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Businesses: “Twitter Costs Us $1.4 Billion”

twitter_fail_whaleApparently, Twitter addiction has invaded the UK workplace.

A survey conducted by IT services group, Morse has shown that people in UK spent 40 minutes per week on social-networking sites such as Facebook and Twitter.

While many businesses have taken extreme measures to ban employees from Facebook, Twitter seems to be off the hook (or maybe not).

But how many of us would believe the astonishing “destruction” that the micro-blogging giant could cause? BBC has explicitly stated that “Staff who use Twitter and other social networking sites while at work are costing UK businesses £1.38bn every year…”

More from Philip Wicks from Morse:

“The popularity of social networking sites such as Twitter and Facebook has grown considerably over the last couple of years, however with it has come the temptation to visit such sites during office hours,”

“Without guidelines and usage polices businesses are leaving themselves wide open to a reduction in productivity, brand damage and security risks,”

moneyWhat should businesses do?

Although the survey is done in the UK, we could very well expect similar results elsewhere.

So what should businesses do?

Banning Twitter is one way to put such “destruction” to a halt. If you still believe that embracing Twitter at your workplace is beneficial, perhaps this might help.

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About Sarah Chong

Co-founder and editor of Penn Olson. A laid-back marketing student otherwise. Loves social media and twitters about everything! (yes even about the stranger who chants to himself) A huge Harry Potter movie fan who is extremely scared of geckos.

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  • http://www.penn-olson.com/2009/10/28/study-where-do-we-tweet/ STUDY: Where Do We Tweet? | Penn Olson

    [...] Out of the 718 respondents, most of them tweet during work hours, which that might explain why employers are losing a whopping £1.38bn every year. [...]

  • http://www.penn-olson.com/2010/05/07/2-out-of-5-ban-social-media/ 4 Out Of 10 Companies Ban Social Media In Workplace [STUDY] | Penn Olson

    [...] previously written that workers who use Twitter and other social networking sites at work could cost businesses £1.38bn every year. That is equivalent to $2 billion in USD or a hefty $5.5 million per day, if divided by [...]

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