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" + "Savings Analysis For " + document.roi.company.value + "

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Human Error Factor

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You stated your inaccuracy in calculation of payroll hours by manually adding time cards or time sheets is approximately " + document.roi.error.value + "%." + "

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Number of Employees

" + document.roi.emplnum.value + "

Average Hourly Rate

$" + document.roi.emplwage.value + "

Average Hours Per Week

" + document.roi.hours.value + "

Total Weekly Payroll

$" + doRound(total) + "

Your Estimated Human Error Factor

" + document.roi.error.value + "%


Weekly Savings


$" + newErr + "

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Audit Savings

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Your estimate for manually auditing and entry of time cards takes " + document.roi.audit.value + " minutes per card each week. An automated time and attendance system will reduce that to 1 minute." + "

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Number of Employees

" + document.roi.emplnum.value + "

Audit Minutes Saved

" + Number(document.roi.audit.value - 1) + "

Total Minutes Saved Weekly

" + Number((document.roi.audit.value - 1) * document.roi.emplnum.value) + "

Total Hours Saved Weekly

" + auditHour + "

Rate Of Person Doing Audits

$" + doRound(document.roi.auditwage.value) + "


Audit Person's Labor Savings


$" + auditsave + "

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Lost Time Savings

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Lost time primarily consists of wages recaptured by our rounding and restriction capabilities. To calculate this lost time, you assumed an average of " + document.roi.timelost.value + " minutes per day are lost." + "

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Your Assumed Lost Productivity

" + document.roi.timelost.value + "

Average Employee's Rate

$" + document.roi.emplwage.value + "

Average Wages Overpaid Daily

$" + dailylost + "

Average Wages Overpaid Weekly

$" + weeklost + "


Total Wages Recaptured


$" + weeklost + "

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By Installing A Time Spot System, Your Savings Would Be:

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Total Daily Savings:

$" + daySave + "

Total Weekly Savings:

$" + weekSave + "

Total Monthly Savings:

$" + monthSave + "


Total Annual Savings:


$" + yearSave + "

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Time Spot Inc. A Vitrix Company

ROI

 


Let's See How Much Money You Will Save...

By providing answers to the following questions, your Payroll/Time and Attendance specialist will be able to provide you and your company with an accurate, hard-dollar savings estimate on a monthly and annual basis.

    Survey Questions:

1. Company Name:

2. Contact Name: Fax: E-mail:

3. Number of employees you anticipate using an automated system:

   Employees

4. Average hourly wage rate of employees using the system:

$

5. Average number of hours these employees work per week:

   Hours

6. Time card audit by supervisors & payroll department (average being 7 minutes)?
(Amount of time wasted tracking down people who forgot to punch and/or the time wasted just manually adding the timecards/sheets)

   Minutes

7. Average hourly wage of Time Card auditing personnel?

$

8. Average lost time per employee per day (average being 6 minutes)?
(Example employee could be 2 minutes late for work, take an extra 2 minutes for lunch, and leave 2 minutes early from work)

   Minutes

9. Error factor or accuracy of your payroll (average being 3%)?
(If your payroll department is extremely meticulous, dedicated, and conscientious, your error factor is still a minimum of 1%)

   %

Remember, it is impossible to ever have a 100% accurate payroll if you are still manually adding up time cards or handwritten sheets filled out by your employees.  Even if you are inaccurate by only 1% each pay period, that is costing your company hundreds or thousands of dollars annually.

Why not automate the payroll process?  You will:

  • Save your company a lot of money

  • Save 70% to 80% of your supervisor's and payroll personnel's time

  • Be able to generate reports to operate your company more efficiently