The cost of a meeting is more than just the time allocated for the meeting. There’s also the prep time, the travel time, and all the other time spent in preliminary communication and follow up. It all adds up.
Now take the total time requirements a meeting creates for an individual, and multiply it by the number of attendees. That’s closer to the true cost of a meeting. And that’s not even considering the opportunity costs of not being able to spend that time elsewhere.
Meetings have their place. But the overall cost of the meeting can be far greater than we initially realize. So if you’re scheduling one, take a moment to make sure it’s worth the price it will actually cost.