Time Is Money: Calculate The Real Cost Of Those Corporate Meetings
Nick Gonzalez
12 comments »
Ever been caught in a meeting you thought was a waste of time and money? Well, PayScale has created a little program that lets you put a number on exactly how much those meetings are costing your company.
The program, called Meeting Miser, calculates the a meeting’s cost down to the cents per minute. Meeting cost calculators are nothing new, but Meeting Miser incorporates real salary data from their site to tally the hourly cost for you. As a bonus, it also works pretty well on the iPhone.
All you have to do is give the program info about where you’re located and the titles of the people at the meeting. Just for kicks I calculated a theoretical meeting between two corporate C-class officials and their VC in San Francisco. Turns out their meeting burns about a venti Starbuck’s latte per minute.
But for some, Meeting Miser is more than just an idle curiosity or analytical overkill. SmartSheet has actually been using the program to keep their eye on the ball and cut out unnecessary meetings.
Wow, that’s a good deal. $300 an hour for all them. They’re hired! When can they start? I pay more than that per hour for 1 lawyer in San Francisco. That PayScale must hire really cheap employees.
Great idea…but this really needs to be a standalone device that you can put at conference room table in order to be effective. This would be a great application for Chumby.
On the flipside, with simple math you could figure out how much everyone at the meeting was getting paid. So much for privacy.
http://www.opensocializr.com
Meetings are a waste of time. Why not bring that conversation into a social network/blog?
Fun to play around with. Can’t imagine it useful for any other purpose.
Sometimes meetings become a huge overhead, especially if people reach there without a goal and a a plan.
http://www.meetingflex.com
Social Networking + Video - Crap
Good idea…. but look also, this web 2.0 services site, that i found: http://www.memboxx.com.
i think it’s a new very usefull service application web based… why not save our memory, why not help us with internet?
I’m currently an in-house contractor. I know exactly how much those meetings are costing the company - and delaying my progress.
In general, I find meetings a waste of time - either you are giving a directive, or asking for input. The problemn with the later is a lack of authority to immediately squash rambles and ideals that compromise the unversal application of the goal.
I think that the opinions here are incredibly one-sided, typical of tech people.
“Social networking sites” and blogs are a waste of time, not meetings which they cannot replace. Apart from that: do you want to work like a dog for every minute of the day? Some talk about which general way the work is going etc. is a good thing.
No wonder many techies are underpaid. Having mental blinders on and only seeing one small part of the picture at a time is not what companies want.