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® IntelliTime Company Information: City of Sunny Isles Beach, Florida Total#of Employees utilizing system: 300(TMs•sem not be total EEa.out Instead total•or Ea:uamg system) Payroll Frequency: W(Enter w for weeldyunaymess of her pay frequency.Ar calculations should assume weekly, Payroll Person's Hourly Equivalent: $24.00(If paid ta/ama.take annual salary and divide by)Wa) Average hours worked by employee/week: 40(Typal./this me be to less lunch mgr eat,day) Average hourly rate/employee: $21.50(Formosa usngme mte.r a system,ether trough a clock or li evbeeg Total Annual Savings $113,256.00 Return-On-Investment (ROI) Calculator Department Head/Auditor Time Savings Audit Savings Studies have shown that the manual totaling of time cards takes approximately 7 minutes per card.' Automated timekeeping reduces that to 1 minute. Number of employees: 300 Minutes saved auditing each card: x 6 Minutes saved per week: 1800 Minutes /60 Convert to Hours Hours saved per week: 30.00 Hours Department Head/Auditors hourly evuivalent rate x 530.00 Per Hour Department Head/Auditors labor savings $900.00 Per Week ® Improved Accuracy in Calculating the Total Human Error Savings!Studies have shown the inaccuracies caused by human error add up to 1-3%of the total payroll. 'Average hours/employee/week 40 Hours Number of Employees x 300 Employees (Tota!Hours Per Week 12000 Hours Average Hourly Rate x $21.30 Per Hour Total Weekly Payroll $255,600.00 Estimated human error factor(using just.5%) x 0.005 iWeekly Savings $1,278.00 Per Week Number of Schedulers 0 Weekly Scheduling Effort for Overtime Hiring,Leave Posting 11 Hours Managing Grant Tracking,3rd Party Event 538.50 Per Hour for Lt., Sgt. (Weekly Scheduling Labor Savings with IntelliTime $0.00 Audit Savings $900.00 Human Error Savings $1278.00 Scheduling and Billing Labor $0.00 Total Weekly Savings $2,178.00 Total Monthly Savings $8,712.00 !Total Annual Savings $113,256.00 'Investment analysis was compiled by independent outside industry sources,including theAmerican Payroll Association(APA) and Robert Half Agencies.