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Stable, Steady, and Single: The State of the Health Benefits Market

What is the current state of the health benefits market? ADP’s Christopher Ryan, Vice President for Strategic Advisory Services, highlights the current state of the health benefits market according to ADP’s Annual Health Benefits Report. With the labor market transitioning to accommodate for the influx of millennial workers, the health benefits market is also coming to terms with these changes. Combined with broad changes to health benefits in recent years after the adoption of the Affordable Care Act (ACA), many employers have re-assessed their coverage plans. While many employees have opted into traditional coverage plans, many now look to health savings accounts (HSAs) as a solution. Overall, the data in this year’s report suggests that employer-provided health care plans in the large employer market are stable. Seventy-six percent of those eligible chose to purchase benefits in 2016, and employers are effectively adjusting to changes mandated by the ACA. To learn more, read: Stable, steady, and single: The state of the health benefits market Share this:Click to email (Opens in...

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Time Off, ACA Regulations and Your Small Business Clients

John Haslinger, Vice President of Strategic Advisory Services recently caught up with Taija Sparkman, Assistant Editor of CPA Practice Advisor while they were both at the Midwest Accounting Show, in Chicago, IL on August 23. They discussed how the Affordable Care Act continues to be a challenge for many business owners and how, as a trusted advisor, accountants can help them better understand this complex regulation and its IRS reporting requirements. “There is a real opportunity for accountants to be more consultative in how they approach the ACA with their clients. ACA compliance is a huge burden for businesses with less than 200 employees and they may not have the same resources as larger corporations. By differentiating in services for small businesses and knowing who the key players are in the field, accounting professionals have a real opportunity to provide value-added service to their clients,” said Haslinger. To learn more, read: Time Off, ACA Regulations and Your Small Business Clients Share this:Click to email (Opens in new window)Click to...

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Big Data: The Key to Diversity in the Workplace

Ahu Yildirmaz, Ph.D. Vice President, ADP Research Institute

At ADP, we know that diversity fuels workplace innovation. We also have the data to tell the real story about workplace diversity. That’s why yesterday, we proudly sponsored Data Science and Data Architecture at ADP, an event hosted in conjunction with the NYC Women in Machine Learning and Data Science. Along with our principal data scientist Xiaojing Wang, I joined this community of women pursuing passions for data and machine learning for a provocative talk and engaging discussion. Big data is more than just numbers – it has the power to move the labor market and impact economic policy. Highlighting the ADP Research Institute’s Workforce Vitality Report, I chatted with the audience about how ADP is turning big data into actionable data. Our Workforce Vitality Report, a quarterly measure of wage growth based on the real payroll data of 24 million Americans paid by ADP, provides critical insights on labor market dynamics as well as benchmarks to measure human capital management for individual companies. The WVR sheds light on...

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How Can Startups and Entrepreneurs Compete in the War for Talent? With a PEO

Maria Black

It’s no secret that starting and running a small business is no small feat. Business owners are often pulled in what feels like a million directions — striving to ensure the business is growing, clients are happy, and that they actually get to sleep at night (or at least some nights!). But if you ask many entrepreneurs, they will tell you the one thing they never imagined would be so hard was managing their employees (even if they only have two) and providing the HR and benefits today’s top talent requires. As the workforce continues to undergo significant generational shifts and increasing competition in the war for talent, startups – by sheer nature of their size — are faced with challenges in delivering the attractive benefits that come more easily to larger organizations. As a result, working with a Professional Employer Organization (PEO) is a popular option that many entrepreneurs are considering. ADP TotalSource®, the largest PEO in the United States with more than 400,000 worksite employees, has traditionally...

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ACA Best Practices: Avoiding IRS Penalties – Why Acting Now Can Save You Penalty Dollars Later

Your Forms 1095-C are likely filed and will now be used by the IRS to assess penalties for failing to comply with the Employer Shared Responsibility mandate of the ACA. That’s one MAJOR penalty opportunity scratched off the list. But before you see that assessment, there is a trigger happening now that can alert you to a potential problem: a Marketplace Notice. Early intervention is key when it comes to Marketplace Notices. The sooner you respond, the better chance you have of minimizing their impact. When you receive a Marketplace Notice, it can be concerning – and rightly so knowing they can lead to paperwork and fines depending on the health coverage offered to your full-time employees. If you understand the implications of receiving a notice, you can be ready to handle the situation in the most efficient and cost-effective way possible. But first things first: do you know what this notice is? Will your locations know it if they receive one? And what should you do with it?...

