Question 1

How much does a meeting cost?

Accepted Answer

A typical 1-hour meeting with 8 employees earning $140,000/year costs approximately $538. That's $8.97 per minute, or $0.15 per second — whether anything gets decided or not.

Question 2

How do you calculate the cost of a meeting?

Accepted Answer

Divide each attendee's annual salary by 52 weeks and 40 hours to get their hourly rate. Sum all hourly rates, then multiply by the meeting duration in hours. MeetingCost does this live, updating every 100 milliseconds.

Question 3

What is the total cost of meetings per year?

Accepted Answer

According to Harvard Business Review, U.S. companies spend over $37 billion per year on unproductive meetings. A single unnecessary 1-hour weekly meeting with 8 senior employees costs over $27,976 per year.