Add who's in the room, set the length, and see what the meeting costs per occurrence and per year, including the time engineers lose getting back into focus afterwards. Or start the live meter and watch it tick.
How much does this meeting cost? Add who's in the room, set the length, and see the dollar cost per meeting and per year, including the time engineers lose getting back into focus afterwards. Or start the live meter and watch the money tick by. Salaries are rough US figures; edit them to match your team.
Hourly cost = salary × overhead ÷ 2,080 working hours. The 23-minute refocus figure comes from research on interrupted work and is applied once per engineer. While you're in there: Meeting Buzzword Bingo.
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Share on XShare on LinkedInThe hourly cost of an employee is roughly their salary times an overhead multiplier (benefits, taxes, equipment, office) divided by about 2,080 working hours a year. A 1.3 multiplier is a common rough figure. Multiply by everyone in the room and the meeting length, and a routine hour with six engineers and a manager lands in the high hundreds of dollars.
Meetings also cost time after they end. Research on interrupted work suggests it takes around 23 minutes to get fully back into a task, so the calculator optionally adds that for each engineer. For recurring meetings, the yearly figure is the one that changes minds: a weekly hour that costs $800 each time is $40,000 a year.