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Gain Insights on Time and Cost-Savings Potential

Take a moment to input your data and discover your estimated annual net benefit from isolved People Cloud.

Financial Benefit

INCREASED PAYROLL PRODUCTIVITY

Why It Matters
By having a single application for human capital management, Nucleus found isolved reduces the effort needed to manage the pay process. Many organizations experienced a 25 to 88% reduction in personnel time devoted to the payroll process mainly due to having pay and time in a single application.
Annual benefit from increased payroll productivity:
$14,030
Financial Benefit

REDUCED EMPLOYEE ONBOARDING AND BENEFITS ADMINISTRATION COST

Why It Matters
Nucleus found the average administrator spends between 45 and 120 minutes processing each new employee activation and up to 3 full work weeks (120 hours) to complete benefit enrollment each year. Organizations can expect to recover between 25 and 75% of this administrator time after deploying isolved.
Annual benefit from reduced benefits and onboarding cost:
$10,300
Financial Benefit

INCREASED PRODUCTIVITY FROM EMPLOYEE SELF-SERVICE

Why It Matters
Human resources staff can spend up to 4 hours per year per employee on transactions that can be addressed through self-service. Nucleus found that by automating employee self-service, organizations can eliminate over 85% of the costs, including the cost for employee time and the cost for manager and human resources time to address the employee inquiry. In addition, organizations noted self-service increased responsiveness to the employee with a corresponding increase in the satisfaction with the organization’s human resources function.
Annual benefit from increased payroll productivity:
$92,755
Financial Benefit

INCREASED MANAGER PRODUCTIVITY

Why It Matters
Although varying by vertical industry, managers can spend a significant portion of their time creating employee work schedules that meet organizational needs while also accounting for employee and labor constraints. Nucleus found automated scheduling can reduce this time by an average of 80%.
Annual benefit from increased payroll productivity:
$323
Financial Benefit

ELIMINATE CURRENT LICENSE AND SUPPORT COST

Why It Matters
Organizations deploying isolved noted they were able to replace existing solutions and avoid specialized printing costs, providing a benefit by eliminating the cost to maintain and upgrade an outdated solution and avoiding future purchases and custom application development to support their existing solution. Nucleus found most organizations deploying isolved eliminated 95% of these current and expected costs.
Annual benefit from eliminating current solutions:
$2,453
Financial Benefit

REDUCED PAYROLL ERROR RATE

Why It Matters
Research by Nucleus analysts found companies with manual time sheets make data entry errors that result in an average overpayment of 1.2% of total payroll costs. Over 95% of this amount can be recovered using an automated time and attendance system.
Annual benefit from reduced payroll errors:
$11,400
Financial Benefit

REDUCED LABOR COST

Why It Matters
Nucleus found organizations using manual scheduling processes increased labor costs by 3 to 6% due to unintentional schedule padding. isolved customers experienced a reduction in labor costs by better configuration and optimization of shift lengths, defining overtime governors and limits, and providing real-time visibility into actual labor vs planned labor.
Annual benefit from reduced labor cost:
$11,400

Average Annual Net Benefit

Direct Benefit 17.7%Indirect Benefit 82.3%
Average Annual Net Benefit:
$142,661

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