Time saved value calculator
Before buying a tool or automating a process, price the time it saves. Enter minutes saved, how often the task runs, how many people and the hourly cost.
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Processing and privacy: The result is calculated inside your browser and your data is not sent to any server.
How to use it
- Enter minutes saved each time, times per week, people, hourly cost and working weeks per year.
- The result appears straight away and updates as you edit.
- Copy the result, or copy a link that keeps the same values to share it.
How it is calculated
Hours saved per year = minutes saved × times per week × people × weeks per year ÷ 60. Value = hours × hourly cost.
Example
Inputs: Minutes saved each time = 15 min, Times per week = 10, People = 1, Hourly cost = 60, Working weeks per year = 48. Result: Value saved per year: 7,200.00; Hours saved per year: 120 h; Hours saved per week: 2.5 h.
Limits and caveats
- Saved time only becomes money if it goes into other useful work.
- The cost of the tool or automation is not subtracted; compare it with the result.
Questions about this tool
What do I save by cutting 15 minutes from a task I do 10 times a week?
2.5 hours a week, or 120 hours over 48 weeks. At 60 an hour that is 7,200 a year.
Which hourly cost should I use?
For staff, use their full cost to the company divided by yearly hours. For yourself as a freelancer, use your hourly rate.
How do I decide if a tool is worth it?
If the yearly value of time saved is larger than the subscription and the time spent learning it, it pays back.