So many people form their ideas about human resources from The Office. Don’t let Toby Flenderson’s bumbling act fool you — HR is an indispensable sector of the corporate world.
HR departments are mostly known for hiring, but they oversee an array of tasks. It takes an average of 42 days and $4,129 to hire an employee. Executives cost nearly $15,000 per hire. A scrappy HR team is motivated to streamline these processes to save time and money. That’s why they’d do well to investigate blockchain-driven applications useful in human resources.
Given enough time, blockchain will leave its fingerprints all over HR departments, from automating payroll to assisting in employee vetting.