Microsoft (MSFT) recently shared an eye-opening discovery regarding our work habits. The company found 57% of users’ time within Microsoft 365 apps is spent in meetings, emails, and chat.
This paints an interesting picture of the modern workplace, in which communication appears to have taken precedence over actual work.
Transparency and communication are necessary components of an efficient workplace. But if more than half of our working hours are dedicated to those alone, it raises the question of whether productivity is ultimately being boosted or hampered.
Talk Isn’t Cheap
In the post-pandemic workplace, digital communication through channels like Slack (WORK), Zoom (ZM), and Microsoft Teams became an integral part of most workdays, and its prevalence only continues to grow. There were more than twice as many remote meetings per employee in 2022 compared to 2020.
With this workplace shift, the opportunity cost of overcommunication can be high, leading to lower productivity and increased risk of burnout. In fact, 60% of managers surveyed said they’ve noticed the adverse effects, citing diminished innovation and breakthrough ideas.
According to those surveyed in the report, 68% of workers feel they lack adequate uninterrupted focus time, while 64% expressed difficulty in managing their time and energy at work. This strain was shown to affect workers’ capacity for innovation and strategic thinking.
As a remedy to this problem, experts suggest cutting unnecessary meetings or requesting to leave early if you aren’t needed. Many companies are also taking administrative steps to address this trend. Slack instituted “Focus Fridays” in which employees turn off notifications and avoid scheduling internal meetings. Similarly, Shopify (SHOP) added “meeting-free” Wednesdays.
These efforts, if widely implemented, could give workers the space to breathe, think, and work more effectively. The key is not to shun communication, but rather to strike a productive balance.
Looking for more stories like this? Check out On the Money — SoFi’s one-stop-shop for news, trends, and tips!
Please understand that this information provided is general in nature and shouldn’t be construed as a recommendation or solicitation of any products offered by SoFi’s affiliates and subsidiaries. In addition, this information is by no means meant to provide investment or financial advice, nor is it intended to serve as the basis for any investment decision or recommendation to buy or sell any asset. Keep in mind that investing involves risk, and past performance of an asset never guarantees future results or returns. It’s important for investors to consider their specific financial needs, goals, and risk profile before making an investment decision.
The information and analysis provided through hyperlinks to third party websites, while believed to be accurate, cannot be guaranteed by SoFi. These links are provided for informational purposes and should not be viewed as an endorsement. No brands or products mentioned are affiliated with SoFi, nor do they endorse or sponsor this content.
Communication of SoFi Wealth LLC an SEC Registered Investment Advisor
SoFi isn’t recommending and is not affiliated with the brands or companies displayed. Brands displayed neither endorse or sponsor this article. Third party trademarks and service marks referenced are property of their respective owners.