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Potential Savings

Number of Employees

    Based on  

Average Hourly Rate ($)

Accuracy based Losses: Recording, Calculating and Keying. *1

Average Hours Per Week

Time Theft based on X minutes lost per day *2

Number of Pay Periods Per Year

Buddy Punching *3

Total Wage Bill

Hours per week saved Processing Timesheets and keying payroll. *4
Hourly Rate of Person Responsible for Processing Payroll (estimated)      
Potential Cost of using current method