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Five Minutes that Costs THOU$AND$ According to studies by the Robert Half Agency, time lost to employee tardiness, early departure, and long lunch breaks, exceeds on average over 20 minutes per day, per employee. |
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This example is based on just 5 minutes per day. |
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Number of Employees |
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|---|---|---|---|
| Avg. Hourly Rate | 25 | 50 | 100 |
| $ 5.25 | $5,312.00 | $10,625.00 | $21,250.00 |
| $ 7.00 | $7,437.00 | $14,875.00 | $29,750.00 |
| $10.00 | $9,562.00 | $19,125.00 | $38,250.00 |
| Formula: (number of employees) X (255 working days per year) X (average hourly rate, with an overhead cost taken equal to hourly rate) |
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