Trav - Workforce.com - ROI Calculator


Questions	Answer	Estimate confidence	Confindence Rating	Weighting	Score
Organization
What is your organization's total headcount?	4900			-	-
How many front-line Managers work in your organization?	288	High
How many hourly front-line Employees work in your organization?				-	-
What is the average hourly wage of a front-line employee?				-	-
States
Industry
Project
What is the expected implmentation length (months)		Medium		-	-
Current Software Replacement
Do you have a current WFM software system that tracks Time & Attendance?
If so, what is the monthly cost of your current WFM solution (Per Employee Per Month)	$1.00			0	0
Enter any other annualised costs associated with your current WFM solution				0	0
Will you continue to use this software after a new WFM system is implemented? (answer No if not applicable)				0	0
Management Structure
Typically how many employees do your front-line Managers supervise?				0
On average what proportion of a Managers' time is spent: Scheduling employees or Tracking Time and Attendance?				15
What is the average hourly cost of a front-line Manager?				0
Payroll Process
How many Payroll Administrators do you employ?	4			30
How many different pay period cycles do you have?
How often do you run payroll per monthly?				40
Typrically how long does it take to run a single paygroup in hours?				0
Time and Attendance
How often do employees miss their shifts?				0
Is timetheft an issue in your business?
Does your current T&A system send out schedule notifications and reminders to employees?
Typcially what percentage of hours are overtime?				0
Scheduling
Does your organization use algorithmic scheduling?
Would your organization consider using algorithmic scheduling?
What percentage of your front line workers are part time?	50			20
Can Managers currently see wage costs while building schedules?	No			20
How many shifts on average does an employee work in a month?				0
What is the average length of a shift in hours?				0
Compliance
Does your current T&A system have automated complinace rules or warnings based on federal and state regulations?
Do you have unions agreements?
Does your current T&A system indentify breaks that are not compliant with FLSA rules?
Do you currently have a labor compliance specialitist?
If so, does this specialist have control or oversight to ensure most shifts are compliant?
Reporting and data connectivity
Does your current WFM system have reporting functionality?
Does your current WFM system connect with your Point-of-Sales (or similar) system?
Do you currently have the ability to track your labor costs in real-time via a dashboard?
Currently can managers see shift cost estimates while sceduling?
Training
Do you currently train Employees on using your current WFM system?
If so, what is the total time spent on system training in hours?				0	0
Do you currently train Managers on using your current WFM system?
If so, what is the total time spent on system training in hours?				0	0


	Organization
	Expected length of software useage
	Number of hourly employees
	One Time Fees
	Implementation Fee
	Integration Fee
	Estimated travel expenses
	Hardware and Infrastructure Costs
	Other
	Total One Time Fees
	Monthly Reoccuring Fees (per EE)
	SaaS Fee
	Other
	Total Monthly Fees
	Current Software Monthly Fees (per EE)
	Current Software Cost
	Other monthly costs
	Net Costs
	Net Monthly Costs
	Net Annual Costs


Categories	Measure	Value	Score	Expected Return (Per Year)	Expected Return (Per Month)	Expected Return/EE	Confience Estimate	Month Realized	Source
Management Overhead	Time spent on T&A
Payroll Overhead	Time spent on Payroll (hours)
Timetheft	Percetnage Payroll Costs								https://www.tsheets.com/resources/time-attendance-stats#:~:text=Time%20theft%20is%20widespreadAccountants,to%20their%20gross%20payroll%20costs.
Overtime reduction	Percentage of hour overtime
Overstaffing reduction	Industry average
Missed Shifts	Percetnage of shift missed
Manager Training Timesaving	Number of hours spent on training (hours)
Employee Training Timesaving	Number of hours spent on training (hours)
Compliance	Return PEPM
Reporting and Data Connectivity	Return PEPM
Return Total

Month	1	2	3	4	5	6	7	8	9	10	11	12	13	14	15	16	17
Initial Investment
Monthly Cost
Cummulative Costs
Monthly Return
Cummulative Return
Net Return
Cummulative Net Return

		ROI PEPM
Catagories	Measures	Average	High	Low
Administrative Overhead	Manager Timesavings
Administrative Overhead	Payroll Timesavings
Time Keeping	Overtime Reduction
Scheduling optimization	Reduced labor costs from algorithmic scheduling
Attendance	Time-Theft Reduction
Attendance	Improved Attendance
Risk	Compliance Risk Reduction
Training Requirements	Manager Training Timesavings
Training Requirements	Employe Training Timesavings
Reporting and data connectivity	Real-time and informative data
Software Cost	PPM
	ROI PEPM




		ROI Total
Catagories	Measures	Average	High	Low
Administrative Overhead	Manager Timesavings
Administrative Overhead	Payroll Timesavings
Time Keeping	Overtime Reduction
Scheduling optimization	Reduced labor costs from algorithmic scheduling
Attendance	Time-Theft Reduction
Attendance	Improved Attendance
Risk	Compliance Risk Reduction
Training Requirements	Manager Training Timesavings
Training Requirements	Employe Training Timesavings
Reporting and data connectivity	Real-time and informative data
Investment	Total annual Investment
	Annualised ROI