Open enrollment, time tracking, and payroll processing are all made much simpler by cloud-based technologies. However, many businesses continue to obtain employee signatures on papers using a manual procedure.

It takes time and effort to physically have an employee sign a document.

The advantages of electronic signatures are now more important than ever in the age of the digital experience.

Let's discuss electronic signatures in more detail and the benefits of adopting them to improve the employee experience. It's time to start using software for signing documents, if you haven't already.

A quick tip: Although there are many different types of electronic signature software on the market, most of them are either free or paid. Because of this, I would like to recommend that you read the guide about the best alternatives to Docusign. Docusign is the industry leader in e-signatures, as is well known. But because it is so expensive, I thought of this.

5 Benefits of Businesses Using e-Signature

Businesses can streamline their payroll and HR operations by using an e-signature process. Here are some advantages of e-signatures in the workplace.

1. Easy to use for a workforce that is spread out.

When a remote workforce uses e-signature, it makes sure that important documents are signed on time. Employees don't have to come into the office to sign papers. Employers don't have to wait for documents to be signed and sent back. Signatures are secure, checked, and done right away.

This saves employees and HR managers, who may work from home, a lot of time. When businesses use electronic signatures, turnaround time is cut by an average of 80%.

2. Workflows Without Paper

Paper-based tasks can be done automatically, which is another benefit of electronic signing. When businesses replace manual processes with digital ones like e-signatures, their efficiency goes up by 70% to 80%. Your business can automate payroll and human resources processes like:

• Time card approvals
• Reviews of performance
• Property received for employees who work from home
• Handbooks for employees
• Paperwork for a new hire

3. Centralized Document Storage

You gain access to centralized document storage when combined with a cloud-based payroll and HR solution. E-signatures enable businesses to save 86% on document expenditures.

Digital documents kept in a safe, secure online database will replace the stacks of papers currently kept in file cabinets.

4. A better working environment

Self-service applications are more popular among employees since they are practical and offer quick access to information. Employees may electronically sign crucial documents with a few taps and get back to work.

E-signature technology can also streamline the hiring and onboarding procedures. To begin even faster, new hire documentation can be electronically signed by the employee. Your team will be more content and productive when you provide them with tools that make their duties easier.

5. Cost Saving

The culmination of all the advantages we've discussed so far is cost savings. Companies can cut expenditures on paper, printing, postage, mailing supplies, and shipping by using e-signature technology. Although they might not seem like much, these savings pile up over time.

Cost savings can also be calculated over time. An actual document must be prepared, and then you must wait days or even weeks for your employee to sign it.

Businesses that switched to using electronic signatures annually saved 22,000 hours. Consider what else you could achieve if you had that time back.

Signed, Sealed, and Delivered.

Paper documents and wet-ink signatures are archaic in today's digital workforce. Maintaining security, lowering carbon emissions, and boosting productivity are the three key concerns for businesses. Adopting an electronic signature procedure is one way to achieve these objectives.

The advantages of electronic signatures vastly outweigh the justifications for sticking with paper-based procedures. Remote workers are efficient and prompt with their e-signature submissions. HR managers can devote more of their time to strategic objectives like hiring and training programs.

What are you waiting for?

An e-signature is a tool that all businesses may use to their advantage.