Meeting Cost Calculator

Ever wondered just how much those meetings you attend cost in total? Use this calculator to estimate the cost in terms of time and money. This helps you to form a quantitative objective judgement on whether certain meetings are really worth your time or not.

What is the name of the meeting?

The name of the meeting. Helpful when stacking multiple meetings.

How long is the meeting in minutes?

If this changes, enter the average length of the meeting.

How many attendees?

The number of persons attending the meeting. Set this to 1 if you're only interested in your cost alone.

How many hours worked per week on average?

The average number of hours worked by the attendees in a typical week. Add up the hours worked by each attendee and divide by number of attendees. This is to help calculate proportion of total working time the meeting takes up.

Does the meeting ever overrun?

If the meeting overruns, then the meeting length is not a true reflection. Better to add a 20% buffer to compensate.

Yes

What is the average annual salary of the attendees?

You might have to guesstimate this one. Add up the salaries of each attendee, then divide that by the number of attendees. For example, for 3 attendees, if Person A earns £25,000pa, Person B earns £40,000pa and Person C earns £65,000pa then ((25,000 + 40,000 + 65,000) / 3) is £43,333pa.

What is the frequency of the meeting?

The more frequent the meeting the more time and money it will consume.

Monthly

Fortnightly

Weekly

Daily

The combined cost for all attendees in terms of time and proportion of hours worked. Headline calculation is (length of meeting in minutes * frequency of meeting) * number of attendees

TIME COST

Minutes Per Year

Combined minutes per month for all attendees. Formula is minutes per year / 12

Minutes Per Month

Combined minutes per week for all attendees. Formula is minutes per year / 52

Minutes Per Week

Combined minutes per day for all attendees. Formula is minutes per year / working days in a year (261)

Minutes Per Day

Combined minutes per hour for all attendees. Formula is minutes per day / hours in a working day

Minutes Per Hour

0.00%

Percentage of average working time the meeting(s) consumes for each attendee per week.

Of Group Working Time Per Week

The cost in terms of monetary value. Headline calculation is average salary cost per minute * total minutes

FINANCIAL COST

£0.00

Per Year

£0.00

Formula is (average salary cost per minute * minutes per year) / 12.

Per Month

£0.00

Formula is (average salary cost per minute * minutes per year) / 52.

Per Week

£0.00

Formula is cost per year / working days in year (261).

Per Day

£0.00

Formula is cost per day / (average hours worked per week / working days in week (5))

Per Hour

0.00%

Percentage of the average annual salary of the attendees of the meeting(s).

Of Average Annual Salary

No meetings stacked