Computerized time recorders slash payroll preparation time

No. of Hours to Annual Cost
Employees Compute: @ 10.00 per hour
50 108 $1,080.00
100 216 $2,160.00
200 433 $4,330.00
400 866 $8,660.00
@ 5 minutes per employee
x 26 pay periods (biweekly)
x employees / 60 minutes


American Payroll Association (APA) claims it takes an average of five minutes to manually add and audit one employee's time card.

Time card calculation errors cost you money

Average No. of Employees
Hourly Rate 50 100 200 400
$6.00 $6,240.00 $12,480.00 $24,960.00 $49,920.00
$8.00 $8,320.00 $16,640.00 $33,280.00 $66,560.00
$10.00 $10,400.00 $20,800.00 $41,600.00 $83,200.00
Formula: No. of Employees
x Hours/wk. (40)
x Weeks/yr. (52)
x Error Factor (.01)
x Average Hourly Rate


APA experts claim that the rate is at least 1%.

Rounding to Schedule

Average No. of Employees
Hourly Rate 50 100 200 400
$6.00 $1,300.00 $2,600.00 $5,200.00 $10,400.00
$8.00 $1,733.33 $3,466.67 $6,933.33 $13,866.67
$10.00 $2,166.67 $4,333.33 $8,666.67 $17,333.33
Formula: No. of employees
x 5 minutes per week
x average hourly rate/60
x no. of weeks in a year (52)


Assumption: Employee clocks in 5 minutes early at least one time a week. By rounding to the beginning of his/her schedule we eliminate 5 minutes of your companies payroll per employee per week.