Benefits of Using Electronic Contracts and E-Signatures in HR Departments
Human Resources are a fundamental part of any organization. HR Departments are responsible for managing these human resources and providing a seamless working experience within an organization.
Processes of HR departments have become more technology-oriented with each passing year. They have shifted from calls and post-its to emails for updates. The shift has helped in creating a smooth and faster way of communication between organizations and their employees. Similarly, shifting to electronic contracts and e-signatures from traditional contracts will also be beneficial for HR departments of any business.
E-contracts and e-signatures are similar to paper-based traditional contracts and signatures we use today. Digital contracts also have the same legal standing as traditional contracts with an added advantage of contracting from Anywhere, Anytime and with Anyone.
Let us look at some major benefits that a Human Resource Personnel can get from switching to E-Signatures and E-Contracts.
Become a Tech-Savvy Organization
India is a young country and millennial of current Gen-Y are more tech-savvy than any in recent decades. When hiring such technology-oriented people, having process digitized gives a good impression. Switching to e-signatures and e-contracts for employment will give a good impression of the company. You can become a more tech-savvy company and attract more millennial to your team.
Be more Environment Conscious Company
Not only are you a more technology-friendly company by adapting to electronic contracts and signatures but you become more environment-friendly as well. We now use papers for each offer letter, employment contract, etc. When you shift to online agreements means, you save trees by forgoing the use of paper for each process. An environmentally conscious employer always has a positive impact on his hires as well as its clients.
Save Time by eliminating Physical Meetings
For a traditional paper agreement, it is necessary for both parties to be present physically to sign a contract. This could be time-consuming as to get both parties it may take back and forth coordination and calls. This might result in a delayed response to hired candidate. But with platforms like feelium e-contracts not only can you create a contract in minutes, you can share, sign and authenticate the same in a couple of seconds as well. E-contracting saves you time by eliminating the need for physical presence for both parties.
Save Expenses on Material Costs
Another benefit of using E-signatures in HR departments is saving on material costs. For creating paper contracts you need not only papers but ink, cartridge, printer, electricity and a human resource who will handle and manage these papers. But when you use e-contracting, you save on these costs and can easily manage and store documents electronically or digitally.
Electronically Sign Legal Documents
To make any contract legally binding each involved party needs to accept it. For this, we require parties to sign a contract to show their consent. One major challenge with handwritten signatures is that either both parties need to be physically present at the same time or contract needs to be shipped from one party to another. But when you switch to Online Contracts, you can just send a contract digitally and sign using e-signatures. Feelium e-contracts offers you a single platform to customize, sign and share legal documents electronically.
Document Management Made Easy
Is it easy to search for an employee’s contract from a pile of papers? Even when we use a filing system for managing multiple documents, the process gets tiring. One needs to search through a stack of papers for a single document. Such management also requires a lot of physical storage as well. But e-contracts solve this problem by providing a single document management system for filing, storing and searching documents. The whole process of document management is simplified and only requires a system and cloud storage.
Complete Documentation Process Digitally
Know-Your-Customer form is becoming a trend today. You can ask employees to send you their documents like mark-sheets, previous employment records, ID proof, etc. directly from feeliumecontract.com. Feelium E-Contract makes contracting easier for both hiring managers and employees. A single platform for contracting and uploading documents simplifies KYC document uploading and sharing.f
These are some of the major benefits of switching to a tech-savvy way of contracting for any business organization and its HR department. You get a One-Stop-Shop for all your contracting needs with Feelium E-Contracts. feeliumecontract.com offers you legal document templates crafted by professionals for all your legal requirements. These are easy to customize as per your need and are signed and shared between contracting parties with just a click.
Contracting was never more easy and fast. Switch to E-contracts and e-signatures to make your Human Resource work more effectively and efficiently.
