that not all meetings are unnecessary.
"While we definitely could do with a little fewer meetings in our schedules, for sure, the bigger problem is ineffective meetings," he told Rocca. "If we do our meetings better, there [are] lots of positive outcomes that come from it."
veryGood! (2988)
Related
- Kentucky officer reprimanded for firing non-lethal rounds in 2020 protests under investigation again
- Kate Spade Outlet Sparkles with Up to 73% off (Plus an Extra 15%) – $57 Bags, $33 Wristlets & More
- ‘Alien: Romulus’ bites off $41.5 million to top box office charts
- John Aprea, The Godfather Part II Star, Dead at 83
- Prominent conservative lawyer Ted Olson, who argued Bush recount and same-sex marriage cases, dies
- Deion Sanders asked for investigation of son's bankruptcy case: Here's what we found
- Benefit Cosmetics Just Dropped Its 2024 Holiday Beauty Advent Calendar, Filled with Bestselling Favorites
- Simone Biles cheers husband Jonathan Owens at Bears' game. Fans point out fashion faux pas
- Social media star squirrel euthanized after being taken from home tests negative for rabies
- Save Big at Banana Republic Factory With $12 Tanks, $25 Shorts & $35 Dresses, Plus up to 60% off Sitewide
Ranking
- Voters in Oakland oust Mayor Sheng Thao just 2 years into her term
- New York's beloved bodega cats bring sense of calm to fast-paced city
- Spanx Founder Sara Blakely Launches New Product Sneex That Has the Whole Internet Confused
- Greenidge Sues New York State Environmental Regulators, Seeking to Continue Operating Its Dresden Power Plant
- Taylor Swift touches down in Kansas City as Chiefs take on Denver Broncos
- Can AI truly replicate the screams of a man on fire? Video game performers want their work protected
- Thousands of activists expected in Chicago for Democratic convention to call for Gaza ceasefire
- Taylor Swift's best friend since childhood gives birth to sweet baby boy
Recommendation
-
California teen pleads guilty in Florida to making hundreds of ‘swatting’ calls across the US
-
Sofia Isella opens for Taylor Swift, says she's 'everything you would hope she'd be'
-
After 100 rounds, what has LIV Golf really accomplished? Chaos and cash
-
‘Shoot me up with a big one': A timeline of the last days of Matthew Perry
-
Taking stock of bonds: Does the 60/40 rule still have a role in retirement savings?
-
Dry desert heat breaks records as it blasts much of the US Southwest, forecasters say
-
Extreme heat at Colorado airshow sickens about 100 people with 10 hospitalized, officials say
-
Inside the Love Lives of Emily in Paris Stars