Friday, November 9, 2007

Track the true cost of meetings

"Meetings can be a waste of time. Well if that’s true, they’re a big financial drain, too. Ever wondered how much?"

The Meeting Miser is "a handy new management tool for BNET users: Type in the titles and locations of all your attendees, click the Start button, and the Miser runs a tab of your meeting’s actual cost, as measured by the median salaries of everybody in the room."

It's imprecise - sometimes it's difficult to find the exact job titles - but not without value. The monthly staff meetings in my office cost about $5.16 per minute.

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