1. What is the Government Meeting Cost Calculator?

The Government Of Canada Meeting Calculator estimates the total cost of employee time spent in meetings. This helps government departments understand the financial impact of meetings and make informed decisions about meeting frequency and duration.

2. How Does the Calculator Work?

The calculator uses a simple formula:

Where:

• \( Employees \) — Number of attendees
• \( Wage \) — Average hourly wage in CAD
• \( Time \) — Meeting duration in hours

Explanation: This calculation represents the direct labor cost of the meeting time based on the number of participants and their average compensation.

3. Importance of Calculating Meeting Costs

Details: Understanding meeting costs helps government organizations optimize resource allocation, improve meeting efficiency, and justify the value of meeting outcomes relative to their expense.

4. Using the Calculator

Tips: Enter the number of meeting participants, their average hourly wage in Canadian dollars, and the meeting duration in hours. All values must be positive numbers.

5. Frequently Asked Questions (FAQ)

Q1: Why calculate meeting costs in government?
A: It promotes fiscal responsibility, helps prioritize essential meetings, and encourages efficient use of public resources.

Q2: Should benefits and overhead be included?
A: This calculator shows direct labor costs only. For comprehensive cost analysis, additional factors like benefits, facilities, and equipment should be considered.

Q3: How accurate is this calculation?
A: Accuracy depends on using appropriate average wage rates. Different pay grades among participants may affect precision.

Q4: Can this be used for virtual meetings?
A: Yes, the calculation works for both in-person and virtual meetings as it focuses on time investment.

Q5: How can meeting costs be reduced?
A: Strategies include having clear agendas, limiting attendance to essential personnel, keeping meetings focused, and considering alternative communication methods.