Savings Calculator
Find out exactly how much your attendance problem is costing you. You will be amazed at how quickly the costs add up!
Enter your information below, then click 'Calculate'
Number of Employees:
Average Employee Hourly Wage:
$
Pay Period:
Weekly
Bi-weekly
Semi-monthly
Monthly
The American Payroll Association shows a Human Calculation Error Rate between 1-8% of total payroll in companies that use traditional timecards. We suggest using a Human Calculation Error Rate of 2% as indicated above.
Human Calculation Error Rate:
%
According to the American Payroll Association, the average weekly Time Theft Labor (long lunches & breaks, tardiness, early leave) is four and a half hours (270 minutes) per employee, per week.
Time Theft Labor Minutes:
Using Timecard Monitor, your total savings will be:
Per Pay Period:
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Per Year:
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