Paycom’s Direct Data Exchange® - Take 5

In a July 2021 updated report, Ernst & Young found the average cost per manual data entry made by an HR professional increased from $4.51 to $4.70. See this post for more information.

You know that everything your employees do has a cost. But do you know where you’re paying twice for them to complete the same task? Do you know about the unnecessary administrative burden that keeps HR from creating and implementing company strategies, engaging with employees and addressing critical workforce issues? Many paths exist to help you avoid areas of profit drain, with employee usage of HR technology serving as your compass.

In the first edition of our new segment, An HR Break Room Take 5, we check out Paycom’s revolutionary new tool, Direct Data Exchange, the industry’s first comprehensive look into the efficiencies gained and remaining through employee usage of HR technology.

Host Caleb Masters interviews Ernst & Young analyst Ari Teichman and HR professionals who use Direct Data Exchange to discuss:

• how Direct Data Exchange helps put the human element back in HR
• why employee usage of HR technology is good for business
• the potential savings Direct Data Exchange can offer your organization
• how Direct Data Exchange positively impacts the user experience to increase internal efficiencies