Number of Employees
employees
Number of Pay Periods
12 pay periods
Average Hourly Rate ($)
$10
Hours Worked Per Pay Period
AVERAGE PAYROLL TOTAL
$720000
HOURS SAVED PER PAY PERIOD
90.00
SAVINGS PER PAY PERIOD
$900.00
Minutes Spent Per Timecard for Editing
6 Minutes
Hourly Payrate of the Person Editing Timecards ($)
$10
Error Percentage Rate (research suggests an average error rate between 2-4%)
Average Time (in minutes) Lost Per Day, Per Employee
ANNUAL OVERPAID WAGES
$156000.00
AVERAGE DAILY WAGES OVERPAID
$600.00
SAVINGS PER ANNUM
$23400.00
Average weekly wages overpaid