Calculated by a workforce management company for a company with 10 employees paid an average
hourly rate of $ 21.50 for an annual workforce payroll expense of $ 447,200 and based
on a 0.6 % payroll error cost
reduction, a payroll inflation
rate of 0.4 %, losses due to «buddy punching» of 1.0 %, and an attendance management cost
reduction (absenteeism) of 0.45 %.