Partner Recruiting ROI Calculator - Swipeclock Use
The Partner Recruiting ROI Calculator for Swipeclock uses various assumptions and user-input variables—such as client numbers, payroll frequency, employee counts, pay rates, error rates, and automation time savings—to estimate annual financial benefits from improved payroll efficiency and accuracy, with customizable versions and payment options available upon consultation.
Partner Recruiting ROI Calculator
Version 1
Assumptions used in calculations:
- % of existing on Swipeclock: 20%
- APA Error Rate: 2.0%
- Average employees per Control: 30
- Average rate of pay: $17.50
- Average hours worked per payroll: 80
- Average mark-up: $3.45
- Average clients added to Swipeclock per year: 5
- Payroll Staff Average hourly rate: $27.50
- Custom ROI will be generated on your initial call with us
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Version 2
The assumptions are built into the calculator showing they will be adjusted on a call.
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Version 3
Clean simple versions, show all results and assumptions on the results page.
See the total benefits of partnering with Swipeclock today! Just enter the numbers below to see how much money you can make!
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Partner Recruiting ROI Calculator
Questions:
- How many clients do you have?
- How many times do you run payroll each month?
- What is your average monthly revenue per client?
- Number of Clients Using Swipeclock
- Number of Payrolls per Year
- Average Annual Revenue per Client (ARR)
Variables
- Target percent of total clients using Swipeclock
- APA Error Rate
- Average Number of Employees Per Client
- Average hourly rate of client employees
- Average hours worked per payroll
- Average mark-up
- Average clients added to Swipeclock per year
- Average hourly rate of payroll staff
- Average number of minutes saved with automation
- Average number of corrections per pay period
- The average cost of a correction
Savings in Improved Efficiency
You will save a minimum of 15 minutes per client per payroll period in improved efficiency including timekeeping automation and payroll system integration.
- Payroll Staff Hours Saved Per Year
- Annual Savings in Improved Efficiency
Savings in Improved Accuracy
You will save a minimum of 1 correction per payroll period per client in improved efficiency at an estimated cost of $115 per error.
- Approximate Number of Corrections Made Each Year
- Estimated cost of finding and fixing errors
Additional Revenue from Extended Retention
The average client using Swipeclock timekeeping with payroll stays an average of 5 years longer, but you start earning every additional year.
- For each year one client stays, you will earn
- One Year of Improved Retention For All Swipeclock Clients
- This increases the total lifetime value of your Swipeclock clients by
Incremental Revenue from Additional Sales
By adding Swipeclock products to your offering, you will increase incremental revenue per employee.
- Annual Incremental Revenue from New and Existing Clients
- Annual Incremental Revenue from New Clients after 3 years
- Annual Incremental Revenue from Existing Clients
- Additional New Client Profit over a 3 year period
Total Annual Additional Value
This is the total value you can achieve by implementing Swipeclock solutions for your clients.
Your Results:
- Annual Savings in Improved Efficiency
- Estimated cost of finding and fixing errors
- One Year of Improved Retention For All Swipeclock Clients
- Annual Incremental Revenue per Target Clients
- Total Annual Additional Value:
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