Find out how much your meetings really cost
per meeting (60 minutes, 5 people)
$30.8K / year
(3 meetings × 52 weeks)
If meetings were 15 min shorter:
Save $7.7K/year
If meetings were 30 min shorter:
Save $15.4K/year
The average employee spends 23 hours per week in meetings. That's more than half of a standard work week!
Studies show that 67% of meetings are considered failures, meaning they don't achieve their intended purpose.
By reducing unnecessary meetings and keeping essential ones focused, companies can save thousands of dollars per employee per year.
We calculate each participant's hourly rate from their annual salary (÷ 2080 work hours), multiply by meeting duration, and sum all participants.
This is the standard: 40 hours/week × 52 weeks = 2,080 hours. It's commonly used for salary-to-hourly conversions.
This is the direct salary cost only. The true cost including lost productivity, context switching, and opportunity cost is typically 2-3x higher.
Consider: async updates instead of status meetings, shorter default durations (25/50 min), fewer attendees, clear agendas, and no-meeting days.