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ADP National Employment Report Celebrates 10 Years

ADP National Employment Report Celebrates 10 Years

Over the past decade, the U.S. labor market has undergone a variety of changes. We’ve endured a historic recession followed by nearly seven years of recovery and expansion. It has taken 10 years for the labor market to attain full employment again. For the last five years, average monthly job growth has been just about 200K. There’s evidence that wage growth is picking up, consistent with the idea that we’re getting pretty close to full employment. 2016 marks the 10th anniversary of the launch of the ADP National Employment Report®, an essential tool measuring the monthly change in U.S. nonfarm private employment which is distributed free to the public. Since its inception in 2006, the NER has informed the conversation around the economy, become a critical indicator of private sector labor market activity and emerged as a reliable predictor of the government’s jobs report. Using actual, anonymous payroll information of 24 million Americans, ADP is able to draw conclusions about the workforce based on real numbers, not survey data....

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Cultivating Top Talent – American workers are our greatest asset

Cultivating Top Talent – American workers are our greatest asset

Maria Black, President, ADP TotalSource Last week I had the pleasure of participating in a panel on “Cultivating Top Talent” for the SelectUSA Summit. This event — which took place in Washington, D.C. — hosted more than 2,000 global companies, economic development organizations from every corner of the United States, high-level government officials, and others working together to facilitate investment in the United States. There were many things I found quite interesting about this experience, but none more impactful than President Barack Obama’s keynote address. It was a self-proclaimed “sales pitch” about why now more than ever America continues to be the place to invest for many reasons. The top reason I took away, likely since I too consider it to be our country’s greatest asset, is American workers. Here is a brief excerpt from his speech: “If you could choose any place and time to invest your business’s precious resources, I believe you’d choose right here, right now. If you choose a place to expand your portfolio, to...

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Give Me Quick, Easy, Mobile and Definitely Use Video to Find Talent

Give Me Quick, Easy, Mobile and Definitely Use Video to Find Talent

As a small and midsized business owner the concept of resource-constrained is real, especially through the process to hire top talent. Once you’re immersed in a full-blown search for viable candidates, it can be daunting to discover you may be drowning in the candidate pool because you don’t have the proper tools and technology to keep you afloat. You’re not alone. According to a recent study by LinkedIn, 42 percent of small business leaders around the world rank recruiting highly-skilled talent among their top five priorities. Today, recruiting the best to help your company succeed is not only about finding the right people and matching them with a job that will make them feel happy and fulfilled. Now, business owners and job candidates want to use the best technology to go through the process quickly. What constitutes “the best technology?” For most of today’s hiring managers it’s the ability to: Post jobs to multiple job boards at one time. Track and screen all job candidates and interviewer feedback in...

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New FLSA Overtime Rules: Don’t Be Frightened!

New FLSA Overtime Rules: Don’t Be Frightened!

It’s been a few short weeks since the Department of Labor (DOL) announced the final changes to the Fair Labor Standards Act (FLSA) overtime regulations. These are the first major changes to the overtime regulations in more than a decade and could impact more than four million U.S. workers. As business owners come to grips with the fact that these regulations may well have an impact on their bottom line, the questions have been pouring in. What’s interesting is that employers are not just seeking information about the changes to the overtime regulations and what they mean. Many also are trying to determine if they are even in compliance with the current regulations! The new regulations have created a heightened state of awareness and angst for the employer community. Let’s face it: Business owners are busy and employment laws and regulations are not something they focus on regularly. According to ADP research from late 2015, only 25 percent of small business owners and 50 percent of midsized employers were...

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Midsized Business Owners Stressed About Finding and Keeping Top Talent

Midsized Business Owners Stressed About Finding and Keeping Top Talent

  Although midsized businesses added 63,000 jobs in April, some continue to consider talent – finding it, nurturing it, and keeping it – among their biggest concerns. According to the fourth annual ADP Midsized Business Owners Study, nearly half of respondents are extremely or very concerned about the quality of the available workforce, and less than 20 percent are completely confident they have the right tools to find, grow and retain talent. The research found that: Only 15 percent of the people who responded are completely confident they have effective tools to find the best talent. Many say they lack the ability to post to multiple job boards in a single action, and lack tools to find and track passive job seekers. They also report difficulty finding internal talent for open positions. Only 16 percent of the people who responded are completely confident they have effective tools to keep and grow the best talent. Respondents cite the need for tools to help create and maintain development plans for employees,...

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