Audit Savings:
Studies show that manual totaling of time cards takes approximately six (6) minutes per card each pay period. An automated system reduces that time to one (1) minute!

Number of Empoyees Audit Minutes Saved	100	50	25
On Each Card	5	5	5
Total Minutes Saved Weekly	500	250	125
Converted To Hours	8.3	4.16	2.08
Hourly Pay of Supervisor	$10.50	$10.50	$10.50
Weekly Savings	$87.47	$43.68	$21.87
Annual Savings	$4,548.00	$2,271.00	$1,137.00

Human Error Factor:
Inaccuracy in calculation of time. Studies have shown this to be from 1% to 8%. In this example, it is a very conservative .0025.

Number of Employees	100	50	25
Average Hourly Rate	$6.00	$6.00	$6.00
Average Hours Worked Weekly	40	40	40
Total Weekly Payroll	$24,000.00	$12,000.00	$6,000.00
Human Error Factor	0.0025	0.0025	0.0025
Weekly Savings	$60.00	$30.00	$15.00
Annual Savings	$3,120.00	$1,560.00	$780.00

Lost Time Savings:
Lost time or "Time Theft" savings consist of wages recaptured by the systems automatic rounding and certain restriction capabilities. The average weekly theft (long lunches, breaks, tardiness, intentional missed punches, etc.) is four (4) hours and five (5) minutes, from a study conducted by Robert Half Agencies. To calculate this we assume only 6 minutes each day or ½ hour per week.

Number of Employees	100	50	25
Audit Minutes Saved on Each Card	$6.00	$6.00	$6.00
Total Minutes Saved Weekly	30	30	30
Weekly Savings	$300.00	$150.00	$75.00
Annual Savings	$15,600.00	$7,800.00	$3,900.00

Dollar Savings Possible With Automated Timekeeping:

Number of Employees	100	50	25
Weekly	$447.46	$223.68	$111.87
Annually	$232,683.00	$11,631.00	$5,817.00