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Cost Savings Calculator

Analyze cost savings for a single workgroup, job classification or your entire organization.
1. Hourly Wage 2. Tax & Benefit Factor 3. No. of Employees 4. Hours Saved Per Month 5. Monthly Fee for OfficeSeries TimeCard Monthly Labor Savings Annual Net Savings
$6,475.00 $13,000.00 $78,300.00
  1. Enter average hourly wage.
  2. Enter percentage factor for employer taxes and benefits.
  3. Enter number of employees.
  4. Enter the estimated average number of hours saved per employee by using OfficeSeries TimeCard.

Consider office productivity savings resulting from:

  • Elimination of manual time sheet distribution and handling.
  • Automatic routing of timesheet requests and approvals.
  • Time saved from automatic and custom time sheet reports for verfication, analysis of employee time, projects, and tasks.
  • Significant reduction of timesheet errors and data omissions.
  • Valuable manager time to review, approve, prepare management reports, analyze projects and tasks.

Default employer cost factor of 30 percent for taxes and benefits is a conservative figure derived form U.S. Department of Labor, Bureau of Labor Statistics.   Employer cost factors vary by job classification, geographic region and specific employers.   Consult your organization's Human Resource or Payroll Department for accurate factors to calculate the full financial benefit of our service to you.
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