How does the estimate work?
We calculate the average hourly cost of each attendee and multiply it by the number of attendees and the duration of the meeting. You can help make the estimate more accurate by customizing it.
Are you saying that all meetings are bad?
Not at all. Meetings are often essential. However, the benefits of a particular meeting are usually more clear than the costs of having
that meeting. The goal of the Meeting Cost Calculator is to help us better evaluate which meetings are worth having.
What is opportunity cost?
Opportunity cost is "the loss of potential gain from other alternatives when one alternative is chosen." The cost of any meeting is both the direct cost of employing each person plus the cost of the value they could have produced instead of attending the meeting.