Online Shop
Making your business more profitable
by reducing your labor costs!

 
800-524-2294  •  info@integritime.com

Return on Investment Calculator

There are a number of ways an automated Time & Attendance system can benefit your organization. In order to illustrate the potential fiscal benefits your organization may realize, we've created a quick ROI calculator.


Number of Employees
Payroll Frequency
(payroll periods per year)
Average Hours
(per employee per week)
Average Hourly Rate
(per employee)
Average Hourly Rate
(per payroll manager)

It is estimated that your organization can save substantially in three primary areas because installing an Attendance Enterprise System from IntegriTime will virtually eliminate the following errors:


Manual Calculation
Error Factors
Lost Time

Total

Based on the inputs provided, we project that your organization will achieve a complete return on investment and will see increased savings over the next year.

Payback
(in months)
Additional Savings
(from increased efficiencies)

Feel free to modify any of the following variables. Our assumptions are based on the American Payroll Association and organizations like Robert Half & Associates who have done studies related to error rates, efficiencies and payroll costs corresponding to converting from a manual to an automated system.


Minutes per employee
(to calculate payroll)
Computational error rate
(historically 1-5%)
Reclaimed minutes
(per employee per day)
Employee work weeks
(yearly)
Cost of new system
(automated time management)
Our solutions
trusted by:
Privacy Statement  •   Terms Of Use  •   Copyright 2010 by IntegriTime Solutions, Inc.
By Pivocom