Evaluating the cost involvedwith Payroll
Acquire a biometric system
≈ ₱ 18,000 - ₱ 25,000
Create your own HR team
≈ ₱ 50,000-300,000 / year
Hire an accountant/benefits manager to
compute your payroll & benefits
≈ ₱ 20,000-60,000 / Month
Buy an HRIS software system
≈ ₱ 75,000
Acquire training support for your HRIS
software system
≈ ₱ 10,000 / User
Buy a server for your HRIS software system
≈ ₱ 50,000
Buy workstations for your HR staff
≈ ₱ 25,000 / Workstation
Acquire IT troubleshooting & support
≈ ₱ 20,000 / Month
Allocate office space for your
HR department
≈ ₱ 15,000-50,000 / Month
≈ is the Estimation Cost
Cost of an employee who is 5 minutes late and leaves 4 minutes early every day :
9 minutes x 260 daysin a working year
=Total of 39 hours
This undeserved paid time really adds up when multiplied by the number of employees
you have that get away with this.
How much is buddy punching costing you?
Cost of Errors
What would be the repercussions if your payroll records for a few days, weeks, or months data were destroyed or lost in an accident?
Is someone on your team checking every change that DOLE releases on payroll specifics on a continual basis? How confident are you that you’re government compliant?
What is the cost associated for the hours it takes your HR team counting and processing manually made excel timesheets? How much could be saved eliminating this?
How long does it take to resolve missing punch cards or errors in time data?
How much time is required to create and maintain your employees schedule that is hand written and checked by employees? How do employees see the frequent changes?
How much time is allocated to filling monthly government remittance forms of employees and bank details for payslips?
ELIMINATE THE COSTSPayrollHero ensures none of these errors cost
your company time and money. Everything listed above is done under your paid plan at a fraction
of the cost. Total annual cost estimation for completing all payroll functions without our service can range between P400,000 to
900,000 a year for companies of smaller size. P1,000,000-4,000,000 a year for
companies of bigger size.
Better Insight, Better Decisions
An employee that makes P80/hour who is late only 1 hr a week times 50 weeks that gets away with it = P4,000 a year
or P334 a month per employee