Payroll Savings Calculator
How much could ExakTime save you?
Find out how much you are wasting on paper time cards that you could be saving using our payroll savings calculator.
This is what you’d save by not having to manually calculate and check the accuracy of paper time cards. The American Payroll Association (APA) estimates that these steps take a payroll employee approximately 6 minutes* per time card.
Save this amount by eliminating the human error that goes with paper time cards. The APA reports an error rate of 1-8% of total payroll in companies that use traditional time cards. We used a 3% error factor for this calculation.
Late arrivals, long lunches and early departures cost you time and money. Paper time cards mean you foot the bill. According to the APA, the average weekly “theft” of time is 4 hours and 5 minutes per employee!
Be sure to check out our Fuel Savings Calculator to see what you could be saving in fuel expense and drive-time if you’re still picking up time cards.
*The calculations above are based on data and research from the American Payroll Association.
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