Time & Attendance ROI Calculator
The Time & Attendance ROI Calculator estimates labor cost savings by quantifying department head/auditor time saved auditing timecards, improved payroll accuracy reducing errors, and recaptured wages from decreased employee "time theft," ultimately calculating total weekly, monthly, and annual financial benefits based on user-input variables like number of employees, time saved, hourly rates, payroll error percentages, and average time theft minutes.
Time & Attendance Calculator
Department Head/Auditor Time Savings
- Number of Employees: 10
- Minutes Saved Auditing Each Timecard: 6
- Minutes Saved Per Pay Period
- Total Hours Saved Per Pay Period
- Weeks per Pay Period: Weekly, Bi-Weekly, Semi-Monthly
- Hours Saved Per Week
- Dept. Head/Auditor's Hourly Rate: $40.00/hour
- Dept. Head/Auditor's Weekly Labor Savings
Improved Accuracy in Calculating the Total
- Average Hours Per Employee per Week: 40
- Total Hours Per Week
- Average Hourly Rate: $15.00/hour
- Total Weekly Payroll
- Estimated Error Factor (1-3%): 1%, 2%, 3%
- Weekly Savings
Reduced "Time Theft"
- Average Daily "Time Theft": 3 Minutes, 4 Minutes, 5 Minutes
- Total Minutes Lost Per Day
- Total Hours Lost Per Week
- Average Hourly Rate
- Total Wages Recaptured Per Week
Total Dollar Savings with WorkforceHub
- Dept Head/Auditor Labor Savings
- Improved Accuracy in Calculation of the Total
- Reduced "Time Theft" Savings
- Total Weekly Savings
- Total Monthly Savings
- Total Annual Savings
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