In a December 2023 updated report, Ernst & Young (EY) found the average cost per manual data entry made by an HR professional increased to $4.78. Read about EY’s latest findings for more information.
The average American uses seven trees per year in paper products, according to the University of Southern Indiana. Additionally, paper accounts for 70% of all waste in office settings. Since we began cutting down forests, 46% of the Earth’s trees are gone, according to National Geographic.
While we know Captain Planet would be appalled, today’s technology can help reduce that number in offices everywhere. Documents can be distributed through email instead of passing a sheet around the office, and employees can digitally enter their hours rather than use a physical timecard. Tech not only simplifies processes within the workplace; it reduces the major deforestation happening around the world.
It’s up to us
We are in the midst of a fourth “Industrial Revolution,” per Forbes – one centered around the health and wellness of our planet and the people inhabiting it. Technology allows us to understand which human activities negatively affect the Earth, while creating ways for businesses to lessen their carbon footprints by reducing paper usage.
When considering your company’s “green” initiatives, examine what tasks could be completed digitally. Organizations still relying on manual, paper-based HR tasks not only lose money ($4.39 per point of data entry, according to Ernst & Young research), but create a reliance on an increasingly limited resource. Paycom helps reverse this reliance, by driving members of your workforce to clock in and out, request time off, check pay stubs, submit expense reports and more, on their cellphone or desktop computer.
Creating workforce efficiencies and helping the planet through technology? Sounds like a win-win-win for any company.