Fuzzy Math: Facebook Costs Australia $4 Billion in Lost Productivity

 By 
Sean P. Aune
 on 
Fuzzy Math: Facebook Costs Australia $4 Billion in Lost Productivity
Mashable Image
Credit:

Are you guilty of costing your employers "billions" of dollars in productivity with your Facebook addiction? A recently released study of workers in Australia thinks you may be.

An Internet security company, SurfControl, looked into the issue, and it estimates that Australian employees spend approximately one hour a day on the social networking site. Using that number, they come up with the slack time costing employers approximately $5 billion Australian ($4 billion US) a year in lost productivity.

How they reached this mysterious number is, just that, a mystery. The study lists that there are 800,000 businesses in Australia, and they are estimating one slacking employee per company. A problem with this estimate is that Facebook only currently lists approximately 224,000 members from Down Under, and then you still have to assume each one of those people is a very active user of the site.

The biggest stories of the day delivered to your inbox.
These newsletters may contain advertising, deals, or affiliate links. By clicking Subscribe, you confirm you are 16+ and agree to our Terms of Use and Privacy Policy.
Thanks for signing up. See you at your inbox!