A 2010 Department of Labor study revealed that a business could spend as much as $11,500 annually per administrative support person and about $28,500 per manager on simple hard-copy management. For a company of 500 employees, that’s approximately $10 million spent annually in this area. (Based on estimates from: Getting the best out of your contracts: Six ways to improve consistency, confidence and profitability. Cost estimates: Employer Costs for Employee Compensation, December 2010, Bureau of Labor Statistics, US Dept. of Labor.)

Courtesy of Iron Mountain, “When – and Why – to Clean House

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