Efficiency Calculator
DIRECTIONS: Always use the TAB key or mouse to move between entry values. For your convenience, some fields will have default values entered. You may change any default value.
1. In the first row, enter your identifying information. This might include your name, department and machine type this analysis covers.
2.The "Direct Labor" rate (hourly pay) is entered next. The "Burden Rate" (hourly overhead expenses) must be in dollars.
3. Enter the "Present Efficiency" of the machines. Enter the remaining variables. All fields in the light green must be entered to perform the calculation. The formulas used for these calculations are shown below.
4. Enter the cost of the MasterTask training system(s) in the blank titled "Training System Cost". Add in the cost of the training time required to complete the course to make sure your analysis is as accurate as possible.
5. Enter the "Estimated Percentage of Efficiency Improvement" in the lower left box. If you would like to see what others are achieving as a reference, click on "Case Studies", then select "Productivity".
CHANGES: To change an entered value, drag over an existing number and enter a new one. The form will automatically recalculate when you TAB to the next field.
RESULTS: The values below the black text are the calculated improvements. The "Annual ROI" represents the return on the training investment you will receive each year. If you have any questions, call 1-800-624-6968.
SAVE: Save your calculations by PRINTING this page.
PRIVACY: To protect your privacy, the values you enter are not stored or transmitted over the internet.