Cleaner's, Inc., is switching to paying employees every $2$ weeks rather than weekly and will therefore "skip" $1$ week's pay. The firm has $21$ employees who work a $40-$hour week and earn an average wage of $$14\mathrm{.}80$ per hour. Using a $11\%$ rate of interest, how much will this change save the firm annually?

The annual savings in payroll from the change is $ $($Round to the nearest dollar.$)$