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The Hidden Cost of Bad Meetings

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Next time you’re in a meeting, try to calculate the cost. A one-hour meeting between 10 employees earning an average of $30/hour adds up to $300 in salaries alone. Inviting one or two managers quickly escalates the cost. Meetings between several managers or executives may cost upward of $1,000 in salary (TED). This doesn’t even take into account the time spent preparing for the meeting! Continue reading