I’ve attended far too many meetings that have gone on too long, wandered off-topic or just been a complete waste of time. I imagine you have too.
Here’s one simple and fun way to help everyone gain a better perspective: The Meeting Ticker.
The Meeting Ticker is simply a web page where you enter the number of participants and the average hourly cost. Then you click the Start button.
For example, 4 participants, each being paid $15 per hour would eat through $1 for every minute, or $60 per hour. Hold 3 such meetings per week for 40 weeks per year and more than $7,000 has gone from the budget.
As soon as you click Start the Meeting Ticker begins counting costs — rather like the meter in a taxi. Right before your eyes you see the cents and dollars spinning past, rather astonishing quickly.
Try it out sometime and find out just how much the ‘waffle’ costs. Then suggest some ways to tighten up the meetings.
I actually think there could be a good market for a stand-alone meeting-cost timer device ….
Written by Miraz Jordan for, and reproduced from CommunityNet Aotearoa Panui, August 2009. This article has been modified for publication here.