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Number
of Employees:
Total
wages of payroll clerks per hour:
$
(
wage ) X ( number of clerks )
Average
Hourly Wage of employees:
$
Percent
Rate of Errors: Data
entry errors, arithmetic calculation errors, missed punches and exception
tracking, breakout of overtime, premium time, shift differentials, etc.
%
$1
per $100 = 1%
$2
per $100 = 2%
$3
per $100 = 3%
Manual
Computation Costs: Manual
processing of time cards takes an average of 7 minutes per card, per pay
period. 7 minutes per card, 52 cycles per year. No assumptions are made
for overhead costs of payroll employees.
$
Recovery
of Lost Time: Employee
time theft costs American industry $98 billion per year. Early arrivals,
late departures and long breaks and meals can easily be controlled with
our system. We are assuming 5 minutes of time per workday, 255 workdays
per year.
$
Cost
of Errors: It's
a simple fact. The more complex the payroll, the more likely that there
will be errors. Data entry errors, arithmetic calculation errors, missed
punches and exception tracking, breakout of overtime, premium time, shift
differentials, etc.
$
Annual
Projected Savings: We
have a system to help you drastically reduce the cost of payroll data
collection. The system will eliminate most of your payroll problems,
provide you with up to the minute labor cost information and save you
money.