Time Tracking
Timesheet Benchmarks for Hourly and Contractor Workforces (2024)
Inaccurate time records cost employers 2-5% of gross payroll, and manual timesheet errors can add up to $2,300 per employee annually (per EasyClocking by WorkEasy Software's published ROI risk benchmarks). Across hourly and contractor workforces, the gap between manual time capture and payroll-ready accuracy is measurable and well-documented. This catalog collects the benchmarks that matter most for HR, payroll and operations teams evaluating or replacing manual timesheets and spreadsheets.
Headline Numbers
Inaccurate time records cost 2-5% of gross payroll
This range, published by EasyClocking by WorkEasy Software as an ROI risk benchmark, represents the total exposure from manual timesheet errors, missed punches and unrecorded hours across hourly workforces.
Manual timesheet errors can add up to $2,300 per employee annually
Per EasyClocking by WorkEasy Software's published benchmarks, this figure covers investigation, correction and reprocessing costs tied to timesheet-originated payroll errors.