ROI Calculator

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

$640.00