In a recent article by HR Leader, the Randstad Enterprise Talent report revealed that a vast majority of talent leaders (86%) agree that AI and big data are revolutionising all areas of talent management. This technological advancement has prompted three in five (61%) to plan for expanded budgets in AI, machine learning, and automation. This underlines the urgency to adopt new technologies to meet organisational goals.
Although HR leaders are enthusiastic about embracing these technologies, seven in 10 (69%) express concerns that the pace of technological advancement is hard to keep up with. Navigating these new technologies can be daunting for those who aren’t tech savvy. However instead of continuing with traditional, manual processes, it's crucial to understand the benefits and explore the endless possibilities, particularly in the realm of compliance.
Key Challenges of Manual Compliance Administration
Compliance is a critical component of recruitment and onboarding, and remains an ongoing employment responsibility quite often associated with significant administration and overhead. Almost two-thirds (65%) of corporate risk and compliance professionals surveyed acknowledged that leveraging technology to streamline and automate manual compliance processes would help reduce operational cost and risk associated with non-compliance, according to the Key Budget, Staffing and Spending Trends for Compliance in 2023 report by Gartner.
WorkPro’s study of candidate preferences and sentiments, It's Not Me, It's You: Challenging the Status Quo of Australia's Hiring, confirms job seekers prefer a quick recruitment process. Out of 2000 candidates surveyed, almost half (44.4%) are not willing to wait more than one-week post-interview for a decision, and over half (57.4%) received an offer in less than two weeks from application.
Managing workforce compliance manually presents significant challenges, including:
Benefits of Automated Compliance Solutions
Looking at transitioning from a manual to automated process can be overwhelming, so our advice is to take tentative steps towards digitisation and automation. This can be done by mapping and documenting your current processes and procedures, and prioritising those ‘quick wins’. This gives you and your team the opportunity to explore the possibilities and measure the impact of each stage for your internal stakeholders and candidates. Taking a staged approach and solving each component of your processes will allow you to gain real time insights, and measure success each step of the way.
The transition to integrated, automated compliance solutions using a solution such as WorkPro, enables a more efficient, and accurate compliance management process. This evolution supports improved compliance administration, reduces risk, aggregates all compliance data for easy tracking and management, and significantly enhances the candidate experience by making the hiring process quicker and more seamless.
Here’s how automated compliance solutions like WorkPro transform the landscape:
Statistics from Navex Global's 2023 Definitive Risk & Compliance Benchmark Report reinforces these points, with roughly 1 in 5 respondents identifying the following reasons for adopting automation and technology solutions:
Simplify Your Workload with WorkPro
A unified, automated compliance solution like WorkPro simplifies the compliance landscape, reduces errors, and enhances workforce agility. By streamlining processes, we’ve been able to offer businesses a more robust, reliable, and scalable solution for job-readiness and overall workforce management. So, embrace the changing landscape - contact us today and let us help you work smarter, not harder.
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