Look, some meetings could be emails. We know that. And Shopify has swooped in with what it says is a solution: airing the cost of meetings to scare bosses into scheduling fewer of them.
It works on paper. If there's an hour-long meeting, everyone's hourly salary will be factored into a Google calendar invite. The sum of their salaries is presented as the cost of the meeting. But that's also where the tool's biggest problem becomes painfully apparent. Shopify COO Kaz Nejatian told CNBC that the calendar's list of salaries is just an approximation, not an actual reflection of how much each person earns.
"What we did was we took the average compensation for the average employee in a bunch of disciplines across the company. Engineering, design, sales, customer service, whatever that was," Nejatian told CNBC. "And we just applied that to the people who were invited to the meeting," he added."So the person doing the inviting, knowing how much they were costing the company, and the people who were invited, could say, 'You know what, this meeting isn't that important.'" based on their job scope and skill set.
Finance Finance Latest News, Finance Finance Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: MarketWatch - 🏆 3. / 97 Read more »
I used TikTok Shop to buy clothes and a phone case: Here's my reviewI spent $18 for 7 items from TikTok's new 'Shop' feature. Here's what the process was like, from shipping to product quality and fit.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Tile Mate Prime Day deal 2023: Get a 2-pack for 30% offInsider tells the global tech, finance, markets, media, healthcare, and strategy stories you want to know.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Best Garmin Prime Day deals: Take $220 off the Forerunner 745Garmin's wearables are among the best in the industry, and there is perhaps no better time to snag one than during Amazon Prime Day.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Amazon Prime Day TV deals: Prices from just $65 today, and OLED prices slashed📺 Welcome to our Prime Day TV deals roundup, where we're highlighting all of the best discounts on 4K, 8K, and HDTVs right now.
Source: BusinessInsider - 🏆 729. / 51 Read more »