A 30-minute meeting with 8 people costs around $200 at $50/hr average. Calculate the exact cost for your team.
A 30 minutes meeting with 8 people consumes 4.0 person-hours of collective effort. At a fully loaded cost of $50/hour, that is $200 per meeting. If it happens daily, that is $48,000 per year. Even weekly, it adds up to $9,600 annually.
With 8 attendees, ask whether everyone needs to be there. If 2-3 people are mostly listening, send them notes instead. Reducing by 2 people saves $2,400 per year on a weekly cadence.