3 steps to strategic HR, part 3

Published June 15, 2022

2 min read

Did you know that low employee engagement costs U.S. companies about $450-550 billion each year?

You don’t want your company to contribute to that statistic! So far, our three-part blog series “3 steps to strategic HR” has covered how grounding HR strategy in an understanding of the business and improving the employee experience can help. Now, read on for your last step to boost employee engagement.

Step 3: Leverage automation and move employees to value-add functions.

Automating mundane, time-consuming tasks and giving employees more valuable roles is another way to be strategic as an HR leader. When companies reallocate employees in alignment with their strategic plans they are twice as likely to outperform other organizations, a McKinsey study found. 

Plus, relieving employees of repetitive tasks can increase their job satisfaction as well. Stats from a global office worker survey support the need for automation to improve the employee experience:

  • On average, respondents reported wasting four and a half hours a week on tasks they believed could be automated.
  • Burdened by time-consuming tasks, 70% of U.S. office workers said they are unable to help customers efficiently.
  • 68% of respondents want their jobs to allow time for learning and implementing new responsibilities.

Once automation is in place to reduce manual tasks, you can assess employees’ skillsets, conduct a gap analysis, and determine what additional training is needed to empower employees to perform more valuable work.

Automating AP can save you time and money, while improving accuracy and efficiency. Learn more here.

Want to review the first two steps to strategic HR? You can read Part 1 and Part 2 of the blog or view this  infographic  for a complete overview.

Published June 15, 2022

2 min read

Related articles

3 min read

A lot has changed since optical character recognition (OCR) was invented. In 1974, the Dow Jones Industrial Average closed at 616, the average cost of a new home was $34,900, and the average cost of a new car was $3,750.

Read now →

3 min read

Held in New York City’s Javits Convention Center from October 29-30, the Finance & Accounting Technology Expo (FATE) brought together finance leaders and technology innovators for two days of learning, networking, and discovery.

Read now →

7 min read

Organizations are always looking for ways to increase their efficiency and agility, especially given how dynamic the business landscape is today. However, the transformation roadmap often overlooks accounts payable (AP) automation.

Read now →

Get started with
OneSource Virtual

The task list for payroll professionals is growing. And so are employee expectations. We help you automate processes.

Reach out
Explore services