The Human Error Factor in Manual Time Card Computations

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	Please use our NEW store The Human Error Factor Computations errors can occur in many ways. Simple key entry errors, transposing of numbers, and miss-reading handwritten records combine to make for costly mistakes. Employees will invariably let the employer know when their check comes up short. The American Payroll Association experts claim the rate of manual time card computation error to be at least 1 percent and up to 8 percent of your annual payroll.
Who's looking out for you!	This example based on just a 1% error factor
		Number of Employees
	Average Hourly Rate	*©25*	50	*100*
	$5.25	$2,730.00	$5,460.00	$10,920.00
	$7.00	$3,540.00	$7,280.00	$14,560.00
	$10.00	$5,200.00	$10,400.00	$20,800.00
Formula: (number of employees) X (40 hours per week) X (52 weeks per year) X (average hourly rate) X (1 percent error factor.)
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