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Celebrating National Payroll Week

At ADP, payroll is nothing new – in fact, it’s something we’ve been helping clients with for over 60 years. And as ADP has evolved, so has the world of payroll. As National Payroll Week comes to a close, it’s a good time to reflect on these changes and see how payroll has become a cornerstone of Human Capital Management (HCM). Hiring your First Employee? Step One: Learn Payroll The truth is most business owners have to do payroll – and unlike ADP, they certainly didn’t go into business because they wanted to do payroll. Increasingly though, getting payroll right is the same as doing good business – for example, wage garnishments represent a risk to employers if not done correctly. For small business owners, this can be a particularly difficult challenge. Visit our Thrive blog, Entrepreneurial Ventures: 3 Founders Tell Their Stories, for inspiration from business leaders on why they went into business. Step Two: Know Your Workforce The workforce is changing as well and while strategies such...

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Why Empowering End Users Is Good For Business

By Scott Groenendal, ADP Senior Director of Product Marketing You might think that linking user experience to the success of your business is a leap. I beg to differ. When employees are empowered with self-service HR tools and a customized user experience, they save time, are more engaged and become more productive. Think about it. What do your employees care about? They want the power to manage their careers, schedule time off, access their payroll information, and easily make benefits selections without depending on someone else to answer their HR questions. They want self-service tools that enable them to take action on their own. This is especially true for employees of multinational corporations. How frustrating would it be to have to call an HR help desk or call center where you may experience time zone, language and other cultural barriers that make it even harder to get your HR questions answered? Today’s global workforce doesn’t want to deal with an intermediary to get answers. They want interactive and visually...

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Then and Now: Evolution Comes in Waves for HR Technology

Long before cloud computing and mobile apps, HR was consistently inundated with piles of paperwork. But with the evolution of HR technology influenced by the internet, recruitment, record keeping and payroll responsibilities have become drastically simplified, efficient and accurate. Jerome Gouvernel, Vice President for ADP’s Product Incubation Group located in Innovation Labs, explains how HR technology has grown from the dawn of the internet to today and gives us a look into the future. Q: How has the evolution of HR technology changed since before the internet? A: How has it not changed? The advancement of HR technology created a fundamental shift from the purpose of transactional recording. When the ADPs and PeopleSofts [of the world] started coming out and being successful, it was really about recording transactions in a standardized manner. Which at the time was revolutionary, because there was actually no way to standardize a new hire. There was no single place where you could transmit information about a new hire. There were multiple systems or a...

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ACA Best Practices: Avoiding IRS penalties – Why Acting Now Can Save You Penalty Dollars Later

Your Forms 1095-C are likely filed and will now be used by the IRS to assess penalties for failing to comply with the Employer Shared Responsibility mandate of the ACA. That’s one MAJOR penalty opportunity scratched off the list. But before you see that assessment, there is a trigger happening now that can alert you to a potential problem: a Marketplace Notice. Early intervention is key when it comes to Marketplace Notices. The sooner you respond, the better chance you have of minimizing their impact. When you receive a Marketplace Notice, it can be concerning – and rightly so knowing they can lead to paperwork and fines depending on the health coverage offered to your full-time employees. If you understand the implications of receiving a notice, you can be ready to handle the situation in the most efficient and cost-effective way possible. But first things first: do you know what this notice is? Will your locations know it if they receive one? And what should you do with it?...

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From Hire to Retire to Compliance? ADP’s CFO on Why Compliance Has Never Been More Important

If it seems like there are a lot of new regulations lately, you’re right. Last year alone, the U.S. Federal Register logged 3,378 final rules and regulations, from the IRS, FLSA and DOL. And many of these regulations impact businesses – and specifically touch at least one aspect of the “hire-to-retire” spectrum. In other words, if your job description includes payroll tax, employment verification services, wage garnishments or benefits administration, your job description should also include compliance. Despite the increasing volume of regulations and potential impact on businesses, there is still a lack of action, and in some cases, understanding, on what needs to be done to comply. Consider these stats: According to ADP research, only 25 percent of small businesses and 50 percent of midsized business are aware of new federal overtime requirements, which are currently set to go into effect on December 1, 2016 via FLSA. For ACA, the ADP Employer Confidence Report found that more than half of midsized companies (52%) and nearly half of large...

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