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From Hire to Retire to Compliance? ADP’s CFO on Why Compliance Has Never Been More Important

From Hire to Retire to Compliance? ADP’s CFO on Why Compliance Has Never Been More Important

If it seems like there are a lot of new regulations lately, you’re right. Last year alone, the U.S. Federal Register logged 3,378 final rules and regulations, from the IRS, FLSA and DOL. And many of these regulations impact businesses – and specifically touch at least one aspect of the “hire-to-retire” spectrum. In other words, if your job description includes payroll tax, employment verification services, wage garnishments or benefits administration, your job description should also include compliance. Despite the increasing volume of regulations and potential impact on businesses, there is still a lack of action, and in some cases, understanding, on what needs to be done to comply. Consider these stats: According to ADP research, only 25 percent of small businesses and 50 percent of midsized business are aware of new federal overtime requirements, which are currently set to go into effect on December 1, 2016 via FLSA. For ACA, the ADP Employer Confidence Report found that more than half of midsized companies (52%) and nearly half of large...

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Everest Report Has ADP Beaming with Benefits Pride

Everest Report Has ADP Beaming with Benefits Pride

Benefits administration is enormously complex. A successful enrollment requires surgical precision and careful coordination of multiple sources of data from multiple systems. Organizations need to understand hundreds of intricate eligibility and enrollment rules and infinite combinations of rate structures to successfully manage the daily events that are today’s Benefits offerings. Getting it wrong creates exposure to financial and compliance risk, and now, more than ever, employee dissatisfaction. The Affordable Care Act (ACA) in particular has brought continued focus on the complexities of managing Benefits, leading many businesses to seek outside expertise. In addition, as organizations look for a competitive edge, offering a broader and more varied array of Health, Wellness, Financial and Lifestyle Benefits is emerging as away to attract and retain the best talent. The additional complexity caused by the increased number of Benefit offerings and the associated burden of connecting to multiple carriers and reconciling deductions to payroll has driven the increased interest in Benefits Administration Outsourcing (BAO). According to the Everest Group’s Anil Vijayan, the BAO...

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Should You Focus on Meaningful Work to Attract and Keep Top Employees?

Should You Focus on Meaningful Work to Attract and Keep Top Employees?

According to ADP Research Institute’s® report, The Evolution of Work: The Changing Nature of the Global Workforce, one of the top 19 workplace trends in the coming years will be people choosing to “spend their time working on things that are of personal interest to them or have a broader impact on society,” and an overwhelming 81 percent of employees view that trend in a positive light. Because workers of all ages seem to value work they can be proud of, a growing number of employers are finding ways to make work more meaningful and communicate it to job candidates, increasing employee satisfaction and employee retention. Hear more from Ahu Yildirmaz, Head of the ADP Research Institute, on the four ways to start focusing on work that matters: https://www.cornerstoneondemand.com/rework/should-you-focus-meaningful-work-attract-and-keep-top-employees 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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Global Protection 24/7

Global Protection 24/7

At ADP, we have a place that not many people know about, and even fewer have been inside. It’s behind the scenes, with restricted access and it’s on the cutting edge. ADP’s Critical Incident Response Centers (CIRC) are one of our secret weapons in stemming the global impact of cybercrime to help protect our systems, client data and funds What is the CIRC? It’s a place where fraudulent efforts to gain access to ADP systems are exposed and proactive alerts help us to stay one step ahead. Monitors replace the wallpaper on our walls so we can watch the action as it happens. It’s crucial to ADP’s security program, and supports ADP’s cyber defense operations, security monitoring and financial crimes investigations. It constantly monitors for security trends, threats and attacks from all over the globe. It even utilizes social media feeds to stay on top of the latest developments. It’s staffed by highly skilled security practitioners with a laser beam focus on detection and prevention, and a passion for...

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Bring it On! It Takes More Than a Gas Leak to Prevent HR Leaders From Exploring the Future of Work

Bring it On! It Takes More Than a Gas Leak to Prevent HR Leaders From Exploring the Future of Work

By Erin Siemens, Division Vice President and General Manager, National Account Services Human Resources (HR) leaders are a tough bunch. You wouldn’t think it to look at us, but it takes a lot to keep us from learning more about our discipline and the trends impacting the workforces we support. That’s why it was especially gratifying to participate as a panelist during the FT-ADP® Evolution of Work Forum conducted recently in Chicago. Despite a news-breaking gas leak in downtown Chicago that day, which shut down trains and delayed car traffic, a tenacious and fortunate bunch of us gathered for an intimate discussion over dinner about how businesses must evolve to attract and retain top talent, while managing performance, productivity and security. Keynote speaker Alexandra Levit ignited the evening’s conversation with her presentation about what she calls the three C’s of future work: Collaboration, customization and creativity. Levit has impressive credentials and has conducted proprietary research on the future of work, the Millennial generation, gender differences and bias, and the...

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