Unlock the Benefits of TimeClock 365: Maximize Your Savings
2023-01-01
The financial case for automated time tracking is straightforward: manual timesheets cost money in three ways - payroll errors, time theft, and administrative labor. TimeClock 365 addresses all three.
The Cost of Payroll Errors
The American Payroll Association estimates that manual timesheets have an error rate of 1-8% of total payroll. For a company with $2 million in annual payroll, that's up to $160,000 in annual errors - overpayments, underpayments, and corrections that cost HR time to fix.
The Cost of Time Theft
Studies suggest that time theft (buddy punching, inflated timesheets, extended breaks) costs U.S. employers over $400 billion annually. Biometric verification eliminates buddy punching entirely. For a team of 80 employees, this can recover $3,600 or more per month.
The Cost of Payroll Administration
HR teams using manual timesheets typically spend 6-8 hours on payroll prep per cycle. With TimeClock 365, that drops to under 30 minutes. For an HR manager earning $60,000 per year, that's a direct cost saving of $3,000-4,000 annually - plus the reduction in errors from manual data entry.
The 14-Day Free Trial
Every claim above can be validated during a free trial. Set up TimeClock 365, run one payroll cycle, and compare the time and accuracy against your previous process.