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ADP® Workforce Vitality Report Q3 2017 Shows Deceleration in Wage Growth

ADP® Workforce Vitality Report Q3 2017 Shows Deceleration in Wage Growth

According to the ADP Workforce Vitality Report, overall wage growth increased by 1.7 percent year over year across all industries in the third quarter of 2017 and is slower than the 2.6 percent growth in wages reported by the U.S. Bureau of Labor Statistics (BLS). The ADP Workforce Vitality Report tracks the same set of workers over time, which provides a more insightful picture of wage growth than overall wage growth. This set of workers includes job holders, who stayed in their same job for at least one year, and those who changed jobs, referred to as job switchers. Key indicators from the report include: Job holders’ wages grew by 4.4 percent and job switchers’ wages grew slightly less by 3.3 percent year over year in the third quarter On average, job holders’ hourly wage levels were $10 more than that of job switchers. Tracking full-time workers alone, job switchers increased their wages by an average of 4.9 percent when compared to job holders, who saw their wages rise...

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ADP Signs on to CEO Action for Diversity and Inclusion™

ADP Signs on to CEO Action for Diversity and Inclusion™

Rita Mitjans, Chief Diversity & Corporate Social Responsibility Officer

Having recently seen so many ADP associates join in celebrating National Hispanic Heritage Month and National Coming Out Day, I’m proud to say that ADP has truly made diversity and inclusion a cornerstone of our business and corporate culture. It’s built into our teams, our products and our supply chain – both because it helps us better serve our clients and aligns with our values. That’s why our CEO, Carlos Rodriguez, joined a coalition of 270 CEOs committing themselves and the organizations they lead to advance diversity and inclusion in the workplace. In signing on to the CEO Action for Diversity and Inclusion™, ADP committed to continue cultivating a workplace that supports open dialogue on complex, and sometimes difficult, conversations about diversity and inclusion. We committed to implement and expand unconscious bias education. And, we committed to share best known – and unsuccessful – actions with other companies to learn from each other and tackle diversity and inclusion challenges facing workplaces across the country together. We recognize that joining...

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ADP Announces Acquisition of Global Cash Card, Strengthening Payroll Offering with Enhanced Digital Accounts and Financial Planning Tools

ADP Announces Acquisition of Global Cash Card, Strengthening Payroll Offering with Enhanced Digital Accounts and Financial Planning Tools

ADP has been helping organizations build better workforces for more than 65 years, the foundation of which is ensuring that employees are paid seamlessly and conveniently. Today, ADP is strengthening and expanding its employee payroll offer by acquiring Global Cash Card, a leader in digital payments, including paycards and other electronic accounts. We are excited to welcome our new Global Cash Card colleagues to the ADP family! The digital payment space is an exciting one for the future of payroll. Paycards are the fastest growing method of payment in recent years, with the estimated value of Form 1099 transactions now ranging between $700 billion and $1.1 trillion. The gig economy has also driven the demand for these accounts, which can let independent contractors bring their various wages and expenses into a single account, providing the best picture of their financial well-being. From the employer’s perspective, digital payments can be a less expensive, more immediate, and more secure option than paper checks. And there is room for growth, as 73...

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Inc.com Features ADP on Five Keys to Creating a Culture That Stands Apart

Inc.com Features ADP on Five Keys to Creating a Culture That Stands Apart

What’s the X Factor that sets one business apart from the others? Is it offering the right service at the right time? People who are dedicated and engaged in working toward success? Customers that advocate for your business? These are all important, yet, you could have all these things going for you and still fail. So what’s the real secret to success? I recently talked to three business leaders who shared their lessons for identifying the X factor that can set your business and culture apart. People are one of the most important factors in any business. They’re the ones making decisions that impact customers, and they’re the ones who determine whether your culture exists on paper, or in real life. Hiring the right people and managing them so they can do their best work are critical to the success of any business. But, if it’s so foundational, why do so many organizations struggle with it? Jordan Birnbaum is VP and Chief Behavioral Economist at TalentX, an ADP Venture;...

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Natural Resources, Mining and Construction Saw Regional Job Gains in August

Natural Resources, Mining and Construction Saw Regional Job Gains in August

In August, the goods-producing sector saw its best performance in months with positive gains in natural resources, mining and construction, according to the ADP Regional Employment Report. Additionally, the service-providing sector continued its forward momentum while, on a state level, Texas and California lead in job gains. The ADP Regional Employment Report is produced by ADP®, a leading global provider of Human Capital Management (HCM) solutions, in collaboration with Moody’s Analytics, Inc. Here is a closer look at the regional numbers: California added 26,300 jobs Florida added 18,700 jobs Illinois added 9,300 jobs New Jersey added 3,600 jobs New York added 12,200 jobs Texas added 30,500 jobs Broadly distributed to the public each month, free of charge, the ADP Regional Employment Report measures the change in regional and state nonfarm private employment each month on a seasonally adjusted basis. For more detailed information, please visit: http://www.adpemploymentreport.com/ 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...

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