TimeStar®

TimeStar ROI Calculator

Complete these five simple steps to determine how much you can save with an automated timekeeping system like TimeStar.

Payroll Information

1. Total number of employees in your payroll:
0
300
600
900
1,250
1,500
2,000
2,500
2. Number of annual pay periods (e.g. 52-weekly, 26-biweekly, etc.):
0
12
24
26
52
3. Average hourly pay rate for employees:
0
15
30
50
100
125
150
200
250

Timecard Auditing

Manual processing of employee timecards takes an average of six minutes per card, per pay period according to APA studies. Select a value that fits your experience.

4. Minutes spent on each employee timecard:
0
4
8
12
15
5. Hourly pay rate of payroll clerk:
0
10
15
20
25
35
50
65
80
100
Total hours saved per pay period:
Period savings:
Annual savings:

Human Error Factor

APA studies have shown the typical human error factor in the recording and calculation of labor time is between 1–8 percent, depending on the process. Select an error factor that fits your experience.

6. Select an error factor you would like to assume:
0
4
8
12
15
7. Average hours worked per pay period:
0
40
80
120
160
Total period payroll:
Period savings:
Annual savings:

Lost Time Savings

Employees who sign themselves "in" and "out" typically round up the amount of time entered in their favor. Insperity TimeStar® analysis reveals that this averages about four minutes per employee, per day. What would you estimate is the average at your company?

8. Lost productivity minutes per employee, per day:
0
4
8
12
15
Average wages overpaid daily:
Average wages overpaid weekly:
Total weekly wages recaptured:
Annual recaptured wages:

TimeStar® Savings Summary

Monthly savings:
Total Annual Savings For Your Enterprise:

Get TimeStar® Working For You

  • Easily automate timetracking tasks
  • Enjoy expert training and on-going support
  • Configured to fit your needs
  • Skip costly IT infrastructure