Return On Investment Calculation
Let's See How Much Money You Will Save

Try the Return On Investment Calculator Below

An automated Workforce Management will pay for itself in less than a year! You will dramatically increase your profits by eliminating human error and ensuring that you are only paying your employees for the time that you have them scheduled to work. You will begin to save money almost immediately because an automated solution simply does not make the mistakes that are unavoidable with manual payroll calculation. Eliminating "Time Theft" is perhaps one the most crucial money-savers for mid to large-sized businesses. By enforcing employee schedules and eliminating unauthorized overtime, any size company can realize huge savings for a relatively small expense.

Return = Benefits - Costs

    ROI  Questions:
1. Company Name:
3. Number of employees you anticipate using an automated system:    Employees
4. Average hourly wage rate of employees using the system: $
5. Average number of hours these employees work per week:    Hours
6. 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
7. Average hourly wage of Time Card auditing personnel? $
8. 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
9. 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%)		    %

Remember, it is impossible to ever have a 100% accurate payroll if you are still manually adding up time cards or handwritten sheets filled out by your employees. Even if you are inaccurate by only 1% each pay period, that is costing your company hundreds or thousands of dollars annually.

Why not automate the payroll process? You will:

  1. Save your company a lot of money
  2. Save 70% to 80% of your supervisor's and payroll personnel's time
  3. Be able to generate reports to operate your company more efficiently

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