Time & Attendance Savings Calculator

An automated Time & Attendance System like iSolved Time can quickly pay for itself through elimination of payroll errors, and inaccurate time punches. Use this calculator to see your potential savings:

Payroll preparation is not an easy task and mistakes can be costly. According to IRS statistics, approximately 33% of employers make payroll errors costing them billions of dollars annually in penalties. But that's just the beginning, other problems include:

Inefficent Time

The American Payroll Association shows that the manual calculation of timecards takes approximately 5 minutes per card.

Human Error

The American Payroll Association shows an error rate of between 1-8% of total payroll in companies that use traditional timecards. We will use a 2% error factor to calculate the potential savings.

Overpayment

According to the American Payroll Association, the average weekly "theft" of time (long lunches and breaks, tardiness, early departures, etc.) is 4 hours and 5 minutes per employee per pay period.

How much could you save?