An Ernst & Young 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 $4.78.
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 per instance and the grand total of each category’s combined manual costs.
What are the most expensive manual HR tasks?
Simply obtaining or providing information to compare plan options comes in at $21.18 when done manually. Depending on an employee’s needs, something as common as benefits administration could cost nearly $100 per employee. An action as simple as comparing plan options comes in at $20.34 when done manually.
Calculating PTO balances by hand and updating employees costs $19.70 per instance by itself.
And these tasks don’t exist in a vacuum. Recording direct deposit information from new hires, for example, cost $11.48 per instance. Therefore, if your company hired 200 people last week, you could incur that cost for each of those 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 best options prove it.
Paycom’s Direct Data Exchange®, for example, takes a real-time pulse of employees’ interaction with their self-service HR tech. The tool reports on your current ROI and identifies opportunities to maximize it.
And with higher employee usage, HR isn’t held back by a mountain of manual tasks. Instead, they can put back that reclaimed time into improving retention, company culture, the employee experience and more.