Your Meetings Cost More Than You Think. Here's the Formula.

A one-hour meeting with eight people is not a one-hour meeting. It is eight person-hours of productivity consumed. At a blended cost of $75/hour (salary plus benefits plus overhead), that single meeting costs $600. If it happens weekly, that is $31,200 per year. For one recurring meeting. The basic formula Meeting cost = Number of attendees * Average hourly cost * Duration (hours) Average hourly cost includes more than salary. The fully loaded cost of an employee is typically 1.3x to 1.5x their salary, accounting for benefits, payroll tax, office space, equipment, and administrative overhead. function meetingCost ( attendees , avgSalary , durationMinutes ) { const hourlyRate = avgSalary / 2080 ; // 2080 working hours/year const loadedRate = hourlyRate * 1.4 ; // Benefits multiplier const hours = durationMinutes / 60 ; return attendees * loadedRate * hours ; } // 8 people, $100K avg salary, 1 hour meetingCost ( 8 , 100000 , 60 ); // $538.46 The hidden costs The dollar figure above only