Reducing costs is important. That is why it is essential to understand your Total Cost of Ownership (TCO) around Payroll, Time and Attendance and HR administration. Direct costs are easy to determine, but are you aware of the impact indirect costs have to your bottom line? Chances are you may be spending more than you think.
In PwC’s 2012 Canadian Total Cost of Ownership study, “Exposing the Hidden Cost of Payroll & HR Administration” you will learn about the different costs that increase an organization’s TCO, including three frequently overlooked “hidden costs”: direct labour, indirect labour and systems maintenance costs. These “hidden costs” can result in underestimating your in-house Payroll, Time & Attendance and HR data administration and health & benefits expense by more than 50%.
For nearly a decade, PwC, with the sponsorship of ADP has studied these costs and how to mitigate them. Past studies have focused exclusively on US large and mid-sized organizations. For the first time, this study has been conducted in Canada and measures the total cost of ownership (TCO) for organizations between with 50 to more than 5000 employees.
Exposing the hidden cost of Payroll and HR Administration
A total cost of ownership study
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