Facebook and other social media cost UK billions

LONDON (Reuters) – Employees who fritter time away on Facebook, Twitter and other social media Web sites are costing British businesses billions, new research suggests.

British employment website MyJobGroup.co.uk said it polled 1,000 British workers and found that nearly six percent, or 2 million, of Britain's 34 million-strong workforce spent over an hour per day on social media while at work, amounting to more than one eighth of their entire working day.

"Our results clearly show that UK workers are spending increased time whilst at work on social media networks, which, left unchecked, could have negative repercussions on the productivity of many companies across the country," Managing Director of Myjobgroup.co.uk Lee Fayer said in a statement with the results of the survey.

MyJobGroup.co.uk said that work time lost on Facebook, Twitter and other social media networks could potentially be costing Britain up to 14 billion pounds ($22.16 billion).

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