Fad Stats Business Facts & Statistics

Who Knew Paper Could Be So Expensive?

Ever thought of moving towards a paperless office? One look at the following statistics and you may be one-step closer to hopping on the “paperless office train”.

  • An average organization makes 19 copies of every document and it costs them $20 in labor to file each of those documents.
  • An average organization spends $20 in labor to file each document
  • An average organization spends $120 in labor searching for each misfiled document
  • The average employee spends 400 hours per year searching for paper documents. Say you pay each employee $10/hour, that’s $4,000 every year - wasted
  • The average employee spends 15-30 percent of their work time looking for information
  • It costs about $25,000 to fill a four drawer filing cabinet and over $2,100/year to maintain it
  • The average organization spends $2,524 on paper supplies every year (paper, ink cartridge, filing cabinets, cost of occupied space, off-site storage, etc.)
  • The average organization spends $13,300 every year in time associated with lost paper documents (search, retrieval, recreating lost or misplaced documents)

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