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“Me” vs. “We”: Employers are Unaware that More Than Half of Their Employees Are Open to Leaving

“Me” vs. “We”: Employers are Unaware that More Than Half of Their Employees Are Open to Leaving

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

The labor market is tightening, wages are on the rise, and while employers may have had the upper-hand in the past, a distinct shift is underway. Employees are now calling the shots. What does this mean for employers and how they attract, retain and engage talent? The ADP Research Institute® (ADPRI) commissioned a new survey to find out. From the results, ADP® developed two papers, “Evolution of Work 2.0; The Me vs. We Mindset,” and “Fixing the Talent Management Disconnect: Employer Perception vs. Employee Reality in the U.S. Midsized Market,” which found employees tend to concentrate on their work environment, look for meaning in their job, and want immediate advancement opportunities (the “me” mindset). Whereas, employers tend to focus on bigger picture areas like financial performance, reputation, and long-term career pathing (the “we” mindset). A strengthening economy opens doors According to the ADP® Workforce Vitality Report, job switching is at an all-time high with about 27 percent of U.S. workers changing jobs on an annual basis. The ADP National...

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Are Employers Ready to Tackle Pay Equity?

Are Employers Ready to Tackle Pay Equity?

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

The Equal Employment Opportunity Commission (EEOC) has expanded its EEO-1 form to require many employers to submit more information and provide greater transparency around their pay practices. Yet, according to ADP’s 2016 Compliance Confidence Study[1], almost half of organizations responded that they weren’t confident in their ability to comply with the EEOC rule by the 2018 deadline. So, if they’re not ready, where should employers start? Examining their payroll and HR data is key. The data collection needed to comply with the EEOC rules can help organizations uncover and analyze inequitable pay practices, which oftentimes exist without their knowledge. In our latest whitepaper on pay equity, ADP outlines a few steps employers can take when getting started with data: Get familiar with the latest EEOC compliance rules – and how reporting needs to change: Starting in March 2018, employers with at least 100 employees (or those with 50 or more employees that have a federal government contract) will be required to submit an expanded EEO-1 form including additional information...

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Bloomberg’s Data for Good Exchange: Using Big Data for the Public Interest

Bloomberg’s Data for Good Exchange: Using Big Data for the Public Interest

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

In America’s dynamic, complex labor market, a clear understanding of economic data is critical to providing policymakers and business leaders with actionable insights. This theme was central to the discussion at Bloomberg’s Data for Good Exchange, an annual conference highlighting the application of data science for public good. With widely-read reports sourced from the payroll data of more than 24 million American workers, ADP was uniquely positioned to discuss how we use our data for good. We already know that big data is revolutionizing the corporate world. Here at ADP, big data allows us to provide better services to more customers, but in the public sphere and non-profit sectors, we’ve yet to fully realize the impact of big data. Sunday’s event featured a lively discussion among fellow researchers, academics, policymakers and NGOs about the role big data can play in better governance. One area in which ADP data can help to fill in these gaps is understanding the dynamics behind wage growth. It is often said that wage growth...

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Big Data: The Key to Diversity in the Workplace

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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U.S. Labor Market Continues to Improve but with Less Buoyancy

U.S. Labor Market Continues to Improve but with Less Buoyancy

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

We have just released the latest ADP Workforce Vitality Report, and it indicates that the labor market maintained its trend of growth in wages in the second quarter of 2016. The U.S. labor market continued to improve in the second quarter of 2016, but is less buoyant than it was at the end of 2015. Gains in the second quarter were driven by growth in hours worked and employment. Tracking the same set of full-time workers gives us a truer picture of wage growth among those who are consistently employed. Full-time job switchers fared better than job holders. Their wage growth rate slowed slightly, whereas holders’ growth rate slowed by more than a percentage point from the previous quarter on a yearly basis. Wage growth on a year-ago basis was moderate largely because of an unfavorable year-ago comparison. The positive trend in wage growth over the past few quarters suggests that wages may finally reflect the tightening labor market. Employers are continuing to provide raises to their workers for...

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