How much productivity is lost to facebook

Have you ever stopped to wonder how much wasting time on Facebook costs? For one thing, there's the psychological price; research consistently indicates that spending too much time on social media is associated with some pretty negative effects , depending on how you use it. But this is America — why talk about feelings when you can look at social media's effect in terms of cold, hard cash?

NBC News recently calculated the literal cost of all the time we spend idly scrolling through baby pictures and engagement photos, and the sheer magnitude of the price is almost enough to make you want to focus at work. NBC based their calculations on the number of monthly Facebook users 1.

Key findings of the study of employees concluded:. If your profitability is say two percent, this could be the difference between staying open or closing shop. Of those using Facebook at work, 87 percent could not define a clear business reason for accessing the site. Companies have now started rethinking their social media policies towards employees.

Arpita Kuila, Head — Human Resources, NEC Technologies India, firmly believes that in an era when we talk of bringing our whole selves to work, the fact that we all use social media for work is also more or less established.

Instead of restricting usage solely for personal interactions, they have opted for using it for work. Would someone who uses social media for work be more likely to leave their job? A job with a particular company can be more aspirational because of what someone may have heard through social media. The ability to hear about potential openings can also be done with more ease.

However, he is not ready to generalize the fact that social media causes job switches. Kyle Dendy. Kartik Anand. John Boitnott. S Shanthi. Shishir Jajoo. Entrepreneur Staff. Skip to content Profile Avatar. Subscribe to Entrepreneur. Magazine Subscriptions. By Baishali Mukherjee May 31,