It’s no secret that customers are a vital part of company success. An equally fundamental and essential part of a booming business is the employees. Companies can differentiate themselves with potential job candidates through their interactions with applicants. Given the fluctuating job market, where health and tech sectors are rapidly growing, small companies are hiring and large companies are laying off, it is more important than ever to gain and retain the strongest employees.
Whitepaper: The Case for Electronic Signature for Human Resources & Staffing
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Share:WHITE PAPER
The Case for Electronic Signatures
for Human Resources & Staffing
“Using DocuSign has solved the headache of getting
employee documents completed and signed. Now the entire
process is fast and easy for us and the signer. And the time-
savings is huge as DocuSign automatic signing reminders
eliminate the need for us to continually follow-up.”
Carrie Robuck, Human Resources
Orscheln
It’s no secret that customers are a vital part of company
success. An equally fundamental and essential part of
a booming business is the employees. Companies can
differentiate themselves with potential job candidates
through their interactions with applicants. Given the
fluctuating job market, where health and tech sectors are
rapidly growing, small companies are hiring and large
companies are laying off, it is more important than ever to
gain and retain the strongest employees.
While there are countless ways to make a strong, positive impression
on your candidates, a surprising—and cost-saving—way to build the
relationship is by using electronic signatures in all your documented
interactions with them.
Bring ‘Em on Board
Despite elevated unemployment rates, it’s not always easy for
a company to find and hire good talent. According to Forrester
research, while unemployment rates are at an average of 10%, within
the tech sectors and related fields its closer to 4%. Baby boomers
are retiring and there is a disconnect between open jobs and viable
candidates, so holding on to the strongest talent you can is more
important than ever—in fact, it’s being christened a “talent shortage.”
In May 2011, the index for recruiting difficulty rose in both service and
manufacturing sectors compared with a year earlier, based on the
LINE employment index. Thus, perception is becoming even more
important when it comes to employers looking to staff up, in order
for them to compete with the industry giants who can offer benefits
and salaries that younger companies cannot. Electronic signatures can
enhance your company’s reputation as an innovative company that
cares about making the lives of employees better.
Timing Is Everything
Time is money—and electronic signatures are the fastest and easiest
way to sign documents, such as offer letters. No paper, no faxing or
scanning and emailing. Electronic signatures show the applicant the
speed and efficiency they can come to expect within your company.
That speed and efficiency when applied to on-boarding also
diminishes the window of time in which your talent can be found by
and lost to another company.
The time consumed by paperwork and signing isn’t solely in the hands
of the potential employee. There are layers upon layers of approvals
required internally in order to finalize your new hire. A process that
could take weeks in a larger company or days in a smaller could
be shrunk to a day or just a few hours with an electronic signature
solution.
The Green Effect
An underappreciated facet of electronic signatures being used
as staffing solutions falls under the “green” umbrella. Electronic
signatures virtually eliminate the need for paper for signing legally-
binding agreements. And according to Time magazine, recent studies
show that generations born after the normalization of recycling don’t
want to work for companies known for polluting practices. Recent
studies by staffing firm Adecco USA show that 33% of workers are
more inclined to work for a green company, and more than 50% of
workers wish their company were more environmentally friendly. So
when it comes to the dividing line between your company and any
other, electronic signatures could be the deciding factor.
Gain and Retain
Electronic signatures speed up the recruiting process while also
reducing administrative time spent on other HR documentation—that
way HR can spend time retaining the employees you’ve gained,
offering a competitive advantage over other companies. After all, in a
2011 survey done by Lumesse, a projected one out of every three
employees are expecting to leave their jobs due to dissatisfaction. A
key way to improve satisfaction is to give employees resources that
help them save time in things like annual open enrollment.