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Number of employees
employees
Number of Pay Periods
12 pay periods
Average Hourly Rate ($)
$10
Hours worked per pay period
Average payroll total
$720000
Hours saved per pay period
90.00
Savings per pay period
$900.00
Minutes Spent Per Timecard for Editing
6 Minutes
Hourly Payrate of The Person Editing Timecards ($)
$10
Error percentage rate (Research suggests an average error rate between 2-4%)
Average time (in minutes) lost per day, per employee
Annual overpaid wages
$156000.00
Average daily wages overpaid
$600.00
Savings per Annum
$23400.00
Average weekly wages overpaid
