Projected Total Economic Impact of Paycom's Time-Off Requests

This document is a Total Economic Impact™ study commissioned by Paycom and conducted by Forrester Consulting. It examines the potential return on investment (ROI) that organizations may achieve by implementing Paycom's Time-Off Requests featuring GONE. The study outlines how this automation tool can streamline the time-off approval process, reducing manual work for managers, HR staff, and finance personnel. It details the benefits of improved efficiency, including time savings for managers and HR staff, as well as avoided overtime costs due to better staffing management. The report includes insights from interviews with representatives from organizations that have utilized the GONE feature, providing a composite analysis based on their experiences. The findings indicate significant projected financial benefits, including a net present value (NPV) ranging from $13,200 to $105,900 and a projected ROI between 102% and 821%. Additionally, the document discusses the costs associated with the implementation of the tool, including annual fees and training expenses.