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Cost Savings Calculator

To obtain a detailed estimate on your potential staffing savings please complete the full cost calculator below.

Note: Pre-populated cells reflect industry averages; type over these pre-populated figures to allow for a more targeted estimate. All shaded cells will self-calculate once you click the calculation button at the bottom of the page.

TechnicalNon-Technical
Total # of Contractors
# of Staffing Vendors Used
Annual Spending on Contractors
Average Hours per Contractor per WeekAverage = 40
Average Bill Rate per hourAverage = $70 & $25
Calculated Blended Bill Rate

Number of Hiring Mgrs
Average Hiring Mgr SalaryAverage = $80,000
Administrative Staff (managing contractors)
Average Administrative SalaryAverage = $45,000
Hiring Mgr Time Spent with ContractorsAverage = 5%
Admin Staff Time Spent with ContractorsAverage = 80%

Hiring Mgr Time Now Spent(assuming 50% reduction)
Administrative Staff Time Now Spent(assuming 75% reduction)
Annual HoursAverage = 2000
Average Processing Cost per InvoiceAverage = $35
Average # of Invoices per monthAverage = 12

Early Pay Discount to be Applied
Volume Discount to be Applied

Total Number of Contractors Used (Annual)
Number of Staffing Vendors Used
Annual Spending on Contractors

Estimated Savings
Total Reduced Administrative Costs
Total Reduced Managerial Costs
Total Reduced Processing Costs

MinimumMaximum
Vendor Consolidation Savings: *
Average Vendor Consolidation Savings
Volume and Early Pay Discounts

Total Estimated Savings (Year One)
Total Estimated Savings Over Three Years

*5-10% for 30 or less vendors; 10-15% for 31-50 vendors; 15-25% for 51-100 vendors, 25-35% for >100