Calculations are based on common practices and serve as a general guideline of potential cost savings.*
Number of hourly employees?
Average minutes lost per employee per day? Conservative estimate: 6 minutes
Average hourly compensation per employee?
Pay periods per year? 52 26 24 12
Total minutes per pay period spent managing time cards?
Average percentage of calculation errors per pay period? Conservative estimate: 3%
Suggested Annual Savings:
* Service costs not included.
