Robotic Process Automation HR: Are bots the new super power for the workforce?
Talent's transformation with intelligent automation
This "4th Industrial Revolution" brings with it advancements in emerging technologies, from robotic process automation (RPA) and chatbots, to more sophisticated technologies like artificial intelligence (AI) and machine learning. These highly innovative, incredibly powerful technologies are opening up new business opportunities by streamlining processes and tasks previously performed manually by humans.
Every super hero seems to have a “special power.” For the workforce of the future, could that power be bots?
Considerable investment has been put into emerging technologies, demonstrating how fast moving and significant they are becoming. One study suggests that investment in robotics will double by 2020, growing from $91.5 billion in 2016 to more than $188 billion. We're also seeing greater usage across business lines. Of the 250 "cognitively aware" organizations (early adopters) surveyed in the 2017 Deloitte State of Cognitive Survey, "59 percent are exploring mature cognitive technologies such as RPA."
While the HR function has shown strong interest in some of these technologies, with a number of early adopters, Deloitte's 2017 Human Capital Trends report found that only 17 percent of global HR executives are ready to manage a workforce with people, robots, and AI working side by side. Embracing this new way of working may seem daunting. But the benefits can be significant.
Adapting to “robotic” powers in the workforce
For HR organizations, RPA is a good first step. This robotic technology automates manual, rules-based, and repetitive activities, and it can be implemented via a desktop or in a virtual environment. With RPA, the bots–or software–can gather and collate information, analyze and record data, communicate with users, even anticipate outcomes–interacting with applications just as humans would.
RPA gives HR organizations the capacity to do more with less, and it can help HR move toward an augmented workforce and build capabilities required to manage other "smart" technologies.
Can RPA save the day?
RPA has the potential to transform HR if it's deployed strategically and managed with effective governance processes. By implementing RPA technology, the HR function can reduce some of, if not most, of the repetitive tasks that often consume time from full-time equivalents (FTEs), which can lead to meaningful savings. In fact, we found that almost half of Global Shared Services executives believe RPA will deliver 10 to 20 percent of savings to their respective businesses.
RPA benefits include:
- Cost reduction
- Internal control
- Short payback period
- Refocuses highly skilled people
- Capability & scalability
- 24/7 operations
- Operational speed
RPA can have a substantial impact on an HR organization. And yes, it can "save the day," freeing hours of HR employees' time and finding a way to rise above the grind to deliver a faster, better service to the business.