ROI Calculator

Even a 1% inaccuracy can cost your company thousands of dollars annually.
Automating your payroll process will:

Save your company a significant amount of money by reducing errors and eliminating employee time theft.
Save 70% to 80% of your supervisor's and payroll personnel's time.
Generate reports to operate your company more efficiently.
Mitigate the risk of employee related lawsuits and labor law audits.

Calculate your return on investment
to see how much you will save!

1. Company Name:
2. Number of employees you anticipate using an automated system:	Employees
3. Average hourly wage rate of employees using the system:	$
4. Average number of hours these employees work per week:	Hours
5. Time card audit by supervisors & payroll department (average 7 minutes?) (Amount of time wasted tracking down people who forgot to punch and/or the time wasted just manually adding the timecards/sheets)	Minutes
6. Average hourly wage of Time Card auditing personnel?	$
7. Average lost time per employee per day (average 6 minutes?) (Example employee could be 2 minutes late for work, take an extra 2 minutes for lunch, and leave 2 minutes early from work)	Minutes
8. Error factor or accuracy of your payroll (average 3%?) (If your payroll department is extremely meticulous, dedicated, and conscientious, your error factor is still a minimum of 1%)	%