Benefits/Savings

Eliminate the headaches of manual payroll calculation with TimeWolf Time and Attendance and turn that administrative headache into profit.

1. Manual Calculation Factor
How long does it take a bookkeeper to manually add up Time and Attendance time cards and calculate overtime?
How much time is spent on the telephone transferring data to a payroll service bureau?
How does this affect your bottom line?

Studies have shown that manual time card calculation takes a payroll clerk approximately seven minutes per card. TimeWolf Time and Attendance system would save you over five hours of time per employee each year, which calculates to over $8,000 per year for a 200-employee company.

2. Lost Time Savings Factor
If you aren't recording time automatically, you could be giving away unauthorized time.

Studies have shown the average employee is overpaid for 4 hours and 5 minutes each week. Assuming automation reduces this lost time by only 12 minutes per day, your savings would be $72,800 for a 200-employee company.

3. Human Error Factor
TimeWolf Time and Attendance System eliminates accuracy errors in reading time cards, transposing numbers, rounding and calculation errors.

Studies have shown payroll error factors to be between 1 and 8% of total payroll. Assume your error factor is at the lowest range of only 1%, you are losing $29,120 each year in a 200-employee company.

Total Savings
The above factors have already saved your company $110,760 per year!

Now add in the factors of telephoning payroll into your service bureau, or paying employees for unscheduled work time. Justification is easy.

$110,760 profit based on a 100 employee company with employees earning an average of $7.00 per hour.
Study conducted annually by the American Payroll Association and Robert Half organization.