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ADP Regional Employment Report: May Job Growth in the South and Northeast Higher than April

ADP Regional Employment Report: May Job Growth in the South and Northeast Higher than April

Jobs Added Numbers Decrease in West and Midwest Private sector employment increased in all four major regions and all nine U.S. Census Bureau Divisions during the month of May 2016, according to the monthly ADP Regional Employment Report®, which is produced by ADP®, a leading global provider of Human Capital Management (HCM) solutions, in collaboration with Moody’s Analytics, Inc.  Broadly distributed to the public each month, free of charge, the ADP Regional Employment Report measures monthly changes in regional nonfarm private employment on a seasonally adjusted basis. “The South rebounded somewhat from a weak April as the loss of good-producing jobs slowed,” said Ahu Yildirmaz, VP and head of the ADP Research Institute®. “The South Atlantic states, North and South Carolina, Florida and Georgia continue to drive growth, picking up the slack from the still struggling Oil Patch states.” On June 2, 2016, the ADP National Employment Report® reported that total U.S. private sector employment increased by 173,000 jobs from April to May. May 2016 Report Highlights Click here...

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Don’t Get Burned by Compliance Overconfidence

Don’t Get Burned by Compliance Overconfidence

Keeping up with tax rules and employment laws can require additional resources and a significant financial investment for businesses. Navigating a vast sea of government regulation can be a challenge for even the most-seasoned captains of industry. Tax rules and employment laws evolve frequently, leaving many businesses in a never-ending game of catch-up, trying to manage compliance and avoid penalties. Since January 2015, Congress enacted 142 new laws, many of which impact businesses that are already dealing with compliance challenges related to the Affordable Care Act and preparing for the upcoming changes to the Fair Labor Standards Act (FLSA) overtime rules. Keeping up with these changes can require additional resources and a significant financial investment. According to Thomson Reuters, 75 percent of compliance leaders expect that managing compliance will require more or much more attention in 2016.  Many expect to commit more resources (both in terms of time and staff) to compliance policies and procedures. For small and midsized businesses with limited resources, trying to manage the seemingly ever-changing...

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ACA Best Practices:  Why You Can’t Take a Vacation From Affordable Care Act Compliance

ACA Best Practices: Why You Can’t Take a Vacation From Affordable Care Act Compliance

Think you can kick back and relax now that your Affordable Care Act (ACA) annual reporting requirements have been signed, sealed, and delivered? Reporting is an annual event – but just the end result of many ACA compliance requirements, issues, and challenges that are evolving quickly. Requirements will change for 2016 and 2017, which makes complacency not an option. As you plan your summer vacation, help make it ACA-stress-free by joining our event at either 11AM or 3PM with other HR and finance execs like yourself to hear about some of the key findings of the past year, what other organizations are doing right… wrong, and then we’ll talk about what’s coming up for the remainder of 2016 and 2017. During this webcast, you will learn: Key findings from the first year of reporting, such as: Many organizations don’t accurately categorize employees – which leads to negative consequences: what do you need to know to make sure this doesn’t happen to you? Gathering the right data is difficult. What...

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ACA Compliance: 3 Strategies For Managing Costs

ACA Compliance: 3 Strategies For Managing Costs

This week, Forbes featured ADP contributor Liz Alton’s article “3 Strategies for Managing Your ACA Compliance Costs.” What options do employers have for controlling Affordable Care Act (ACA) compliance costs in 2016 and the years beyond? How can CHROs work with the rest of the C-suite to establish cost-reducing strategies in other departments to mitigate the effects of more stringent ACA compliance requirements? Check out the article to learn more, and join our upcoming webinar, ACA Best Practices: Why You Can’t Take a Vacation From Affordable Care Act Compliance to hear from our ACA experts. Share this:Click to email (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Google+ (Opens in new window)Share on Facebook (Opens in new...

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A Marathon to 10 Million

A Marathon to 10 Million

You may have heard the phrase, “It’s a marathon, not a sprint.” That can definitely be said of the journey organizations have had in preparing for the first year of the Affordable Care Act (ACA) annual reporting. And American writer and runner Hal Higdon said, “Motivation remains key to the marathon: the motivation to begin; the motivation to continue; the motivation never to quit,” which describes the months of intense time-sensitive work and dedication needed as we were all racing towards the IRS annual reporting deadline of March 31st. In this first year, ADP assisted over 25,000 clients, ranging in size from 50 – 50,000 employees, in managing the ACA eligibility, affordability and IRS reporting for over 16 million employees, including printing and distributing more than 10 million Forms 1095-C. The Form 1095-C provides organizations with documentation they need to demonstrate they are ACA-compliant and provides key information to their employees about their health coverage. And, as a fun fact, if you stacked the 10 million Forms 1095-C ADP...

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