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Predictive Analytics Can Help Keep Your Most Valuable Employees from Quitting

Predictive Analytics Can Help Keep Your Most Valuable Employees from Quitting

In this tight labor market, talent retention is a top priority for businesses of all sizes. For any business to gain and maintain a competitive edge, one of the main objectives of HR leaders and business owners has to be not only recruiting the best talent but retaining it as well. So wouldn’t it be great if you had insight into which of your top talent is thinking of leaving so you could take preemptive action? With ADP’snew Turnover Probability solution, powered by the ADP® DataCloud, companies can more accurately identify the likelihood of future voluntary turnover. By helping to identify those employees most at risk of leaving, the model helps eliminate the guesswork from identifying likely hotspots of attrition within an organization, and mitigates the business risk of losing valued employees in key jobs, departments and locations. To gain a competitive edge, employers need to know where the highest levels of turnover occur within their organization, how their likelihood of turnover compares to other companies in their industry,...

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Beyond Big Data – Sometimes You Need to Sweat the Small Stuff

Beyond Big Data – Sometimes You Need to Sweat the Small Stuff

While the HR industry’s all abuzz about Big Data and figuring out how to wrangle it to glean insights to better inform workforce decisions, HR leaders shouldn’t overlook the value of the smaller data that’s right in front of them. Small data’s the separate, independent data sets that make up Big Data. It provides the why behind what the Big Data shows. It’s the individual jigsaw pieces that make up the larger puzzle. Think about the Word document containing an individual’s performance review or the Excel spreadsheet of competitive pricing analysis. Both of these work products contain invaluable data and takeaways that, when centrally aggregated and analyzed, can provide actionable business insights. To read more about the value of small data and how to use it derive insights and plan strategies to tackle specific business challenges, check out this article by ADP’s David Turetsky, Vice President and Chief Product Owner, ADP DataCloud in AllBusiness.com. Share this:Click to email (Opens in new window)Click to share on Twitter (Opens in new...

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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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Why Empowering End Users Is Good For Business

Why Empowering End Users Is Good For Business

By Scott Groenendal, ADP Senior Director of Product Marketing You might think that linking user experience to the success of your business is a leap. I beg to differ. When employees are empowered with self-service HR tools and a customized user experience, they save time, are more engaged and become more productive. Think about it. What do your employees care about? They want the power to manage their careers, schedule time off, access their payroll information, and easily make benefits selections without depending on someone else to answer their HR questions. They want self-service tools that enable them to take action on their own. This is especially true for employees of multinational corporations. How frustrating would it be to have to call an HR help desk or call center where you may experience time zone, language and other cultural barriers that make it even harder to get your HR questions answered? Today’s global workforce doesn’t want to deal with an intermediary to get answers. They want interactive and visually...

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