For every HR and payroll task you perform on the employee’s behalf, there’s a dollar amount associated with it that’s subtracted from your bottom line. A study conducted by Ernst & Young (EY) estimates the total costs associated with completing these tasks and the average cost of a single data entry in the absence of self-service HR and payroll tech. This calculator uses EY data to estimate these losses based on the factors you input below.
The number of HR and payroll tasks and associated costs incurred when entering benefits, training, vacation and time-off information for the employee.
The cost of recording new-hire data including I-9, contact, tax, benefits and direct deposit information when employees don’t use HR tech.
The costs associated with completing and submitting expense reimbursements, calculating mileage, approving and denying expenses, and more without employee usage of HR tech.
The costs of unique HR and payroll tasks associated with hourly employees, including completion, submission, collection, organization and verification of time sheets when employees don’t use HR tech.
This calculator is intended for estimation purposes only. It is not intended as legal opinion and should not be substituted for professional legal or tax advice. Calculations are based on data from the Ernst & Young study, Estimated Labor and Non-Labor Costs Associated with Common Human Resources (HR) Functions/Tasks (July 2021).
Paycom streamlines and automates HR and payroll processes across the entire employee life cycle, all within one easy-to-use software. By empowering employees to enter and manage their own HR and payroll information, you help reduce or even eliminate costs associated with manual processes.