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Government Meeting Cost Calculator

Government Meeting Cost Formula:

\[ \text{Total Cost} = \text{Staff} \times \text{Hourly Wage} \times \text{Meeting Time} \]

people
USD/hour
hours

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1. What is the Government Meeting Cost Calculator?

The Government Meeting Cost Calculator estimates the total cost of government meetings based on the number of staff attending, their average hourly wage, and the duration of the meeting. This helps in budgeting and cost transparency for public sector meetings.

2. How Does the Calculator Work?

The calculator uses the simple formula:

\[ \text{Total Cost} = \text{Staff} \times \text{Hourly Wage} \times \text{Meeting Time} \]

Where:

Explanation: The equation multiplies the number of staff by their time value (hourly wage × meeting duration) to determine the total opportunity cost of the meeting.

3. Importance of Meeting Cost Calculation

Details: Calculating meeting costs helps government agencies understand the true cost of meetings, optimize meeting efficiency, and justify meeting expenses to taxpayers.

4. Using the Calculator

Tips: Enter the number of staff attending, their average hourly wage in USD, and the meeting duration in hours. All values must be positive numbers.

5. Frequently Asked Questions (FAQ)

Q1: Should I include all staff in the count?
A: Yes, include all attendees whose time is being used for the meeting, regardless of their role.

Q2: How to determine average hourly wage?
A: Use the average hourly wage of all attendees, or calculate a weighted average if wage differences are significant.

Q3: Should travel time be included?
A: If staff are traveling specifically for the meeting, you may include travel time in the meeting duration.

Q4: What about preparation time?
A: This calculator only measures meeting time. Preparation time could be calculated separately if needed.

Q5: Are there other costs not included?
A: This calculates personnel costs only. Additional costs like venue, materials, or catering would need separate calculation.

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