

In a business world where time is as precious a resource as money, an enormous amount of it is wasted in meetings.
Senior executives now spend the equivalent of two days a week in meetings, and the average organization spends 15% of its collective time in meetings, according to Michael Mankins and Eric Garton, a pair of management consultants at Bain in their new book, Time Talent Energy: Overcome Organizational Drag & Unleash Your Team’s Productive Power.
They refer to one company, which discovered that a weekly, 90-minute meeting of mid-level managers was costing $15 million annually. Most organizations exercise no oversight when it comes to the scheduling of meetings, despite their high cost in time and productivity.
But some meetings are inevitable—and even if you escape the office, teleconferencing means you can’t escape the meetings themselves. Garton and Mankins offer six guidelines to get the most from them:
Instead of implementing the suggestions piecemeal, which can lead them being forgotten or abandoned, Garton and Mankins recommend making wholesale changes to an organization’s meeting behavior.
One company, Woodside—an Australian utility—assessed all its weekly meetings to make sure they were necessary, reduced their allotted times from 30 to 25 minutes, and established black out days when they were banned. As a result, overall time spent in meetings fell 20%.
Everyone—managers and employees alike—can agree that’s a positive outcome.
This Quartz story originally appeared on qz.com on Feb. 1, 2017.