Document Management Calculator
“U.S.-based companies spend $25 - $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 your paper-based HR document management?
How many HR staff do you have?
Percent of HR’s time spent searching for documents:
Based on a 40 hr. work week.
Calculate how much you could be losing on your entire HR staff.
Studies estimate 30% of "knowledge workers'" time is spent searching for documents. Considering how many documents HR manages for each employee, the percentage is probably significantly higher.
Sources: Delphi Group, International Data Corporation, Paperless Projects, & The Boston Globe.
Average HR Employee Salary: $
/hr.
Time Spent Searching
What could your Human Resources department accomplish if more of their time were spent on strategic initiatives like talent acquisition, retention and engagement?
Total Cost:
This number focuses on the cost of paper-based HR document management. However, it does not account for the cost to recover lost documents, which can cost between $350 - $700 per document. When you consider organizations lose a document every 12 seconds, these costs quickly add up.
Source: Paperless Project
Save Time and Money with a Single Application Solution: Paycom empowers employers with one solution for complete human capital management. Employee data is stored in one secure, cloud-based application eliminating the need to store sensitive data in multiple HR systems or in paper personnel files. Paycom’s Document and Task Management tool offers a full-service solution with the appropriate accessibility, flexibility and cost to help you drive organizational performance.
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Document Management Whitepaper
Advance Your HR Functions With Document Management.
Download the whitepaper.
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