How much do your meetings really cost? Calculate the true expense based on attendees' salaries, duration, and frequency. Includes a live cost ticker.
Meetings are the #1 time killer in the modern workplace. A Harvard Business Review study found that executives spend an average of 23 hours per week in meetings, up from less than 10 hours in the 1960s. When you factor in preparation and follow-up, meetings consume even more productivity.
The formula: Cost = Attendees x (Annual Salary / Working Hours) x Overhead x (Duration / 60). According to Harvard Business Review, many organizations can recover 20-30% of meeting time.
Related: Pomodoro Timer for focused work, and Employee Cost Calculator.