Home About Time Spot Products Professional Services Return on Investment News Support/Feedback Home
Time Spot Inc. A Vitrix Company
Return On InvestmentLost Time SavingsAudit SavingsHuman ErrorAnnual Savings

Audit Savings

A drastic reduction in the amount of time spent calculating time cards results in significant savings for your business. This chart shows just how those savings can add up for even a modest sized business - assuming conservative time savings of only five minutes per time sheet.

Number of Employees 100 500 1000 5000
Rate of Department Head $7.00 $7.00 $7.00 $7.00
Minutes Saved Per Week* 500 2500 5000 15,000
Weekly Labor Savings $60.00 $300.00 $600.00 $3,000.00
Annual Savings $3,120.00 $15,600.00 $31,200.00 $156,000.00

* Studies have shown that manual totaling of time cards takes approximately six minutes per card each pay period.