On Jan. 2, 2020, Ernst & Young announced the average cost per manual data entry adjusted for inflation (2.7%) in 2020 is $4.51. See this post for more information.
Joe Callender, Ernst and Young executive director of quantitative economics and statistics
Ari Teichman, Ernst and Young senior manager of quantitative economics and statistics
Sam Norman, Paycom executive vice president of sales
According to a 2016 study conducted by HR.com, companies surveyed reported that allowing employees to complete their own human resources tasks through software saves their HR department an average of seven hours a week. A new study from Ernst & Young takes this idea a step further. Performing HR tasks manually or not letting employees enter their own information costs employers an average of $4.39 for every point of data entry.
With the cost of HR tasks becoming more evident and costly in the digital era, what is keeping organizations from making the move to self-service technology? And how can incorporating HR technology streamline processes and save organizations time, money and productivity?
In this episode of HR Break Room®, host Caleb Masters is joined by a panel of experts to discuss:
Learn more about how to transform your organization with self-service technology by reading our How to Lead Digital Initiatives in the Workplace white paper.
HR Break Room is a podcast from your friends working in human resources, dedicated to bringing you interesting break room conversations with experts on the hot topics of HR and HR Technology, one cup of coffee at a time. Hosted by Caleb Masters and Chelsea Justice, HR Break Room is designed to inspire you to harness the power of HR technology to empower your people and organization.