Manual Calculation

Before automated timekeeping, employers had to manually add timecards. A complicated task that many don’t think about. Since time is measured in 60ths, adding punched time with a calculator is all but impossible. Studies have shown that manual time card calculation takes a payroll clerk approximately seven minutes per card to total.* That’s one hour a week for every 8.5 employees.

Lost Time

On average 1 out of every 8 time cards is totaled incorrectly, cheating the employer or the employee out of time and money. Studies have shown the average employee is overpaid for 4 hours and 5 minutes each week or 49 minutes per day.* Mostly due to incomplete, illegible, or incorrectly totaled time cards. Even if manual timekeeping only accounts for about 15 minutes a day in overpayment, the cost is substantial.

Human Error

In addition, transposed numbers, misread totals, etc., involved in manual timekeeping cost even more. Studies have shown payroll error factors to be between 1% and 8% of total payroll.*

How many employee’s do you have?

*  Studies conducted annually by the American Payroll Association and Robert Half organization.
** Estimated costs per year based on wages of $7.00 per hour and weekly pay period.
   Actual costs may vary. Additional costs may result.