Renewals a year = people × authorisations × (12 ÷ validity in months).
Checks a year = checks before a permit each month × 12.
Hours = (renewals + checks) × minutes per record ÷ 60. Cost = hours × hourly rate.
A check before a permit is counted at the same time standard as a renewal record. If yours is quicker or slower, move the minutes slider.
A full-time equivalent is 2,112 working hours a year: 8 hours × 22 days × 12 months.
The calculation uses only the values you entered. There are no industry benchmarks and no estimate of incident losses in the formula.