This site uses cookies for marketing.
How much is your employees’ time worth?
Calculate your current cost for expense reports.
Hourly cost per employee
×
1.25
×
12 months
/
1,700 hours
Average monthly salary
The white-collar average is €3,500 per month, plus a 25.0% adjustment for non-wage labour costs. The annual wage is divided by work hours per year, which OECD put at 1,700 hours.
×
Time spent on expenses per month
Employees typically spend 1-2 hours per month on their expenses.
×
Number of employees
Total number of employees at the company.
×
Share of employees with expenses
In most companies, 70% to 80% of employees have expenses regularly.
=
Current cost for expenses
per year
per month
Would you prefer a lower number?
This is a back-of-the-envelope calculation. More factors should be considered. For example, expenses create extra work for the finance department and gobble up managers’ time (for approvals). Get in touch if you want to discuss how your company can lower these costs.
