Payroll & time sheet savings in the construction industry

Wasting time and money on payroll and time keeping

In the fast-paced world of business, every moment and every dollar counts. What if we told you that a simple software solution could not only save you hours of valuable time but also thousands of dollars? At siteHUB, we present a comprehensive range of time and attendance solutions tailored to businesses of all sizes and industries. Our innovative time and attendance software is designed to streamline your operations by replacing manual timesheets with automated processes.

The implementation of a siteHUB time and attendance solution can lead to substantial savings for your business. Not only can it reduce the administrative hours dedicated to payroll, but it can also eliminate payroll errors, inaccurate time reporting, and the issues associated with tardiness and buddy punching.

We understand that investing in new software is a significant decision for any business. Therefore, let's delve into the specifics of how much money you can actually save by adopting a time and attendance solution.

Let's consider a hypothetical scenario:

Business Details:

• Pay periods per year: 52 (weekly)
• Number of employees: 20
• Hourly wage of payroll staff: $25
• Hourly wage of employees: $20
• Number of hours per workweek: 38 hours
• Number of workweeks per year: 50 weeks
• Time spent calculating each time card: 2.5 minutes (estimated time for manual calculation and auditing of each employee's time card or timesheet)
• Time theft per employee per day: 5 minutes (estimated loss of up to 10 minutes per day per employee due to late arrivals, early departures, and extended breaks/lunches)
• Clerical error rate: 1.0% (estimated error rate of 1-8% when manually totaling employee hours)

Benefits of siteHUB:

siteHUB's time and attendance system automates the calculation of employees' work hours, sparing your payroll staff from manual computations.

Time saved annually: 43.33 hours

Annual savings: $1,083.25

The advanced features of siteHUB significantly reduce the risk of clerical errors by automating calculations. This not only prevents incorrect pay but also saves the time and resources required to rectify these errors.

Annual gross payroll: $760,000

Annual savings: $7,600

siteHUB's cutting-edge time and attendance systems employ fingerprint and facial recognition technology, thwarting buddy punching and drastically reducing time wasted. These systems accurately record entry and exit times, ensuring you only pay for actual work hours. We conservatively assume a 50% reduction in time theft per employee per day.

Time saved annually: 250 hours

Annual savings: $5,000

Total Annual Savings: $13,683.25

When you compare these substantial savings to the cost of an affordable siteHUB time and attendance solution, it's clear that your new system will rapidly pay for itself. By choosing siteHUB, not only will you experience increased efficiency, but you'll also enjoy significant cost reductions. Your business's financial well-being is our priority, and our time and attendance solution is here to help you achieve it.