Should Employers Ban Facebook? New Report Suggests Annual Productivity Loss Costs Billions

While Facebook generates less than a billion a year in revenue, it’s impressive just how much use of the service costs employers each year. One company has calculated 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. It’s forcing many companies to question whether or not to ban the site all together.

Considering that there are over 350 million active users on the site it’s likely that the cost could be far greater if even a fraction of Facebook users are employed.