Sunday, September 27, 2009

Plugging the Cash Leaks: Case #2

Automation - The Best Plumber's Helper

CASE # 2 – Human Error

The American Payroll Association estimates that the rate of human error in timecard preparation is between 1% and 8%.

Your overpayment: Therefore, a conservative 2% human error rate on a $12,000 payroll would equal $240.00 in erroneous wages paid per pay period. Moreover, the cost to re-issue correct payroll amounts (if the error is detected and reported) further increases your cost of human error.

Automation eliminates errors saving you an additional $240 per pay period – that’s approximately $950 per month, if you pay weekly!

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