How Electronic Signature streamlines HR operations, particularly after the COVID outbreak? | DrySign By Exela

 


The COVID-19 outbreak is an unprecedented health crisis that has had adverse effects on the whole world and remains a great uncertainty worldwide. It’s no secret that the COVID-19 pandemic has enforced some significant changes in various industries. How would you describe this challenging time turned out for your business? Well, it has definitely been a game-changer for electronic signature platforms. According to a Forbes survey, the adoption of e-signatures in businesses increased by 50% during the COVID-19 pandemic, and everyday household use grew by 13%. Though electronic signatures played a crucial role in business operations pre-pandemic, the social distancing norms, remote working laws, and guidelines have fast-tracked the need for electronic signatures.

E-signature is one of the most incredible advances in recent years that have benefited the remote working scenario during the pandemic. It also has helped human resource managers to incorporate ingenious solutions for business continuity and employee retention. Undoubtedly, the pandemic has significantly affected Human Resource Management (HRM). Human resource managers have to deal with vital functions such as staffing, training and development, performance management, compensation, safety, and health management. As human resource operations are significantly imperative for business continuity, this must be acknowledged. Below are some of the challenges human resource management practitioners face post the COVID pandemic and how Exela’s DrySign has helped streamline HR operations.

Top challenges faced by HR professionals post-pandemic:

  1. Employees looking for remote work
  2. Decreased recruiting budgets
  3. Continued remote hiring
  4. Employee productivity and job assurance
  5. Employees’ health and safety

Employees looking for remote work
To salvage the situation caused due to the pandemic, organizations are increasingly looking for intelligent operations for business continuity. Moreover, several companies have already asked their employees to return to the workplace. However, remote working has become an employee favorite lately. More people are looking for remote work opportunities, preferring it over working from the office. According to a Forbes report on the remote workforce, 74% of professionals expect remote work to become a standard, and 97% of employees don't want to return to the office full-time. Given these stats, organizations need to review their remote working policies and determine if they assist employee retention.
  

Decreased recruiting budgets
Due to the increased pressure of filling open positions quickly and efficiently, HR professionals need to adopt solutions providing real-time analytics. However, balancing employee satisfaction and retention policies, digital solutions, training and development costs, and efficient remote working is no cakewalk. To make matters worse, 23% of human resource professionals expect their budget to decrease for recruiting technology, while 44% expect no change. Most human resource professionals already find it difficult to operate efficiently under low budgets. And the situation is most likely to worsen in the coming future due to increased challenges and decreased budgets.
  

Continued remote hiring
 Looking at the uncertainty and challenges organizations face, virtual interviews and remote hiring are here to stay. Thankfully, human resource professionals have found a way through it. Despite the disadvantages of remote working from an organizational perspective, it has become more convenient and easier to assess candidates. Though it has been beneficial, recruiting virtually with limited resources and stringent budgets is hard. Moreover, collecting and managing candidates’ data, recruitment documents, policies, and documentation virtually while following remote work guidelines is tedious. It raises the risk of human error and loss of revenue.
  

Employee productivity and job assurance
 Employee productivity is likely to be more crucial for organizations in controlling costs and improving revenue. However, if you wish for more productivity, it is equally important to provide them with job security. An employee is more productive if offered competitive pay, job security, and safety policies. Unfortunately, as organizations are already going through a rough patch due to the COVID outbreak, it has become difficult for human resource professionals to give employees job assurance and maintain employee productivity.
  

Employees’ health and safety
According to the World Health Organization, COVID-19 spreads primarily through respiratory droplets or contact with an infected person. The infection can occur at any place, be it the workplace, during your daily commute, or business-related travel. As a result ensuring employees’ health and safety has become imperative. A survey says that healthcare is one of the top benefits that 69% of employees want. Creating health policies for employees, conducting activities to address mental health, and improving productivity are some of the main challenges that HR Management faces.

Top ways electronic signatures can benefit your HR department:

The Human Resource department acts as the backbone for companies. HR professionals deal with myriad data, and it is crucial to manage and track all the data for efficient working of business operations. Moreover, the challenges have increased for the HR teams since the pandemic. The above-listed challenges demonstrate how hard it is for HR professionals to maintain effectiveness and progress. However, electronic signature platforms have made it more convenient; below are the top ways electronic signatures can benefit your HR department.

  • Hiring and recruitment
  • Onboarding
  • Payroll and legal compliance
  • Resignation or termination
  • Contract renewals and employee benefits

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