Return On Investment Calculator
Learn how much money your company could save by installing our Time & Attendance System.
Input figures based on per week.
Step 1: Staff Attendance
How many employees do you have?
What is the average hour rate (£) for your employees?
On average how many shifts do your employees work a week?
On average how many minutes do you estimate are lost per employee / shift? For example on late arrival, early leave or extended breaks
We think that implementing a Tensor T&A system could save 90% of this lost time, but please adjust the slider below to see savings based upon your estimations:
90%
Potential savings on Staff Attendance per week are: £178.12
Step 2: T&A / Payroll Administration
What is the average hourly rate (£) for you T&A admin staff?
On average how many hours are spent a week administering T&A (exceptions, absences, etc)?
What is the average hourly rate (£) for your payroll staff?
On average how many hours are spent a week generating payroll?
What is the average hourly rate (£) for your staff who generate management reports (hours worked, overtime etc)?
On average how many hours are spent a week generating management reports?
We think that implementing a Tensor T&A system could save 75% of your T&A / payroll administration time, but please adjust the slider below to see savings based upon your estimations:
75%
Potential savings on T&A / Payroll Administration per week are: £78.75
Total Weekly Potential Savings£256.87
Potential Savings After Year
| Year 1 | £13,357.24 |
| Year 2 | £26,714.48 |
| Year 3 | £40,071.72 |
| Year 4 | £53,428.96 |
| Year 5 | £66,786.20 |
If you have any questions, or would like to know about our Return On Investment Calculator, please get in touch with a member of the Tensor team via enquiries@tensor.co.uk.
