The previous generation workforce was happy with a regular 40 hour work week, stable income and an attractive number of annual holidays. They invariably stayed longer in an organization and many of them even stayed in a single company till they retired.

On the contrary, the working style of the millennial workforce is entirely different. They don’t stay in a company for long and are always on look out for newer and exciting opportunities elsewhere.

Companies now have to tempt younger workforce to join them not just with a lucrative package, but also show them an atmosphere for innovation, collaboration, and new ways to make use of their creative self, so that they stay on the company for longer.

One such recent tool to attract and retain employees is Robotic Process Automation (RPA) for accounting firms. Employers believe RPA along with other collaborative technologies like Machine learning and Artificial intelligence for accounting firms can make employees engage in a more meaningful contribution to the company and also facilitate them to be happy and productive.

On the outlook, RPA may look like a technology that dilutes the power of human capital, but the software bots, observes human actions and accomplishes its tasks in a more meaningful way. According to the Future of work survey report, over two-thirds of surveyed Americans — 67.07% — have a positive opinion about intelligent automation. Especially American workforce Millennial showing encouraging vibes about it.

When RPA is used, the employees instead of indulging in routine & mundane tasks, use their capability better, leverage tasks like decision making, customer services, customer relationship and hence are much more satisfied with their job.

Also read : Why is Human Resources a pivotal division to adopt Robotic Automation?

Automation gives employees scope to fully utilize their potential:

Millennial employees like to test their theoretical knowledge at the practical level where their work allows them. If their company doesn’t allow such flexibility, they often feel disheartened and it naturally affects their productivity.

This is where Robotic automation supports the employers where they easily accommodate repetitive tasks and allows the energetic set of the new generation to discharge their energy in many challenging tasks.

Automation help employees to work as cross discipline players:

With routine jobs handled by RPA bots, employees do not work in a single entity or department. They need to collaborate with cross functional team members to accomplish the firms’ objectives. When interaction takes place between teams it instills team spirit, communication skills and motivates to remain with the team due to sharing rapport.

When management introduces robotic automation through getting inputs from the employees, they are empowered directly to share suggestions and problems. As they act as a solution provider, it boosts their morale and firms scale their productivity and work optimization.

Automation gives employees an opportunity to upskill their capabilities:

When the employees realize that the job which they had been performing for years is hijacked by a software bot, it psychologically impairs them. So naturally there is some resistance from employees at the initial stage of automation.

Through Robotic automation, much of the tedious job gets accomplished, leaving the employees to put to better use in complementing their skills sets. Companies that want to retain employees longer, invest in employees' academic and technical knowledge as part of their re-skilling campaign. Employees stay in firms where their employer is ready to invest in their training and development.

Also read : Why there is a need for businesses to automate payroll services:

Summary:

Every new innovation brings their share of diversity and betterment and the human workforce can never be redundant. RPA is one such frontline digital era transformation, and companies now wisely use it to reskill the capabilities of their existing employees, attract new employees and retain them for longer.

We at Integra use robotic process automation along with technologies including artificial intelligence and machine learning to create custom accounting automation solutions for companies. We specialize in robotic automation of the accounting area. We have many ready to use automation solutions built for accounting firms and we also build custom automation solutions for corporates.

Contact us to book a free consultation session with one of our automation experts and explore the possibilities.