subject: HR: Save Time and Money with Applicant Supplied Data [print this page] Did you know that, in a recent survey, over 69% of Human Resources professionals said their recruiting/applicant-tracking processes were ineffective and that they were spending too much time on transactions and record-keeping?
An Electronic Application Process can save your business both time and money by letting applicants enter the pre-employment information via the Internet. The information is captured securely and must be valid and legible. This benefit alone reduces phone calls for missing information and data entry errors made by Human Resources staff. An Electronic Application Process replaces the traditional approach to Human Resources administration--costly processes, redundant data management, and paper-based systems.
How can an Electronic Application Process save you time?
Managers and Human Resources staff save time through using an Electronic Application Process. On-demand revisions mean that questions can be updated within secondswithout rewriting, reformatting, and reprinting paper applicationswhile automatic screening means that unqualified applicants can be rejected without the need for manual reviews. Managers gain timely access to the information they need, while Human Resources professionals are left with more time to focus on truly qualified applicants.
Additionally, instead of Human Resources staff entering information, applicants complete and submit their own applications without your office even needing to be open. The Electronic Application Process eliminates duplicate data entry and, when integrated with other systems, can speed up turnaround time exponentially.
How can an Electronic Application Process save you money?
An Electronic Application Process is not just about savings in phone, printing, and postage costs. When you pay the Human Resources department for tasks someone else can do, the old adage is truetime is money. Businesses that invest in an Electronic Application Process are placed in a better economic situation due to monetary savings and technological advantages.
For example, did you know that the cost of recruiting can go as high as 30% of the first year's salary, not including training? An Electronic Application Process reduces these costs through automation and the elimination of wasted time, inefficient processes, and unnecessary expenses. Human Resources professionals acquire greater accountability and can concentrate on recruiting engaged, productive employees.
At the same time, an Electronic Application Process helps limit litigation expenses. Since information is submitted electronically, it is safeguarded against loss or destruction. On-demand changes allow you to stay compliant with federal, state, and location regulation changes, while reporting features enable you to prepare for and prevent privacy violations and discrimination lawsuits.
Overall, implementing an Electronic Application Process opens new possibilities for your business. Instead of acting as transactional workers, your Human Resources professionals will advance strategic business objectives. The Electronic Application Process will adapt to your company's changing business objectives and support the formation of a sustainable business plan.
HR: Save Time and Money with Applicant Supplied Data
