Thanks for checking out our "Savings Calculator" 

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We are often asked how much a business could save by eliminating manual systems like paper timesheets and automating the recording of the hours Employees work, so we have created our "Timesheet Cost/Saving Calculator"

To get your copy simply complete the form below or use the chat bot (bottom right of your screen) and we will email a copy to you. 

When you receive the Savings Spreadsheet simply fill in the Yellow fields simply enter the number of staff you have, their average hourly rate, normal hours per pay period and the number periods per year and hit Calculate. You can even print the results so you can refer to it later. 

About Us.....

Here at TimeHub we help businesses like yours reduce the time and cost of tracking employee hours, while also improving the speed and accuracy of your payroll processing.

We do this through our online applications "TimeHub - Time & Attendance" and "MyTimesheets". 

TimeHub records employees time in "real time" using tablets or smartphones as time clocks, whereas MyTimesheets is a mobile optimised, digital timesheet tool which replaces paper time sheets.

Click here to learn more about TimeHub and MyTimesheets here

It would be great to get a few minutes in your diary to look at whether this would be valuable to you?

How did we calculate the savings?

Research (see below) has shown that businesses can save between 2% and 5% on their annual wage bill by improving and automating this critical area of payroll management. It would be great if we were able to do the same for you.

This calculator is based on research carried out by the Robert Half Group and also the American Payroll Association’s study estimating lost time due to buddy clock-punching. It is intended for estimation purposes only and it provides an analysis of what using a manual time and attendance system such as Time Sheets or Punch Clock could be costing your business. We have taken a conservative approach in the factors we have applied. The results for any given business could be lower, but could equally be much higher.
  1. Research shows a potential error rate of between 1-8% of the total payroll in companies that use traditional time sheets or punch clocks.
    We have used an error factor of just 1% in our worksheet.

  2. Research shows, the average weekly "theft" (their term not ours) of time (long lunches and breaks, tardiness, early departures, etc.) is 4 hours and 5 minutes per employee!
    We have based our calculation on recovering just 2 minutes per day of that loss!

  3. Research shows, the average loss as a result of "Buddy Punching" is between 2-5% of total payroll in companies that use traditional timecards.
    We don't believe this is as big an issue in NZ so we have not included a loss factor in our calculation.

  4. Savings per year on time card calculating, reconciling and keying into payroll. Research shows that manual calculation and keying of time cards/sheets takes approximately 5 minutes per card.
    We have used a saving of 1 hour per pay period in our worksheet.