73.2% of time is mostly spent tending administrative tasks, according to a study by G&A Partners. Repetitive and redundant tasks often consume all the time of HR leaders, leaving them very little to focus on something better. This can get better if you introduce Robotic Process Automation or RPA in HR and Payroll.
HR automation has been one of the key aspects of digital transformation during the pandemic. A Deloitte’s Global Human Capital Trends study found that 22 percent of high-performing organizations have already implemented RPA or were in the process.
It was a lifesaver for HR professionals who had to take more roles during the initial months of the pandemic. From managing employee data to allocation of remote infrastructure, RPA helped companies deal with the most turbulent times with the least amount of anomalies.
For those of you who still think that daily HR activities don’t need to get automated and require human intervention one hundred percent, consider these five benefits of RPA in HR and payroll.
Here are 5 benefits of introducing RPA in HR and payroll
#1. Error-free data validation
What is that one thing that keeps you coming back to the same task again and again?
There are so many fields and so many people involved in larger organizations that we often miss or wrongly enter some fields.
Errors in several types of organizational records are commonplace when a human manages them. On the other hand, they are highly uncommon to null, when a machine manages them.
RPA makes organizational records management compliant and error-free, without requiring professionals to cross-check every field.
#2. Lower payroll costs
Management often considers the opportunities of outsourcing the payroll function. While they do it to eliminate errors and security risks, exposing your payroll data to third parties isn’t standard. However, they have a lesser choice considering the complexity and difficulty of the job.
RPA here can wonderfully save a lot of time and money. Using RPA systems for payroll processing improves efficiency, keeps confidential information intact, and manages finance – all while working on a low budget.
#3. Simplifying routine tasks
When we talk of basic HR functions such as hiring, onboarding, resume screening, etc., what is the first thing that comes to your mind? Lots of paperwork, database management, and transcripts, right?
HR managers can use RPA to easily record and process vast amounts of transactional information flawlessly. This would even make processes much faster and jobs easier to accomplish.
#4. Training and performance management
Only an HR would know how much time and investment goes into training employees and assessing their performance. RPA-driven performance management systems can keep employees charged and driven throughout the course of their employment.
#5. Improving overall business value
If you are looking to impress the management and C-level with faster updates and on-time execution, RPA can be your secret weapon. RPA is helping many organizations deliver significant value by driving efficiency and augmenting ROI. Believe it or not, cutting down time-consuming and repetitive tasks will start generating value from the first month itself.