Facebook Can Cost Employers
September 12, 2007 | by Christopher Nickson
A new British study estimates that employees spending time on social networking sites could be costing employers over $250 million a day.
Social networking sites – a blessing or a curse? It all depends on which side of the desk you’re sitting. It’s no secret that employees use work time to organize their social lives; it’s always been that way. These days, however, many of them do it by spending time on social networking sites. But, according to a new study by employment law firm Peninsula, based on 3,500 UK companies, that could be costing employers $250 million a day and 233 million hours a month. Peninsula has called for the banning of social networking sites like Facebook in the workplace.
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