Track the true cost of meetings
It’s a cliché in every workplace: Meetings can be a waste of time. Well if that’s true, they’re a big financial drain, too. Ever wondered how much? The folks at PayScale have — and they can figure it out for any business meeting, anywhere. Meet the Meeting Miser, 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. (PayScale, the Seattle-based compensation research firm, knows. Its database includes over 10 million user-submitted salary profiles across hundreds of industries.) A regional sales manager in New York, for instance, wants to round up five account executives for an hour-long strategy huddle? That's a $379 conversation.
Use the Meeting Miser at BNET
Want to start clocking your meetings and conference calls? Go to meetingmiser.bnet.com and turn on the Miser from time to time. But stop-watching your office confabs won’t necessarily make them more effective — an expensive meeting is a symptom, not a cure.
Other ways to improve meetings
To make your meetings worth every dollar, start with BNET’s step-by-step guide to better meetings, “Make Your Meetings Matter,”. We show you a handful of alternative meeting methods, what to do when meetings go bad, and how to improve those hard-to-manage teleconferences.
