"U.S.-based companies spend [up to] $35 billion processing (filing, storing and retrieving) paper. Management of documents pushes that figure to $100 billion per year."- International Data Corporation
WHAT ARE YOU SPENDING ON
PAPER-BASED HR DOCUMENT MANAGEMENT?
1.
How many HR staff members do you have?
2.
What percentage of HR's time is spent searching for
documents?
Studies estimate 30% of knowledge workers' time
is
spent
searching for documents. Considering how many
documents
HR manages for each employee, the percentage is
likely
significantly higher.
OSHA
I-9
Hiring and employment records
Payroll records
Timesheets
Employee benefits
Tax records
Safety data
Family medical leave records
COBRA
Credit records
Affirmative action plan/data
Driving test records
ACA records
Sources: Delphi Group, International Data
Corporation,
Paperless Project, The Boston Globe
3.
Average HR employee salary: $
per hour
TIME SPENT SEARCHING FOR DOCUMENTS:
0
hours per year
TOTAL COST:$0per year
What could your HR department accomplish if more time was spent
on strategic initiatives like talent acquisition,
retention and
engagement?
Paycom streamlines and automates HR and payroll tasks across the
entire employee life cycle, all within one easy-to-use
application.
Employee data is stored securely in our cloud-based software,
eliminating the need to house sensitive data in multiple HR
systems
or in paper personnel files. Paycom's Documents and Checklists
tool
offers a full-service solution with the appropriate
accessibility,
flexibility and cost to help you drive organizational
performance.