Resources

As much as we hate to say it, time is money. The thing folks often lose sight of is that when you book time on someone’s calendar, you are spending the organization’s money. Unless you are a volunteer organization, most every contractor and employee is compensated by the company in some way.

So if time is money and meetings take time, well then meetings cost money. We are all aware of this to a certain extent, but are we mindful of it when we attend a call or book time with colleagues? Some people are better than others.

Within Meeting Metrix you can understand the real cost of meetings by defining Resources and specifying their rates. When meetings are analyzed, the attendee lists are evaluated against these resources to assign an overall cost to the meeting.

If you don’t want to get that granular, you can also specify your organization’s average resource rate. We default this down to $45/hr, but use what makes sense for you. If we don’t find a resource for an internal meeting attendee, we use the default rate.

Knowing how much these meetings are costing you enables you to answer the question: Is this meeting worth the $XXX it’s costing us every day/week/month?

Kill off the meetings that are sneakily hurting your bottom line.