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 price of manual data entry is $4.70.
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 employee and how the expenses affect a 200-person workforce.
What are the most expensive manual HR tasks?
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.
Time management, another common HR function, can easily exceed $100 per employee, depending on their needs. Calculating and updating PTO balances by hand costs $20.01 per worker by itself. For 200 employees, completing the entire process could cost up to $22,446.
And these tasks aren’t just measured annually. If your company conducts quarterly performance reviews, the cost to do so manually could approach $300 a year per employee.
Use our calculator to learn the approximate cost of running your business without self-service HR tech.
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.