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ACA Compliance: 3 Strategies For Managing Costs

ACA Compliance: 3 Strategies For Managing Costs

This week, Forbes featured ADP contributor Liz Alton’s article “3 Strategies for Managing Your ACA Compliance Costs.” What options do employers have for controlling Affordable Care Act (ACA) compliance costs in 2016 and the years beyond? How can CHROs work with the rest of the C-suite to establish cost-reducing strategies in other departments to mitigate the effects of more stringent ACA compliance requirements? Check out the article to learn more, and join our upcoming webinar, ACA Best Practices: Why You Can’t Take a Vacation From Affordable Care Act Compliance to hear from our ACA experts. 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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Purple Rain…“Electric word life, it means forever and that’s a mighty long time…”

Purple Rain…“Electric word life, it means forever and that’s a mighty long time…”

As the world mourned the loss of yet another music legend – Prince – I was struck by the outpouring of tributes worldwide.  After hearing the news, I spent a flight back home from New Jersey listening to his songs and channeling my youth.  I returned with memories from “When Doves Cry” to “Purple Rain” and spent the rest of the evening educating my children on Prince’s contributions to music and pop culture.  I celebrated his legacy, and I know he will not soon be forgotten. I’m a big believer in legacy.  We have different leaders for different times; and different leaders resonate with different people.  In a corporate setting, each leader marks a spot in time with different needs based on market conditions, the organization’s health, and client and associates’ needs. In the roles I’ve held, my goal was to build on ADP’s amazing legacy and, equally important, to add to it.  When my time ends in a role, I want to be able to look back and...

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The Not-So-Little Engine that Could: Main Street U.S.A

The Not-So-Little Engine that Could: Main Street U.S.A

It chugs along 24/7, 365.  It’s Small Business America. We’re proud to support these businesses every day with not only our services but our patronage.  Every year since 1963, the President of the United States has issued a proclamation announcing National Small Business Week to recognize the contributions of America’s entrepreneurs and small business owners. ADP® is proud to once again co-sponsor this important event, which recognizes the impact of outstanding entrepreneurs, small business owners, and others from all 50 states and U.S. territories. Read a post on our Thrive blog from John Ayala, president, ADP Small Business Services to learn why celebrating small businesses is so important to him. 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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Are Businesses Raising Wages to Retain Workers?

Are Businesses Raising Wages to Retain Workers?

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

We’re seeing an accelerated wage increase in the labor market for the first quarter of 2016, according to the ADP Workforce Vitality Report.  The freshly released report shows year-over-year wages grew substantially for job holders in the first quarter of 2016, rising from 4.1 percent in the previous quarter to the current 4.6 percent. This may be a signal that continued employment growth is leading to a smaller pool of available talent, in turn motivating employers to increase wages to retain experienced workers. This wage growth was evident in almost all industries and in all age groups among full-time workers.  Employers appear to be reacting to a tightening labor market by boosting wages to retain talent. Should you be more competitive with your employee compensation to retain talent? To learn more, view the full report and more information at http://workforcereport.adp.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 window)Click to share on Google+...

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Overtime Overhaul:  It’s Time to Prepare Your Business for Sweeping Changes

Overtime Overhaul: It’s Time to Prepare Your Business for Sweeping Changes

In July 2015, the U.S. Department of Labor (DOL) proposed changes to the Fair Labor Standards Act (FLSA) that would substantially overhaul overtime pay rules. The proposed changes more than double the salary threshold that helps determine whether workers are eligible for time-and-a-half pay when working more than 40 hours per week. If finalized, these changes will make nearly five million workers eligible for overtime pay as early as this year, unless their salary is raised. In March 2016, the DOL submitted the proposal to the Office of Management and Budget (OMB) for review. The OMB could approve the rule as is or ask the DOL for changes. The final rule could be issued as early as later this month; once final, employers will likely have 60 days in which to comply. For businesses, this could be the next big compliance challenge following the Affordable Care Act.  So it’s concerning that many employers are not fully prepared to navigate the new rules. According to ADP research, only 25 percent...

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