Professional Resume Template for Software Developers
How eSignature streamlines HR operations, particularly after the COVID outbreak | DrySign
1. How electronic signature streamlines HR operations, particularly after the COVID outbreak
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.
2. How electronic signature streamlines HR operations, particularly after the COVID outbreak
Top challenges faced by HR professionals post-pandemic:
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
3. How electronic signature streamlines HR operations, particularly after the COVID outbreak
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
Given the current market situation, several companies opt for remote working scenarios and
hire employees from remote locations. Using electronic signature software helps HR
professionals efficiently process documents such as offer letters, contracts, onboarding
forms, and more.
Onboarding
Using electronic signatures and documentation, HR professionals can quickly onboard the
hired employees and process essential documents such as non-disclosure agreements
(NDAs), direct deposit forms, and more from anywhere in the world.
Payroll and legal compliance
Incorporating salary changes, updated tax forms collection, and bonus dispersals, everything
has become more accessible, faster, and more accurate with the use of e-signatures.
Moreover, electronic signatures and records facilitate smoother compliance audits.
4. How electronic signature streamlines HR operations, particularly after the COVID outbreak
Resignation or termination
When it comes to relieving any employee from their services, several forms and processes
are involved. Electronic signature has made it easier even in remote working scenarios,
where HR professionals can efficiently sign off exit interviews, provide compensation details,
etc.
Contract renewals and employee benefits
Renewing employee contracts on time and from anywhere has become more convenient
with the help of electronic signatures, digital contract templates, and electronic records. HR
departments deal with a lot of pertinent information; keeping track of this data and
communicating employee benefits to everyone is a time-consuming task. It can be done more
quickly and effectively with e-signatures and records while ensuring security and privacy.
Guidelines for Employers:
Below are the guidelines for employers to integrate effective e-signature practices.
Mention e-signature policy in employee handbook
To avoid future hitches, it is essential to communicate your e-signature policy in writing.
Enforce e-signature laws of the countries or states you do business with
There are certain laws enacted by each country for successful e-signature enablement. Make
sure to enforce those laws in your processes while using electronic signatures.
Ensure no room for loopholes
It is crucial to consider the consent of both parties while electronically signing any contract.
In addition, make sure the signatures are authentic and authorized to avoid any future
disguise.
Make it a group effort
Consider the professional expertise of your company’s legal, business, and technical teams
while incorporating electronic signatures or electronic records in your business operations.
To integrate efficient and legally-compliant e-signatures, it is imperative to have a backup for
software, security and programming issues, and legal needs.
5. How electronic signature streamlines HR operations, particularly after the COVID outbreak
How has DrySign streamlined HR operations after the COVID outbreak?
Electronic signature platforms are becoming more popular in human resource departments
as employers find it highly convenient to manage electronic documents than to deal with
thousands of hard copies. DrySign has a vast range of benefits to offer human resource teams
to streamline their operations. Below are the ways DrySign streamlines HR operations.
Helps in recruiting by effortlessly managing applications, offer letters, or reference
consents
Promotes smooth, hassle-free onboarding with electronic documents such as tax
forms, onboarding forms, employee details, and more
Efficient management of appraisals, approvals, and other actions
Helps with timely payroll records
Facilitates employee satisfaction and retention
Looking at the challenges that documentation causes for human resource management,
organizations must feel the need to go paperless. According to a research report, the digital
signature market is foreseen to reach USD 16.8 billion by 2026. It has been evident that
electronic signatures are here to stay, given the current situation and future scope, and these
numbers confirm it. In this competitive and ever-changing business scenario, DrySign helps
you keep up with the pace of digitization. DrySign provides a secure and smooth electronic
signing experience with numerous features and benefits. Start DrySigning today!
Sources: marketsandmarkets.com | forbes.com
DISCLAIMER: The information on this site is for general information purposes only and is
not intended to serve as legal advice. Laws governing the subject matter may change
quickly, and Exela cannot guarantee that all the information on this site is current or
correct. Should you have specific legal questions about any of the information on this site,
you should consult with a licensed attorney in your area.
START DRYSIGNING