Meeting Cost Calculator - Calculate Meeting Expenses

Calculate the true cost of meetings based on salaries and attendance. Track weekly, monthly, and yearly meeting expenses. For managers and business owners.

Meeting Parameters

Enter your meeting details to calculate the true cost.

Meeting Cost Analysis

The calculated cost of your recurring meetings.

-
-

-

Was this tool helpful?

Share this tool

Frequently Asked Questions

We've listed the answers to the most frequently asked questions below. If your question isn't covered, or you need more info, or have feedback, let us know.

How do you calculate the cost of a meeting?

Meeting cost is calculated by determining each attendee's hourly rate (annual salary ÷ 2,080 working hours), multiplying by the meeting duration in hours, and then by the number of attendees. For example, if 5 people earning $75,000/year attend a 30-minute meeting, the hourly rate is $36.06, and the meeting costs $90.15 (5 × $36.06 × 0.5 hours). This meeting cost calculator helps you understand the true expense of recurring meetings.

Why is it important to calculate meeting costs?

Calculating meeting costs helps organizations understand the true expense of meetings and make better decisions about which meetings are necessary. Many companies waste thousands of dollars on unnecessary or poorly run meetings. By tracking meeting costs, managers can identify opportunities to reduce meeting frequency, shorten duration, or limit attendees. This awareness often leads to more efficient meetings and better time management across the organization.

What is the average cost of a business meeting?

The average cost of a business meeting varies widely based on attendee salaries and meeting length. A typical 1-hour meeting with 5 mid-level employees ($75,000 salary) costs approximately $180. Executive meetings can cost $500-1,000 per hour or more. Studies show that unnecessary meetings cost U.S. businesses over $37 billion annually. Use this meeting cost calculator to determine your specific meeting expenses and identify cost-saving opportunities.

How can I reduce meeting costs?

To reduce meeting costs, limit attendees to only essential participants, shorten meeting duration by setting clear agendas, reduce meeting frequency by combining topics, use asynchronous communication for updates that don't require discussion, and cancel recurring meetings that no longer serve a purpose. Consider standing meetings to keep them brief, and always ask if a meeting is necessary or if an email would suffice. Track costs with this calculator to measure improvements.

How many hours per year does the average employee spend in meetings?

The average employee spends 31 hours per month in meetings, totaling approximately 372 hours per year. Managers and executives spend even more time, often 50-60% of their workweek in meetings. This represents a significant portion of salary costs. By using this meeting cost calculator, you can quantify the time and money invested in meetings and make data-driven decisions about meeting culture. Reducing unnecessary meetings by just 20% can save thousands of dollars per employee annually.

Related Money Tools

Churn Rate Calculator - Customer Retention

Calculate customer and revenue churn rate. Measure subscription retention and MRR loss. For SaaS businesses and subscription services.

Open Tool

Revenue Per Employee Calculator - Workforce Efficiency

Calculate revenue per employee (RPE) to measure workforce productivity and efficiency. Compare against industry benchmarks. For business owners and HR managers.

Open Tool

Dividend Yield Calculator - Stock Dividend Return

Calculate dividend yield percentage and annual dividend income. Compare dividend-paying stocks and assess investment returns. For investors and traders.

Open Tool

Attrition Rate Calculator - Employee Turnover

Calculate employee attrition rate and turnover percentage. Measure workforce stability and retention metrics. For HR managers and business owners.

Open Tool