If time is money, workplace meetings could sure rack up a huge bill. Meetings and events often take up a larger chunk of an organization’s budget than most might suspect, so it’s important to optimize space, goals and roles to ensure the company is seeing the best return on investment.
Prioritize themes and goals
Be sure to establish the goal of the meeting as a parameter for all necessary discussions and action items to fit within. If there are no takeaways or plans for change, the meeting could be considered a waste of time. Avoid time-wasters by considering the who, the why and the what’s next? And plan for follow-ups as necessary.
Invite only those who are necessary to the meeting
Video conferences might charge per person, so the cost for including non-essential employees is clear. But even when dealing with in-person meetings and events, inviting those who aren’t critical to the meeting or event is an unnecessary use of their time. Over time, this could add up to the illusion of poor work performance.
Don’t pay for things you don’t need
For long distance meetings, opt for technology over travel. With Skype and video conferencing, traveling from the Denver office to the New York office can be saved for bigger events worth the time and expenditure.
If booking hotel conferences, be sure to negotiate for free wi-fi. Seek contracted group rates for guest rooms and ensure cancellation fees are avoidable. Choose the dates and times wisely whenever possible so you can take advantage of off-season rates.
Meetings may be important for info shares, team building, brainstorming and the like, but be sure you’re not overstepping any boundaries where money and time can be saved. Proper meeting management can make or break your bottom line.
Do you want to motivate and lead your staff more effectively? My executive coaching services can help you hone your leadership skills and clearly define your goals and objectives.