Multiply the hour cost by the number of executives.
Multiply that number by the number of hours spent in meetings.
**[(Annual cost / # hours) x # executives] x hours of meetings = Cost of meeting hour per executive**
You quickly get a large number, a very significant cost of doing business. A cost you can reduce with Sofi.
**For example: **
Let’s say you have 10 executives who have of a total cost each of $400K
(total cost is salary, insurance, all benefits etc.)
For this group to meet together, the total cost per hour is $2000. Multiply
this rate by the number hours spent in meetings.
$300K is $150 an hour, $200K is $100 an hour per executive and so on. |