...such as strategic talent planning, using predictive data to build future scenarios,
nurturing employees, creating exceptional employee experience.
In a recent study conducted by McKinsey Global Institute revealed that 56% of typical “hire-to-retire” tasks could be automated with technology.
1800 HR professionals in Australia and New Zealand were surveyed as part of this study.
One of the overall findings was that “the ability to streamline many day-to-day HR tasks not only boosts productivity and efficiency but also mitigates the risks and costs associated with human error”.
They found that on average it takes a total of 33.4 days to fill a vacant position and $10,500 in costs to do so.
The study pointed out that automation can help HR get back to more value-adding activities such as strategic talent planning, using predictive data to build future scenarios and, of course, nurturing employees and creating exceptional employee experiences.
In its survey results HR professionals where asked to nominate those daily tasks that take up too much of their time relative to the value they deliver. No guesses, recruitment was seen to take up anywhere between 23-33% of a HR persons time.
Of the 8 benefits discussed in regards to HR process automation, the first one was that of streamlining the recruitment process. By doing this it was evident that this reduced time-to-hire, cost-to-hire and provided a seamless candidate experience.
So PREMFA offers part of this very important and talked about solution - give us a call now to discuss further.
References – ELOMO software and “Human Resources in the age of Automation” McKinsey Global Institute, from the Human Resources feed