


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.

