The Ideas At Work! – Group of companies are dedicated to creatively helping you enhance your career and profitably grow your company and its leaders to the next level. Successful Meetings – meeting planner resources. Easily used, program proven resources for successful conferences, meetings and training events. Innovative resource guides and free downloadable checklists for meeting planners from Successful Meetings. Meeting planner success resources compiled by Canadian motivational leadership, business and association keynote conference speaker and business leadership and meeting planner success coach, Bob ‘Idea Man’ Hooey.
Ideas At Work! – Canadian motivational, inspirational, leadership, business and association keynote conference speaker, Bob ‘Idea Man’ Hooey. Innovation business leadership keynote speaker, motivational corporate leadership trainer, motivational success coach and inspirational author.
Motivational, inspirational leadership, business and association conference keynotes to engage, challenge, touch, nourish and enrich your audience. Innovative skills enhancing, results based motivational training programs from motivational leadership, business and association keynote conference speaker and business leadership success
Canadian motivational keynote speaker, corporate leadership coach, trainer, inspirational business author and meeting coach, consultant, Bob ‘Idea Man’ Hooey offers sage advice to help you create and conduct successful meetings.
Canadian motivational keynote speaker, corporate leadership coach, trainer, inspirational business author and meeting coach, consultant, Bob ‘Idea Man’ Hooey offers his comments on the importance of holding effective meetings.
Canadian motivational keynote speaker, corporate leadership coach, trainer, inspirational business author and meeting coach, consultant, Bob ‘Idea Man’ Hooey challenges you to ensure you are making your meetings worth the investment of those who attend. *
Canadian motivational keynote speaker, corporate leadership coach, trainer, inspirational business author and meeting coach, consultant, Bob ‘Idea Man’ Hooey outlines the secret to effective use of meetings – accountability and follow up.
Canadian motivational keynote speaker, corporate leadership coach, trainer, inspirational business author and meeting coach, consultant, Bob ‘Idea Man’ Hooey offers an innovative idea for your next meeting or event.
A Short Course in Decision Making. A model for good leadership and planning.
Canadian motivational keynote speaker, corporate leadership coach, trainer, inspirational business author and meeting coach, consultant, Bob ‘Idea Man’ Hooey is a professional member of CAPS and the IFPS. Hire a pro!
Canadian motivational keynote speaker, corporate leadership coach, trainer, inspirational business author and meeting coach, consultant, Bob ‘Idea Man’ Hooey is a professional member of both CAPS and the IFPS. Hire a professional – protect your investment.
Canadian motivational keynote speaker, corporate leadership coach, trainer, inspirational business author and meeting coach, consultant, Bob ‘Idea Man’ Hooey outlines some basic mistakes leaders make in conducting training.
Canadian motivational keynote speaker, corporate leadership coach, trainer, inspirational business author and meeting coach, consultant, Bob ‘Idea Man’ Hooey shares some creative ideas to help you train your team.
On-line resources and special websites to assist meeting planners in providing successful meetings from Canadian motivational keynote speaker, corporate leadership coach, trainer, inspirational business author and meeting coach, consultant, Bob ‘Idea Man’ Hooey.

How much is your time really worth?

Have you ever taken a moment and thought about what your time is really worth? Have you calculated your earning capacity on an hourly basis? It can be a great exercise in determining your worth, relative value and earning contribution. It can also tell you how much each hour you allow to be wasted is really costing you.

Let's figure it out together. Assuming 52, 5-day weeks in a year. We will deduct 2, 5-day weeks for normal vacation time. This leaves us 250 days. Then, let's deduct the holidays. In AB & BC, we have 10 per year. This will leave us with only 240 work days in which to earn our money. Assuming an average 8-hour workday this gives us 1820 potential work hours in a year.

On the surface we'd simply take our Gross Pay and divide by the hours, e.g. $30,000/year would give us an average hourly rate of $16.48 per hour. So in this instance each 15-minute block of recaptured or wasted time would be costing you $4.12

Let's take this a bit further, shall we? In all honesty, would you say that you are able to get 8 productive hours in each 8-hour day? If you are in sales how much of your time is spent selling, or servicing your clients? How much is each meeting you sit through worth to you?

My contention, based on feedback from quite a few of our North American audience members is the 'true number' is somewhere closer to 60% effectiveness on any given day. If that is true, then we really have only 1092 work hours in which to make our money. In the example above, each hour would no be worth $27.47 and each 15-minute block costing us $6.86.

I'll give you some rough comparisons in our table for different dollar levels.
Annual Rate Base Rate
Effective Rate (60%)
15 minute block
20,000/year 10.98
18.32
4.58
25,000/year 13.74
22.89
5.72
30,000/year 16.48
27.47
6.86
35,000/year 19.23
32.05
8.01
40,000/year 21.97
36.63
9.16
45,000/year 24.72
41.21
10.30
50,000/year 27.47
45.78
11.45

Very interesting figures aren't they? If you are aware of what your time is 'really' worth it will help you keep an eye on the time wasters that creep into your life. Not that I put a monetary price on everything in my life; but it is good to know what my 'investment' is worth.

After my dad died in 1999, I spent quite a lot of time with my mom, before she too passed away later that year. It was probably the best return for my investment I've every made - priceless! I'd do it again in a heartbeat if I could.

When I pass on I won't regret not spending more time in useless meetings. How about you? Meetings can be effective tools to leverage accomplishment and resources. Make them pay!


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9/24/05

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