In a 55-hour work week, chief executives tend to spend 18 hours locked up in meetings.
That’s according to research by scholars from the London School of Economic and Harvard Business School, who also noted that CEOs spend more than three hours on phone calls. They also spend five hours on business e-mails.
In order to track these figures, CEOs’ personal assistants tallied up their superiors’ activities – but only activities which lasted more than 15 minutes – during a single week. Shockingly, working alone only averaged six hours a week for CEOs.
Rory Cowan, CEO of Lionridge Technologies Inc., backed up these findings. He told Wall Street Journal he is constantly communicating with others, stating: “I don’t know when I’m not in a meeting”.
Naturally, if CEOs are constantly communicating with others, then exceptional conference space will need to be made available in order to make the chief executive as comfortable as possible in their meetings.
Business Insider suggested that internal meetings greatly helped a firm’s productivity, perhaps explaining why so much of a CEO’s time is taken up with them.
It revealed: “[In a] sample of 94 Italian CEOs, the researchers found that the way an executive budgets his or her time strongly correlated with a firm’s profitability and productivity, measured as revenue per employee. The key to a company’s performance was with whom CEOs met. Meeting with external figures didn’t help a firm’s productivity. Better performance came from more internal meetings.”