How using Attendré
can save you money?
Free sign-in screen customization with your
company's logo.
Studies indicate that on average, over twenty minutes per day
are lost due to long lunch breaks, tardiness, and early departure.
With 255 working days a year, this adds up to 5,100 minutes,
or 85 hours lost per year per employee. How does this affect
your bottom line? Assume you pay an employee $8 an hour, add
to that overhead costs, which we’ll assume to be $2
an hour, and multiply the total by 85 hours per year, and
your total cost is $850. If you have ten employees, then your
cost is $8,500. If you have 20 employees at an average of
$15 an hour, then your extra cost could be as high as $25,500
per year.
In addition to lost time, there is a loss due to mistakes
in manual calculation. Payroll experts say that errors in
manual time computation are between 1 to 8 percent of the
gross annual payroll. So if your annual payroll is $200,000,
errors in manual time reporting can range between $2,000 to
$16,000 per year.
Payroll experts also say that on average, it takes five minutes
to calculate and verify each time card. If your company is
auditing twenty time cards per week, in 50 weeks this adds
up to over 83 hours of work. If your accounting person costs
you $20 per hour, the costs of this auditing is over $1,600
per year. Add to that the amount it takes for people turning
in time sheet to calculate their time, and you end up with
even more costs.
Do the calculations for your business, and find out how much
money you could be saving with Attendré.
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