Payroll ROI Calculator

Estimate the ROI of ELMO Payroll using our simple, online calculator. Receive an estimate of the financial savings you could enjoy in a given year by utilising ELMO’s cloud-based Payroll system.

How many employees are there in your organisation? *

What is your typical pay cycle? (Select all that apply)

Weekly

Fortnightly

Bi-Monthly

Monthly

Quarterly

checkbox sum

Estimate the mix of your pay cycle (% splits totalling 100%):

Please ensure the total is equal to 100% or you will be unable to submit this form.

Weekly: *

Fortnightly (every 2nd week): *

Bi-Monthly (2 cycles in a month): *

Monthly: *

Quarterly: *

Total %

Matrix Data

Weekly:

Number of data entry hours:

Fortnightly (Bi-Weekly):

Number of data entry hours:

Bi-Monthly (2 cycles in a month):

Number of data entry hours:

Monthly:

Number of data entry hours:

Quarterly:

Number of data entry hours:

How many hours of data entry is involved per pay period?

Based on the number of employees in your organisation as entered above, the estimated number of data entry hours that would be needed is indicated below:

Weekly: *

Guide =

Fortnightly (every 2nd week): *

Guide =

Bi-Monthly (2 cycles in a month): *

Guide =

Monthly: *

Guide =

Quarterly: *

Guide =

Subtotal

weekly data value cost

fortnightly data value cost

bimonthly data value cost

monthly data value cost

quarterly data value cost

Subtotal

Matrix Error

error matrix output

What is your organisation's payroll error rate (%) per pay period? *

Average = 0.45% error rate. ^[1]

Error Rate Calculations

weekly error rate

fortnightly error rate

bimonthly error rate

monthly error rate

quarterly error rate

error rate value cost

How many days does it take your organisation to complete your payroll process per pay period?

Average weekly pay cycle = 1.9 days. [Fortnightly] payroll cycle = 4.6 days. ^[2]

Weekly: *

Fortnightly (every 2nd week): *

Bi-Monthly (2 cycles in a month): *

Monthly: *

Quarterly: *

Subtotal

weekly complete value cost

fortnightly complete value cost

bimonthly complete value cost

monthly complete value cost

quarterly complete value cost

Subtotal

Matrix enquiry

Weekly:

Number of data entry hours:

Fortnightly (Bi-Weekly):

Number of data entry hours:

Bi-Monthly (2 cycles in a month):

Number of data entry hours:

Monthly:

Number of data entry hours:

Quarterly:

Number of data entry hours:

How many payroll enquiries do you get per pay period?

(Including reviewing payslip information, confirming bank deposit details etc.)
Average = 79 enquiries per year for every 100 employees. ^[3]

Weekly: *

Guide =

Fortnightly (every 2nd week): *

Guide =

Bi-Monthly (2 cycles in a month): *

Guide =

Monthly: *

Guide =

Quarterly: *

Guide =

Subtotal

weekly enquiry value cost

fortnightly enquiry value cost

bimonthly enquiry value cost

monthly enquiry value cost

quarterly enquiry value cost

Subtotal

cost saving 1

cost saving 2

cost saving 3

total cost saving

weekly data days

fortnightly data days

bimonthly data days

monthly data days

quarterly data days

error rate days

weekly complete days

fortnightly complete days

bimonthly complete days

monthly complete days

quarterly complete days

weekly enquiry days

fortnightly enquiry days

bimonthly enquiry days

monthly enquiry days

quarterly enquiry days

total days saved

First Name *

Surname *

Email *

Phone Number *

Company Name *

If you are unable to see a SUBMIT button below, review your inputs to Q2 and ensure the percentages total 100%

Sources:

APA: 2019 Payroll Benchmarking Report
Virginia McMorrow: Mercer Payroll Benchmarking Survey 2015
Bloomberg BNA: Payroll Department Benchmarks and Analysis 2015-2016
Forbes: Mobile Devices, More Than Cost Savings, Drive Cloud Computing: Survey
Payscale: Average Payroll Officer Salary

Disclaimer:

ELMO Cloud HR & Payroll provides this ROI Calculator as a tool to help you explore the potential cost savings that your business could achieve when utilising ELMO Payroll, so that you determine whether to further consider ELMO Payroll for your business. ELMO Payroll ROI Calculator savings are indicative only and are based on a combination of market data as referenced, and your responses to the questions displayed. Actual savings may vary.