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.
The Meeting Cost Calculator reveals the true financial cost of your meetings by multiplying participant salaries, meeting duration, and overhead factors. Enter the number of attendees, their average annual salary, and the meeting length, and the tool shows you exactly how much that meeting costs your organisation. It supports multiple currencies including Nigerian Naira, South African Rand, and Kenyan Shilling. Use it to justify reducing unnecessary meetings, shortening agendas, or trimming invite lists. Managers, team leads, and executives who want to foster a culture of productive, cost-conscious meetings will find this calculator eye-opening and actionable.