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Discover how an offshore-onshore hybrid collections model achieved 41% monthly savings and increased digital payments by 87%.
For proof of that burden, consider an AON survey of more than 300 small, medium-sized and large companies in the Asia-Pacific region at the dawn of the crisis. Less than half (42%) believed their HR departments were moderately ready to deal with the looming challenges, while 5% went as far as to say they felt completely ill-equipped. Specific challenges included highlighted business continuity planning (67%), implementing flexible work arrangements (64%) and managing employee communication (56%).
And that is without mentioning recruitment itself. A study in the early weeks of 2021 showed 69% of employers were having difficulty filling jobs – a 15-year high – while another survey of senior HR and talent acquisition professionals found half-believed COVID had negatively impacted executive search budgets. One does not need to have a seat at the boardroom table to know organisations have been – and continue to be - under increasing pressure to meet their HR and recruitment needs.
Fortunately, help is at hand and it comes in the form of Robotic Process Automation (RPA), one of the greatest opportunities to sweep the business world in decades. Having once feared a world where robots take the place of human workers, business leaders are increasingly embracing the ground-breaking technology to tackle repetitive and time-consuming tasks and, in turn, allow employees to focus on more productive, higher-value and rewarding activities.
That said, HR has been somewhat slow to embrace the RPA revolution. Deloitte previously declared that “it is time for HR to step up” after finding 22% of the highest-performing organisations were implementing or had implemented RPA for use in HR, compared with just 6% of the lowest-performing organisations. With reports that RPA can deliver 10 times faster employee onboarding and see return on investment in payroll automation after only four months, it is little wonder that hesitancy is falling and more companies are now opening their arms to the power of RPA.
Robotic Process Automation is changing the game across various industries. For example, one of Australia’s leading security companies was encountering significant billing issues due to a surge in security demands on the back of COVID-19 but has since used RPA to save about $80,000 in manual effort costs and achieve an 80% reduction in bad debt/write-offs.
Needless to say, the technology is also improving how HR operations are run via multiple avenues.
One of the greatest problems with back-office processes is they are labour-intensive and too often take human employees away from high-value tasks. Automating time-consuming and tedious tasks reduces the number of hours spent on such activities and frees up HR teams to make more productive use of their time.
People make mistakes – pure and simple. Developing and deploying RPA into the HR process undoubtedly improves the accuracy of data integration and validation processes, especially for those tasks that are heavy on detail and at risk of error when managed by humans.
The days of HR staff being content with sitting in the same mind-numbing job for years, let alone decades are gone. People want to be challenged and feel productive in their roles and automating repetitive tasks frees up precious time for them to spend on more valuable and rewarding work. And just as employee satisfaction will rise, voluntary employee turnover – and the associated financial toll – will fall.
Talent acquisition can be a complex affair, with countless resumes, security screenings, interviews and reference checks needing to be tracked and managed. RPA allows HR teams to streamline such processes and ensure a simpler approach to candidate management.
In an increasingly competitive recruitment world, it is essential that organisations shine when dealing with potential recruits. RPA’s potential to streamline and enhance recruiting processes means candidates are offered positive early insights into a company, which can make all the difference when it comes time to decide whether to accept a position.
Human resource and recruitment staff face a myriad of tasks that can benefit from automation.
Easily one of the most time-consuming tasks on a recruitment officer’s to-do list, CV screening and candidate shortlisting is an obvious choice for RPA. Bots can not only gather and screen resumes and collect online application forms but RPA plug-ins with machine learning capabilities can see them compare candidate data against job requirements.
Verifying a candidate’s employment history is an essential task that can easily be managed by advanced RPA bots. Using such technology, organisations can cross-check the information provided with various data input sources and create reports without physical input. Crucially, the bots can raise alerts for human input when issues are identified.
Why continue to dedicate employee hours on the ongoing management of arranging candidate interviews when calendar-based collaboration software can do so with ease?
Imagine a world where offer letter generation time can be reduced from 15 minutes to one minute. Well, imagine no more as that is the capability of RPA technology that is rewriting the rules on administering offer letters. Creating and distributing such correspondence to new recruits may require employees to spend precious time sourcing company information from various systems and databases but RPA bots can do much faster and error-free.
Commencing a new job may be exciting for a recruit but it signals the start of a long-winded process for HR professionals. Creating new user accounts, email addresses and IT access rights takes time, especially when needing to coordinate and integrate data from various systems. RPA can streamline this process, with user accounts automatically activated from onboarding templates and bots able to make rule-guided decisions on which credentials and documents to assign to which employees/roles.
RPA uses do not end when a recruit is finally sitting at their desk. HR staff will relish the technology’s ability to handle manual tasks such as processing travel and expenses, while their managers will appreciate how it reduces the risk of human error in an environment where every dollar and cent needs to be accounted for.
If there is one HR function that requires strict adherence to accuracy, it is payroll. Mistakes happen but try telling that to an employee who has received less money than they were entitled to or failed to receive a payment at all. RPA bots not only decrease the time spent on payroll but reduce the risk of human error – which means an increase in employee satisfaction and productivity.
While small firms can easily monitor employee attendance and productivity, large companies often face difficulties keeping track of staff movements and performance. RPA bots that cross-check timekeeping records and flag inconsistencies are invaluable for HR staff, while they also help prevent workflow disruptions by identifying major absenteeism and recommending reallocation of resources.
Just as onboarding staff can be a time-consuming process, so too can managing employee exits. RPA can improve this experience for HR teams and departing staff alike by automating tasks such as generating exit documents, conducting exit surveys, revoking system access, tracking collection of company goods and processing final payments.
Companies should never forget that the ‘human’ element lies at the heart of human resources. Physical employees will always have a critical role to play in the field and the better they play that role, the better an organisation’s culture will be. In a modern corporate environment, however, the benefits of RPA are too good to be ignored.
At a time when businesses face more paperwork and compliance than ever before, developing and deploying RPA in HR operations is helping ensure more efficient data management and streamlined processes. It also means staff can step away from mundane tasks that too often account for so much of their time and instead dedicate their efforts to activities that improve not only their job satisfaction but that of the colleagues they are committed to helping.
As an emerging technology, RPA features many nuances and intricacies that can leave newcomers scratching their heads. Learn the facts behind two key documents that every business should be aware of when considering their own automation journey – SDD and PDD.
Technology
From hyperautomation to low-code platforms and increased focus on security, learn about the latest developments shaping the world of automation.
Technology
RPA can create growth opportunities and reduce operational costs but it is not a 'one size fits all' concept. Learn more in this blog here.
Technology
The finance and accounting sector is burdened by repetitive and time-consuming tasks, which is why robotic process automation is ideal...
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