Savings Calculator

Company Name: (required field)
Contact Name: (required field)
Telephone Number: (required field)
Email Address: (required field)
No of employee to use the system

(Estimated number of employees to use this system. This should include all remote workers, contractors and employees)

Avg hourly wage rate

(Average hourly wage rate for employees of contractors)

£

Avg number of hours worked

(Amount of hours on average that an employee will undertake per week)

hours
Time sheet processing time by managers and payroll departments (average 8 minutes?)

(Amount of time used for chasing and manually processing time sheets and employees weekly. Includes time for chasing lost and incorrect timesheets)

Minutes
Avg hourly wage rate for payroll department

(Average hourly wage rate for payroll department staff)

£

Avg lost time per employee / contractor per day (average 6 minutes)

(eg. Employee arrives to work 2 minutes late, arrives back from lunch 2 minutes late and leaves work for the day 2 minutes early)

Payroll department error / accuracy factor.

(It is estimated that the standard error factor for payroll department manually is 3%)

%
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