There’s a lot that goes into onboarding a new team member. Well before the orientation meeting, you need to coordinate team introductions, workstation setup, setting software permissions, and so much more.
Missing these steps leads to a slow start for new team members and an increased time-to-contribution average. Without an effective system like Placement Karma, HR professionals spend an average of 11 hours per employee just taking care of onboarding basics.
With the right system in place, the average drops to 5.5 hours per new team member, freeing time for your organization to truly welcome each individual and help them hit the ground running.
Administrative Task Savings
The average HR professional spends five hours of their day on administrative tasks—entering information, ensuring compliance, responding to team member requests, and more. This figure includes the time spent transcribing information recorded on paper to electronic systems.
Providing your team members with cloud-based self-service for some of these tasks can reduce this average to three hours per day, freeing up time for both HR professionals and members of your team to collaborate, focus, and develop professionally.
Time Management Savings
Individuals in your team take an average of three unreported PTO days per year. This might not seem like a lot, but unreported absences impact employee productivity and lead to excess payouts when employees leave the company. With an average employee salary of $22.12 per hour, the cost of three unreported PTO days comes in at $530.77 per year, for person on your team.
Placement Karma software can help eliminate these issues by making it easier to request, calculate, approve, and track these things. Simplifying this process also encourages members of your team to communicate in advance about their time on-station, knowing that it won’t be a waiting game.
Electronic Signature Savings
Implementing electronic signatures with software platforms like Placement Karma saves an average of two hours per document. With an average of 15 documents required during the onboarding process, making this change can save the equivalent of a part-time employee’s workweek, giving you more time to focus on the individuals in your team instead of paperwork.
And as for paperwork, electronic signatures save an average of $300 per new team member in printing, faxing, and copying paper documents. That’s not just better for the environment, but better for your bottom line as well.
SUPPORTING YOUR LONG-TERM SUSTAINABILITY
With the right resources, we know that your business will grow and prosper. We also know that having a full-service HR and process management platform that is affordable and transparent is key! That why we've designed Placement Karma to be a top-tier platform that checks all those important boxes. That’s what makes us the right choice.
Results based on reported averages for HR generalist salary/benefits1, employee salary/benefits, unreported PTO2, time spent on HR-related tasks3, and costs for printing, faxing, scanning, and overnighting documents4.