Preparing information for the payroll is a tedious and not to mention a costly process. Payroll managers spend countless hours each month collecting, tabulating, and entering timecard information. Valuable time is lost and costly mistakes are often made.
Lost Time
Supervisors spend between 5 and 7 minutes checking each timecard & entering in each card into the payroll software.
Human Error
Studies have shown the inaccuracies caused by human error add up to 1 - 8% of the total payroll.
Employee "Time Theft"
The average weekly "theft" (long lunches and breaks, tardiness, early departures) is four hours and five minutes per employee.
How much time and money will IO-Exchange save your company? We want to show you. Just enter the appropriate information into the fields and calculate the savings.
