Love for social networks costing companies: Study

Has love for social networks at work; has the potential to have negative repercussions on the productivity of companies?

A recent study by British employment website thinks it has.

The study found that UK workers are spending increased time whilst at work on social media networks, which left unchecked, could have negative repercussions on the productivity of many companies across the country. And Employees who fritter time away on Facebook, Twitter and other social media Web sites are costing British businesses billions, the research adds.

1) Nearly six percent, or 2 million, of Britain's 34 million workforce spent over an hour per day on social media while at work, amounting to more than one eighth of their entire working day.

2) The work time lost on Facebook, Twitter and other social media networks could potentially be costing Britain up to 14 billion pounds ($22.16 billion).

3) More than half of British workers (55 percent) confessed to accessing social media profiles at work, with many spending so much time socializing, tweeting, adding photos and video, as well as updating their profiles, which companies' productivity was suffering as a result.

4) Most of those, who indulge in social networks at work, were in denial about the ill-effects of social media on their efficiency. Only 14 percent of respondents admitted to being less productive as a result of social media. Interestingly, 10 percent even claimed social media had made them more productive.

5) There’s widespread resistance to banning access to social networks at work, with over two thirds (68 percent) advocating some form of access during working hours. Only one third wanted sites like Facebook, Twitter, Flickr and YouTube barred during work time (Pointing to the growing importance of social media to the daily routine and the widespread resistance to its access being limited).

The study underlines that the companies should check the non-work use of social media at work; as it found even the current engagement far too much for the well being of a company. The study added that, the situation can lead to serious productivity problems in future, if remained unchecked; as access to social networks at work is on an increase. --------

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