Approximately 11 million business meetings are held every day, and over 30% of those meetings start late. Meeting lateness can cause important losses for a company, and the impact is more critical when it’s caused by high-level executives. Let’s break down the main causes of tardiness, and review its impact on the bottom line. Then we will explore solutions to keep things running on time.
The Effect of Tardiness on Business Bottom Lines
Being late is not just a matter of punctuality; a meeting that starts late can cost a company about 8% of the productivity of that meeting. Late and delayed meetings ultimately affect the company’s profits.
SmartSpace Software Plc (LON:SMRT) is focused on technologies that make real estate more efficient and organisations more effective. They provide leading smart workplace software and technology to the commercial workplace, retail and hospitality real estate sectors.