Business Owners No Fans of Social networking sites which are 'costing businesses billions'

Be sure that businesses in the US will get wind of this British study, and start to figure out ways to limit their employees twittering away their time at the office with their Facebook feeds and Twitter followings, as there's no doubt a considerable amount of people wait to use the broadband connections at the office they can't afford at home thus costing their respective employers millions in productivity..

Here's the article and the study looks entirely accurate and believable to me.

The Independent: Twitter and other social networking websites cost UK businesses more than £1.38 billion a year in lost productivity, a study suggested today.

A survey of nearly 1,500 office workers found 57% used the websites

during the day for personal use.

The research, commissioned by IT services and technology company Morse, showed the employees spent about 40 minutes a week viewing the pages.

Based on the average wage of an office worker, this cost firms £1.38 billion a year, Morse said.

"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," said Philip Wicks, a consultant at Morse.

"When it comes to an office environment, the use of these sites is clearly becoming a productivity black hole."

He added: "It is clear that businesses shouldn't turn a blind eye to their employees' use of social networks, and instead look to formulate and enforce sensible usage policies."

The study found 76% of those surveyed had not been issued with specific guidelines relating to the use of Twitter.

"Without guidelines and usage policies businesses are leaving themselves wide open to a reduction in productivity, brand damage and security risks," said Mr Wicks.

In September, it emerged Portsmouth City Council had banned its staff from using the social networking site Facebook after it was revealed that workers visited the website an average of 413 hours a month.

:: The survey of 1,460 office workers was conducted by independent research company TNS.

Related articles

Twitter Responsible for British Economic Woes? (marketingpilgrim.com)

• Twitter 'costs businesses £1.4bn'target="new" (news.bbc.co.uk)
• The Cost of Social Media to Worker Productivity: $2.25 Billion [Survey] (mashable.com)
• 19% of Internet users use Twitter or update status site : Up nearly 100% since April (kevin.lexblog.com)

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