Wasted Time OnlineCost Savings Calculator
Use this worksheet to determine how much money your company could save by reducing the amount of time wasted on non-business related Internet activity.
Number of Employees Accessing the Internet:
#
(1)
Number of hours spent online each day, per employee:
hrs
(2)
Average cost (salary, benefits) per employee, per hour:
$
/hr
(3)
Estimated % of time spent online that isn't business related: (Studies have shown 30 to 40 percent of employee Internet activity is non-business related.)
%
(4)
By monitoring your employees' online activity, you should be able to cut that % of time wasted value in half.
Calculate the new % of time spent online that isn't business related:(Line 4) x .5
(5)
Calculate the difference from before & after you began monitoring:(Line 4) - (Line 5) = % time savings
(6)
Calculate the Daily Savings from reducing non-business relatedInternet activity: (Line 1) x (Line 2) x (Line 3) x (Line 6)
(7)
Calculate the number of work-days in a year:(e.g. 5 days x 48 weeks = 240 days)
days
(8)
Calculate the Annual Savings:(Line 7) x (Line 8)