Meeting TaxiMeter can use be used a meeting cost calculator in several ways.

## Projected meeting cost calculator

Entering the following information:

- the number of attendees
- their approximate salary
- the length of the meeting, the frequency of the meeting,
- the average amount of time it takes people to get to and from the meeting (time overhead)
- any expenses for the meeting (cost overhead) e.g. catering or room hire

willÂ calculate the cost of a single meeting or the projected cost of the meeting over the year.

## Actual meeting cost calculator

Once you have started the meeting the real cost of the meeting will be displayed and updated throughout the meeting.

## Calculating the cost of the meeting

The meeting cost is calculated in the following way

- For each salary band calculate the cost per minute for that band and then add them to give a total cost per minute
- Use the total cost per minute to calculate the cost of the time overhead (time to get to the meeting and leave the meeting)
- Add the cost of the time overhead to any cost overhead (e.g. room hire) to give the total cost overhead
- Display the elapsed meeting time and the cost so far + the total cost overhead

Posted in: Using Meeting Cost Watch app