See how much you could save with AI-powered HR automation
Manual HR processes cost your business time and money. Discover your potential savings when you automate benefits workflows with 50skills.
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Summary
Today it costs you 23,438 per year to perform this task 1,200 times. By automating and streamlining the process, you could lower costs to 7,678 per year, saving15,760 annually.
Current
With 50skills
Hours per year
600
120
Employee costs
23,438
4,688
50skills Product (USD)
0
2,990
Total
23,438
7,678
Estimated 50skills costs breakdown (in USD)
Today it costs you 23,438 per year to perform this task 1,200 times. By automating and streamlining the process, you could lower costs to 7,678 per year, saving 15,760 annually.
Product
Monthly
Annual
Starter
1
249
2,990
Additional credits ($60 per 1k extra credits)
0
0
0
Total
249
2,990
When adoption rates grows for more use cases
Other similar use cases you could automate (e.g. 4)
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Current
With 50skills
Hours per year
2,400
360
Employee costs
93,750
18,750
50skills Product (USD)
0
11,960
Total
93,750
30,710
Total saved: 63,040
Frequently asked questions
What does the 50skills benefits calculator measure?
It measures the yearly cost of a repeated manual HR task, such as processing benefit applications, and what you could save by automating it. It doesn't value an employee's benefits package. You enter how long the task takes, how often it happens a year, average salary, on-costs such as benefits and taxes, and the share of time you expect to save.
How do you calculate the cost of a manual HR task?
Multiply how long the task takes by how many times it happens a year to get annual hours, then value those hours at average salary plus on-costs such as benefits and taxes. In the 50skills benefits calculator's example, a 30-minute task done 1,200 times a year takes 600 hours and costs about 23,438 a year, based on a $60k salary and 25% on-costs.
How much can automating benefits administration save?
In the calculator's default example, an 80% time saving cuts a 600-hour task to 120 hours a year and employee costs from 23,438 to 4,688, before software costs. In practice, Íslandshótel cut the time spent on employee benefit applications by 80% across its 19 hotels, with cases that took hours now taking as little as five minutes. Enter your own figures for an estimate.
Start automating your HR processes today
Contact us to discuss how 50skills’s digital solutions can improve workflows, simplify compliance, and drive savings across your business.