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Shopify Calculator Shows How Much Meetings Are Costing the Company

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dollars on clock face in time-is-money representation

The Meeting Cost Calculator nudges employees to "reconsider meeting necessity," Shopify says.

Credit: Getty Images

Shopify is escalating its war on meetings by introducing a calculator that shows employees how much it costs to have dozens of colleagues huddled together for an hour instead of just sending an email.

The e-commerce company rolled out the Meeting Cost Calculator internally as part of ongoing efforts to encourage emptier calendars. The tool functions as a Chrome extension built into Google Calendar, showing Shopify's 11,000-plus global employees the estimated cost of their meetings by using data based on average compensation, number of attendees, and length.

The average 30-minute meeting with three employees at the company costs between $700 to $1,600, according to an internal note. By getting rid of three meetings a week per person, Shopify estimates it will see a 15% reduction in overall costs.

The tool furthers steps Shopify took in January when it did away with all previously scheduled recurring meetings involving three or more people, enforced meeting-free Wednesdays, and limited large meetings with over 50 people to a six-hour window on Thursdays.

From CNN
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