Time tracking practice of calculating actual monetary cost of meetings by multiplying attendee count by hourly rates and duration, used to evaluate meeting necessity and encourage more efficient collaboration by making time costs visible.
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Meeting Cost Calculator Practice involves calculating and displaying the true monetary cost of meetings to encourage more thoughtful meeting practices and reduce unnecessary gatherings.
Meeting Cost = (Number of Attendees × Average Hourly Rate × Duration in Hours)
Total Impact = Meeting Cost + Opportunity Cost of Interrupted Work
Free practice - calculator tools available online