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Which Hat is it Today? ADP Study Finds 1.5 Million U.S. Small Businesses Spend Billions to Manage HR as an ‘Ad Hoc’ Function, Increasing Business Risk

Which Hat is it Today? ADP Study Finds 1.5 Million U.S. Small Businesses Spend Billions to Manage HR as an ‘Ad Hoc’ Function, Increasing Business Risk

By Brian Michaud, Senior Vice President, ADP TotalSource® Small business owners and their employees wear a lot of hats. One day it’s sales maven, the next it’s marketing guru or back-office ace. It seems to be the nature of the beast. But that approach – especially for small business owners who already push the boundaries of a 24-hour day with limited resources – has a startling downside and tangible hidden cost, according to a recent ADP® study. The study indicates that as many as 70 percent of small businesses in the United States – which equates to potentially 1.5 million of them – handle the human resources (HR) function with staff members who manage it on an “ad-hoc” basis in addition to their primary job. The study also shows that these ad-hoc HR managers spend more than 13 hours a week on average on human resources tasks, taking significant time away from their core responsibilities. Based on this time spent and the average wage of a small business employee,...

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ADP Convenes Economic Experts for First “State of the Labor Market Summit”

ADP Convenes Economic Experts for First “State of the Labor Market Summit”

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

The U.S. labor market is at a critical inflection point. It is nearing full employment, top talent is becoming scarce and job switching is at an all-time high. Now more than ever it is important that business leaders, policymakers and the public have greater transparency into how the labor market is performing. That’s why we use our deep empirical data to share labor market insights like our monthly National Employment Report and quarterly Workforce Vitality Report, to provide a clear look at job and wage dynamics. It’s also why we have shared our data with a team of some of the brightest minds in labor economics who have used it for their own in-depth research into the labor market and we convened this group at a new event – the ADP Research Institute State of the Labor Market Summit 2017. The ADP Research Institute State of the Labor Market Summit 2017, hosted at the Nasdaq MarketSite, brought top experts together to explore overall trends in the labor market and...

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Business Insider Leverages the ADP Workforce Vitality Report to Show that Job Switchers Earn More Money

Business Insider Leverages the ADP Workforce Vitality Report to Show that Job Switchers Earn More Money

Business Insider has published an article titled, “The key to earning more money may be switching jobs — and this chart proves it,” which utilizes ADP Workforce Vitality Report data to highlight how job switchers often fair better than job holders when it comes to wage growth. “Employees who changed jobs earned about 1% more year-over-year than those who stayed with the same employer. That might not make a huge difference for one year, but it could add up to hundreds of thousands of dollars of lost wages over the course of your career.” Read the full article and view the chart here: Business...

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ADP Included in Fortune’s List of 25 Best Places to Work in New York

ADP Included in Fortune’s List of 25 Best Places to Work in New York

Fortune published a list of the 25 best workplaces in New York, featuring ADP, ranked #19. The article highlighted a few comments from employees: “This company goes out of its way to take the stress out of your life in order to allow you to focus on your job and your family. Salary plus bonuses for a job well done, the ability to work from home if your child is sick or something comes up in your personal life, consistent celebrations throughout the year, and free snack bar during year end so you don’t have to worry about food and can save some money over the holidays. The company wants you to be able to focus on your job to do it well, and does everything it can to accommodate all other aspects of your life in order to make it easier on you to do that. I find it so easy to come to work and I actually want to go above and beyond for this company because...

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New Webinar Series: Workplace Compliance Spotlight

New Webinar Series: Workplace Compliance Spotlight

While employers of different sizes may sometimes not be on the same page when it comes to issues affecting them day-to-day, one issue is top of mind regardless of size: Workplace compliance. Compliance risks can mean potential exposure to legal penalties, fines and other loss if your organization fails to follow applicable laws and regulations. To complicate things, compliance requirements stemming from various human capital management-related laws, such as employment laws, taxation and data privacy, are often changing. Join us for our new Workplace Compliance Spotlight webinar series where we will focus on some top compliance trends and issues facing employers today. Our first event on July 26th will focus on Employee Handbook Best Practices. Employee handbooks help employers communicate rules, benefits and other important information to employees. An up-to-date employee handbook can help employers comply with certain requirements and can inform new hires and employees of your business’s policies and practices. However, understanding which policies to include and how to properly maintain a handbook can be a challenge....

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