Return on Investment (ROI)
Automated Time & Attendance vs. Manual Calculation
Many companies only consider the potential cost savings from the elimination of
manual calculations, when their total return
on investment is generated from three different areas: reducing processing
time, eliminating human errors in calculation, and preventing time theft.
Your largest savings
may come from hidden costs that may not have been considered. By targeting only
the savings possible by eliminating manual calculations, a small company of only 10 employees
would most likely elect not to purchase. This decision would cost the company
thousands of dollars annually!
Enter your own information into the form below to calculate the approximate amount of money your company would save
Input Variables — Enter Your Information
To be conservative, this study is based upon saving approximately 1.5% of
your gross payroll, however the APA estimates that most companies will save closer to 5%
of gross payroll costs.