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Atlassian’s secret to turbo productivity

Meetings are the nightmare of most corporate employees. But Atlassian’s Scott Farquhar has improved that at the software giant, cutting the equivalent of more than 375,000 meetings across its 11,000 employees.

Mr Farquhar released new data showing how many minutes Atlassian has saved from unnecessary meetings since acquiring Loom last October for $1.5 billion – its largest acquisition in dollar terms to date.

It comes after Atlassian – with a market value of US$49.69 billion ($77.17 billion) – acquired Loom to accelerate its move to distributed work, something different from hybrid or remote arrangements, as it focused more on ensuring of the way most office workers work together, anyway. of the time you spend in the office

At the time of the acquisition, Loom had more than 25 million users recording nearly five million videos per month. It specializes in asynchronous working, meaning videos or even meetings don’t need to be watched or attended in real time, allowing employees to view content when it best suits their workflow.

Crucially, it reduces the number of meetings the company needs to hold, allowing employees to focus more on productive work. In Atlassian’s case, the company has saved 3.75 million minutes, which it says is the equivalent of 375,000 meetings, since launching Loom among its 11,000 employees.

Mr Farquhar said the platform is proof that managers “must stop obsessing over where people work and start focusing on how they work”.

“People don’t schedule meetings because they want to waste time or feel unproductive – they default to this old-fashioned way of working because they don’t know any different.” Mr Farquhar told The Australian.

“By optimizing to an asynchronous work style, I can free up hours of time in my calendar each week – but the work still gets done. My teams and I rely on tools to help us get information out of people’s heads and into a Confluence page or Loom video.

“Not only are we making knowledge available, but it’s also much easier to edit and comment on, and a more inclusive way of working for people in different time zones and with different work styles.”

Scott Farquhar, co-founder of Atlassian, has found the key to turbocharging and flat productivity – a key to securing pay rises.

Atlassian surveyed 1,000 knowledge workers last month and found that meetings were ineffective 76 percent of the time, while 51 percent of respondents said they had to work overtime a few days a week due to meeting overload.

“80 percent of respondents say they would be more productive if they spent less time in meetings. But that’s easier said than done. For 54 percent of knowledge workers, meetings dictate the structure of each day rather than prioritizing time for ‘real work’,” said Atlassian.

According to the survey, 74 percent of respondents say they often participate in meetings that result in the decision to schedule another meeting, further reducing productivity.

Australia’s biggest companies – from big banks and law firms to engineering firms and healthcare giants – are turning to technology to boost sluggish productivity, according to The Australian’s latest CEO survey. But most of these efforts are focused on artificial intelligence, which the Albanian government has predicted will inject up to $600 billion a year into the economy by the end of the decade.

Mr Farquhar said: “Asynchronous working can be adopted by anyone – whether you are in the office three days a week, or once a quarter.”

“Companies that make this transition will waste less time and make faster progress.”

An Atlassian spokeswoman added that since the company introduced Loom internally, it had been more effective than written updates.

“In fact, people whose managers used Loom to share information were twice as likely to feel more connected to their manager,” she says.