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Social Networks Blamed For $2.25B In Lost Productivity

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Short stretches can really accumulate.  Did you know, for instance, that if someone comes back from lunch nine or ten minutes late every day, he (or she) will take the equivalent of free week of paid vacation per year?  And similarly, one IT services and technology company believes social networking is costing UK businesses $2.25 billion each year.

Morse surveyed 1,460 office workers, and on average, they admitted to spending 40 minutes per week on Twitter, Facebook, and the like.  While on the clock, and for personal use.  Morse did some multiplying and came up with the figure $2.25 billion (or actually, £1.38 billion - we converted) in lost productivity.

Don't be surprised if another wave of businesses decides to create usage policies or block its employees from accessing Facebook, Twitter, and MySpace, then.

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