A recent Australian Payroll Association Benchmarking Report confirmed the average error rate for ASX100 companies, as a percentage of total payslips, is approximately 0.5%. This suggests that large employers (ASX100) are correcting an average of $3,950,000 of payroll errors annually. How efficient is your payroll?
|Hours per month taken to process payroll|
|$||Hourly rate of person processing a payroll|
|$||Total annual salary cost per payroll (including on costs)|
|$||Annual cost of payroll software and services|