Yearly Cost of a Minute per Day

Do people at your job ever complain about waiting for slow computers? Have you ever considered the cost? It might be more expensive than you thought.

Due to overhead, companies charge employees at a higher rate than that employees salary. Consider a case where a company charges salaried employees at $960/day or $120/hour. At 8 hours/day and 60 minutes/hour, that comes to an even $2/minute.

$960/day * 1 day/8 hours * 1 hours/60 minutes = $2/min

Now consider that rate of $2/min for 1 minute each day over the course of a year. It turns out to cost $500

1 min/1 day * 1 year * 250 day/1 year * $2/min = $500

At $500 minute per day per year, if old hardware and software is costing employees 10 minutes per day, that's $5000 per year, for each employee.

Yearly Cost per Minute per Day = $250*DR/480

where DR is daily rate. What's your yearly cost per minute per day?

What else wastes time at work? How much time do people spend walking back and forth to distant water coolers?