New Productivity Study Suggests Facebook Costs Billions

An IT Consulting Company – Morse-  estimates that use of social networking sites in general (of which Facebook makes up the vast majority of usage) cost employers upwards of $2.25 billion each year in lost employee productivity. This report is adding fuel to an ever increasing debate surrounding the ban of Facebook in the workplace.

Currently, more than half of CIOs in a Robert Half Technology survey said their firms don’t allow employees to visit social-networking sites for any reason while at work.

“Using social-networking sites may divert employees’ attention away from more pressing priorities, so it’s understandable that some companies limit access,” said Dave Willmer, executive director of Robert Half Technology. “For some professions, however, these sites can be leveraged as effective business tools, which may be why about one in five companies allows their use for work-related purposes.”

Having an active social life is somewhat important for one’s psychological well being, however this provides a valid argument for banning social network usage in the work place.

What are your thoughts? Should employers ban the use of Facebook in the workplace?