How can I calculate ROI for Accurate Data Transfer?
The simplest way to calculate ROI is to start with the cost of data errors. Analyze three or four typical data errors starting at the moment when the error is noticed. How many people are involved in finding and correcting the error? How many e-mails or letters need to be written to eliminate the error? How long does it take? Add up the time (remember that more than one employee may be involved in the correction process) and multiply by salary (the range of a data entry employee’s hourly salary is typically $14–$22; supervisors and managers cost more.) Some mistakes can be fixed quickly; other mistakes require several people spending hours. What is the average? Don’t be surprised if the cost of correcting data errors in your organization averages fifty dollars or more! And that is the internal cost without calculating the cost of lost customers. If you bring Accurate Data Transfer and Coaching for Accuracy in-house with your own trainers delivering training to 100 employees, the cost p
