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?
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.