When looking at the potential annual return on investment from implementing a Time & Attendance system it is important to consider all of the elements that contribute to the total saving; these are:-

Payroll Errors
Some sources quote the payroll processing error rate to be between 1% and 5% of the total payroll cost and figures as high as 8% have been suggested in the past.

In calculating your potential saving in this area, we will assume a very conservative 1% error rate.

It is also worth noting that payroll errors are always ‘one way’ and any underpayments are always brought to the attention of the payroll department.

Administration Cost
It is estimated that it takes a payroll clerk an average of 7 minutes per employee to process a time card. Enter your data below so we can calculate how much it’s costing you just to process your payroll.

Remember that with a Time & Attendance system from Gane International, all the calculations are automatic.

Worked Hours
It has been estimated that the average hourly paid employee is overpaid by 4 hours and 5 minutes per week due to arriving late, leaving early, extended lunch hours, etc, etc, etc.... It is known that the introduction of an automated Time & Attendance system will improve the attendance habits of employees and reduce this figure significantly.

When we calculate the potential savings in this area we’ll assume a nominal reduction in this figure of just 1 hour per week.

Enter the information below to see your potential saving and remember, this is an annual saving: