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Data-Driven Insights Can Help Reduce Costly and Disruptive Employee Turnover

Data-Driven Insights Can Help Reduce Costly and Disruptive Employee Turnover

In today’s tightening labor market, recruiting and hiring skilled talent isn’t the only challenge employer’s face. The other, equally important, consideration is employee retention. This is especially important amid a 17-year-low for unemployment and increasing market incentives for job-switchers. The ADP Research Institute® (ADPRI) recently published a report, “Revelations from Workforce Turnover,” which found that more than 60 percent of employee turnover is voluntary. Using aggregated and anonymized payroll data from more than 41,000 companies and 12.5 million employees, ADPRI identified that, on average, five percent of U.S. employees leave their jobs every month and more than 40 different factors can contribute to their decision to leave. Day-to-day, business and HR leaders witness firsthand the challenges and costs associated with voluntary employee turnover. This includes hiring and training new workers, managing employees through temporary capacity gaps during vacancies, and surviving the loss of valuable institutional knowledge. These are difficulties employers have simply come to accept as the byproduct of turnover. But what if there was a solution? The ADPRI...

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Synchronizing your Employee Data Just Got Easier for Oracle HCM Users

Synchronizing your Employee Data Just Got Easier for Oracle HCM Users

By Yan Courtois, Modulus Data – an ADP Marketplace partner In today’s dynamic economy, company culture and employee engagement have never been so important. Providing your employees with easy access to their pay, retirement accounts and more, requires data integrity. HR professionals are often challenged with maintaining accurate employee data across multiple systems, often manually re-entering the same employee data from one system to the other. It can result in the loss of several days of HR productivity each month as well as manual mistakes. If you are an Oracle HCM user and want to ensure that employee data, demographics, departments and legal entities are in synchronization with your payroll solution, you must leverage data integration to make this happen. There’s good news for organizations using Oracle HCM. Pre-built “connectors” can allow you to automatically integrate with ADP Workforce Now®. Organizations can leverage the solutions that are best for their organization and benefit from data integration technologies that transform the way HR generalists make decisions about the systems they...

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ADP has “Turned the Innovation Corner” as a Next-Gen HCM Vendor according to Holger Mueller, Vice President and Principal Analyst at Constellation Research

ADP has “Turned the Innovation Corner” as a Next-Gen HCM Vendor according to Holger Mueller, Vice President and Principal Analyst at Constellation Research

According to a new vendor profile from Constellation Research, a Silicon Valley-based research and advisory firm, ADP’s complete suite of human capital management (HCM) solutions is a leader in helping enterprises navigate the barriers to doing business in today’s global economy. Holger Mueller, vice president and principal analyst at Constellation Research, is one of the leading industry analysts in the HCM space. He provides guidance to decision makers and produces vendor profiles available to Constellation Research clients. In this report, he positioned ADP as an innovative, next-gen HCM vendor. He said that ADP has “turned the innovation corner” and highlighted ADP’s drive for innovation and competitive positioning beyond payroll, “largely thanks to a decisive innovation drive that has jolted ADP’s push into competitive, 21st century HCM products.” The report also includes Holger’s perspective on the major differentiators for ADP compared to the market, based on conversations with enterprise decision-makers and software selection exercises. He calls out Big Data, User Experience, Scale and Global Presence, Humanity Behind Technology and others...

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Marc Rind on Benchmarking: An Important Tool in the War for Talent

Marc Rind on Benchmarking: An Important Tool in the War for Talent

HR Daily Advisor recently published a bylined article by Marc Rind, VP of Product Development and Chief Data Scientist titled, “Benchmarking: An Important Tool in the War for Talent.” It discusses how the insights generated from benchmarking can help employers attract and retain skilled talent in today’s tightening labor market. In the article Rind says, “It’s no secret we are living in a job seeker’s market. With unemployment at a 16-year low, the risk of employees considering other job opportunities is high. In fact, the ADP Workforce Vitality Report found that job switching in the U.S. during the 3rd quarter of 2017 was 27% – an all-time high. Additionally, nearly two-thirds of the global workforce is actively or passively seeking new job opportunities, according to the ADP Research Institute’s study, The Evolution of Work 2.0.” Rind also discusses that as the world of work evolves, so are benchmarking tools. He says that benchmarking was done very broadly in the past but today’s tools include a vast array of job...

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ADP Benefits: Striving Ahead for Industry and User Benefit

ADP Benefits: Striving Ahead for Industry and User Benefit

By Will Giaconia, VP Benefits Administration As members of the Life Insurance Marketing and Research Association (or LIMRA) electronic data exchange (EDI) working group, alongside Prudential, we are at the forefront of data exchange methodologies and standards. However, it is our latest collaboration with Prudential that we hope will help LIMRA and the EDI working group develop industry standards that benefit everyone. Especially employers and their employees. For much of the insurance industry, evidence of insurability (or EOI) is a critical element, helping employers and carriers ensure that only eligible employees and dependents participate, and helping to keep cost and choice optimized for employees. However, the data exchange processes around this are often outdated, inefficient and can get in the way of these objectives. Together with Prudential, we are changing this. By working together to create real time integration, we hope to eliminate the delays and headaches associated with EOI processing. We believe this is the future of EOI data exchange and are truly excited to be partnering with...

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