Social media sites cost UK Billions

LONDON – Employees who fritter time
away on Facebook, Twitter and other social media web sites are costing British
businesses billions, new research suggests.

British employment website
MyJobGroup.co.uk said it polled 1,000 British workers and found that nearly six
per cent, or 2 million, of Britain’s 34 million-strong workforce spent over an
hour per day on social media while at work, amounting to more than one eighth
of their entire working day.

“Our results clearly show that
UK workers are spending increased time while at work on social media networks,
which, left unchecked, could have negative repercussions on the productivity of
many companies across the country,” Managing Director of Myjobgroup.co.uk
Lee Fayer said in a statement with the results of the survey.

MyJobGroup.co.uk said that work
time lost on Facebook, Twitter and other social media networks could
potentially be costing Britain up to $22.16 billion.

The research showed more than half
of British workers (55 per cent) confessed to accessing social media profiles
at work, with many spending so much time friending, tweeting, adding photos and
video, as well as updating their profiles that companies’ productivity was
suffering as a result.

Despite the negative effects on the
economy in the midst of a fragile recovery, many workers polled were in denial
about the ill-effects of social media on their efficiency. Only 14 per cent of
respondents admitted to being less productive as a result of social media and
10 per cent even claimed social media had made them more productive.

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

BIZSocialmediaSTORY

A Facebook page is displayed on a computer screen in Brussels.
Photo: Reuters
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