Increase Your ROI with an Integrated HR, Payroll & Benefits Management System
Reduce Administrative Costs While Increasing Efficiency with a Single-Entry, Online HR Solution
Deciding to go with a web-based HRMS isn't just about streamlining your payroll, HR and benefits processes, giving your employees self-service access and eliminating manual entry and duplication in enrollment paperwork. It's also about reducing administrative costs and keeping your organization compliant.
Check Out a Video on HR3 and Learn How to Eliminate Redundant Data Entry
Check Out the ROI Statistics for a Solution that Integrates HR and Benefits Administration
- According to a study by The Cedar Group, which has been studying self-service technology for over a decade, implementation of employee self-service reduces costs by $9.00 per employee per month by eliminating manual, paper-intensive processes.
- According to Risk & Insurance, manual administrative and billing processes can cause a 7% error in premium billing. It is estimated that $5.00 - $15.00 per employee per month can be saved with more accurate insurance premium/claim payment.
- According to CFO.com, the average cost for an HR staff to manually enroll an employee in benefits is $109.48; the average cost for an employee to enroll online via self-service is $21.79 - that's an 80% savings.
CFO.com also compared the cost of other administrative HR tasks when they are manually handled by your HR staff versus through online employee self-service. Check out the savings!
| HR Task | Cost When Handled Manually by HR Staff | Cost Through Online Employee Self-Service |
Savings |
|
| Enroll in Benefits | $109.48 | $21.79 | 80% | |
| Change Contact Info | $12.86 | $3.39 | 74% | |
| Enroll in Training | $17.77 | $4.87 | 73% | |
| Approve a Promotion | $48.64 | $18.26 | 71% | |
| Create Job Requisition | $36.89 | $11.11 | 70% | |
| Change Salary | $44.67 | $18.26 | 59% | |
| Apply for a Job | $21.31 | $11.85 | 44% | |
PrimePay Can Show You How to Streamline Your HR Processes and Improve Your ROI
How Can Your Organization Reduce Administrative Costs for Traditional HR Tasks?
Your organization can save 44%-80% when you give your employees access to online self-service technology for enrolling in benefits, changing their personal information and signing up for training classes. In addition to monetary ROI, implementing online employee self-service at your company also provides these valuable results...
- Reduction in benefits related calls to your HR staff
- Shorter benefits enrollment timelines
- Reduction in enrollment transaction costs
- Elimination of duplicate data entry between HR, payroll & benefits
- Elimination or reduction of paper enrollment packages
- Reduction in billing errors since data is transferred online to benefits carriers
