An EY study of common HR tasks reveals the climbing cost of manual processes. Without the advantage of self-service HR tech, the estimated cost of a single manual HR data entry is $4.86.
When employees interact with HR dozens of times a week, companies could easily lose thousands without self-service HR tech. Every single manual HR task that employees could complete themselves has a price. This infographic explores the cost across nine key categories.
What are the most expensive manual HR tasks?
Simply obtaining or providing information to compare benefit plan options comes in at $23.27 when done manually. Calculating time-off balances by hand and updating employees costs $19.98 per instance.
And these tasks don’t exist in a vacuum. Recording contact information, for example, costs $10.71 per new hire. Therefore, if your company hired 200 people last week, you could incur that cost for each person whose information you entered manually.
How do businesses avoid the cost of manual HR tasks?
It’s simple: automation. But not all HR software is built the same. Employers can’t afford to just trust tech to be a great investment. The ideal tech proves it.
Paycom’s Direct Data Exchange® takes a real-time pulse of employees’ interactions with their self-service HR tech. The tool reports on your current ROI and identifies opportunities to further maximize it.
And with higher employee usage, HR isn’t held back by a mountain of manual tasks. Instead, it can put that reclaimed time back into improving retention, company culture, the employee experience and more.