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Let’s Talk About the Power of Real Income

Let’s Talk About the Power of Real Income

by Misha Ghosh, VP Corporate Development/Big Data, ADP Remember the TV commercial a few years back that described what happens when the world of chocolate and the world of peanut butter are suddenly blended together? That’s right! The iconic chocolate peanut butter cup was formed! Okay, fast forward to the present – and the worlds of payroll and real estate. What if there was a way to use aggregated payroll income data to help create accurate insights for real estate decisions, property evaluations, and economic research? The good news is there is – with ADP’s Real Income interactive mapping tool. Here’s why this new and exciting, easy-to-use, online, cloud-based solution is important. Income data is big data Income is a leading indicator that is used to make informed business decisions in financial services and commercial and residential real estate – and the leading source of income data comes from paychecks. ADP is the leading U.S. provider of payroll checks – processing the pay for more than 28 million workers....

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Expanded Benchmarking Capabilities Give Companies Even More Insights To Fine Tune Their Workforce Strategy and Operations

Expanded Benchmarking Capabilities Give Companies Even More Insights To Fine Tune Their Workforce Strategy and Operations

You need to make a competitive offer to a job candidate in New York City while figuring out why overtime rates are rising in the Chicago office. In the past, you’d have to rely on out-of-date survey data to help perform this analysis. Today, the benchmarking data you need to make better workforce decisions is right at your fingertips, thanks to ADP’s expanded benchmarking innovation. Benchmarking, powered by the ADP® DataCloud provides HR and business leaders with “decision-quality” insights from ADP Big Data. Organizations have the ability to compare their company’s data with current industry-based data on compensation, measures of workforce change, such as turnover and retention, as well as workforce demographics. Time and labor benchmarks, such as market-based absence and overtime rates, are also now available to clients on multiple ADP HCM platforms. The new time benchmarks allow companies to compare their overtime and absence rates with industry peers to better understand their competitiveness — and align their workforce management with industry standards and best practices. “Absence and...

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CNN Money Highlights ADP Research Institute Data

CNN Money Highlights ADP Research Institute Data

CNN Money recently quoted Ahu Yildirmaz, vice president and head of the ADP Research Institute, in an article titled “U.S. manufacturing job openings at 2007 levels.” Ahu discusses a shift we are seeing in the types of jobs currently available in the manufacturing industry and features data from the Q3 2016 Workforce Vitality Report. In a recent interview Ahu stated: “When we look at our data we see that proportionally more firms are paying on average higher hourly wages. This reflects the overall wage increase in manufacturing, however, it also implies more firms have high skilled, high wage jobs. For example, in 2008, 50% of firms paying more than $25 per hour on average. Today, that number increased to 70%.” With increases in automation, the manufacturing industry has a high demand for high-skill, high wage jobs. This shift also highlights a need for increased training to ensure workers have the skills to fill the openings in the sector. Think this is interesting? Learn more data-driven insights about today’s workforce...

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Smallbizdaily features ADP Advice in Entrepreneur Tips List

Smallbizdaily features ADP Advice in Entrepreneur Tips List

Smallbizdaily has published an article by ADP SME Brian Michaud titled “4 – Making Expert Benefits Decisions, Even When You Aren’t a Benefits Expert,” which provides tips to small business owners on how to make difficult decisions in a complex benefits landscape. The article is part of a compilation of articles titled “11 Things Entrepreneurs Need to Know.” “As the war for talent rages on, it’s getting tougher and more expensive to attract high-quality job candidates… as small businesses look for ways to set themselves apart and appeal to the most sought-after prospects, offering a robust benefits package is emerging as a differentiator. A competitive benefits package could be the valued asset that tips the scales for a desired candidate.” Check it out on Smallbizdaily! 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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Thanking and Rewarding Your Employees Just Got Easier with the ADP Rewards Card

Thanking and Rewarding Your Employees Just Got Easier with the ADP Rewards Card

By Gary Lott, Division Vice President and General Manager of Added Value Services Everyone likes to be thanked or rewarded for a job well done. And what better time of year to give in to that impulse than during the holiday season, when a little extra spending money could make a big difference to an employee’s holiday shopping list. That’s why we’d like to introduce the new ADP® Rewards Card, a non-reloadable Visa® Rewards Card issued and serviced by MB Financial Bank, N.A. The card allows employers to bestow service awards for employee tenure; recognize high-level performance; acknowledge health and wellness milestones; encourage workplace safety best practices; salute the completion of training, or motivate employee and sales referrals. It can be loaded with non-wage related funds for a value between $10 and $1,000 and used for purchases everywhere Visa is accepted. It’s important to note that the ADP Rewards Card is not redeemable for cash, which is why you should only load non-wage related funds to the rewards card....

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