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ADP Convenes Economic Experts for First “State of the Labor Market Summit”

ADP Convenes Economic Experts for First “State of the Labor Market Summit”

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

The U.S. labor market is at a critical inflection point. It is nearing full employment, top talent is becoming scarce and job switching is at an all-time high. Now more than ever it is important that business leaders, policymakers and the public have greater transparency into how the labor market is performing. That’s why we use our deep empirical data to share labor market insights like our monthly National Employment Report and quarterly Workforce Vitality Report, to provide a clear look at job and wage dynamics. It’s also why we have shared our data with a team of some of the brightest minds in labor economics who have used it for their own in-depth research into the labor market and we convened this group at a new event – the ADP Research Institute State of the Labor Market Summit 2017. The ADP Research Institute State of the Labor Market Summit 2017, hosted at the Nasdaq MarketSite, brought top experts together to explore overall trends in the labor market and...

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SHRM Features Stuart Sackman Discussing ADP’s Artificial Intelligence Initiative

SHRM Features Stuart Sackman Discussing ADP’s Artificial Intelligence Initiative

According to a new article by SHRM, “Rather than having to navigate websites, send e-mails or make phone calls—and often wait for responses—employees can use these artificial intelligence (AI) tools to get quick, voice- or text-delivered answers to questions about paid time off, benefits eligibility, retirement savings, work schedules, and even career planning or performance coaching. For organizations, these “virtual agents” can reduce labor costs, enhance customer service and free up HR staff for strategic initiatives.” ADP’s Stuart Sackman, corporate vice president of multinational solutions highlights ADP’s Articifical Intelligence Initiative by explaining, “The next generation of HCM [human capital management] solutions is moving from graphical user interfaces to conversational user interfaces. Instead of employees having to navigate online text menus and fill out forms, many functions will be voice-generated by AI.” He explains further, “The ADP virtual agent will be powered by AI that learns employees’ patterns of behavior and predicts what information or experiences will make them more productive, efficient and engaged.” To learn more about the growing...

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Business Insider Leverages the ADP Workforce Vitality Report to Show that Job Switchers Earn More Money

Business Insider Leverages the ADP Workforce Vitality Report to Show that Job Switchers Earn More Money

Business Insider has published an article titled, “The key to earning more money may be switching jobs — and this chart proves it,” which utilizes ADP Workforce Vitality Report data to highlight how job switchers often fair better than job holders when it comes to wage growth. “Employees who changed jobs earned about 1% more year-over-year than those who stayed with the same employer. That might not make a huge difference for one year, but it could add up to hundreds of thousands of dollars of lost wages over the course of your career.” Read the full article and view the chart here: Business...

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Success Stories: From Competitive Barista to Proprietor – ALL DAY Owner Camila Ramos Uses ADP Solutions to Keep Pace with the Daily Grind

Success Stories: From Competitive Barista to Proprietor – ALL DAY Owner Camila Ramos Uses ADP Solutions to Keep Pace with the Daily Grind

How do you transform coffee and eggs – perhaps the two most commoditized food items in the restaurant industry – into a premium experience for patrons? Ask Camila Ramos, proprietor of ALL DAY, a coffee shop and breakfast restaurant in the Park West neighborhood of Miami. For the past 10 years, Ramos has worked tirelessly to first build a reputation and now a following for her Miami café in the highly competitive industry of specialty coffee. In the past year, Ramos has taken ADP® on the latest, most challenging leg of her journey – the day-to-day workforce and payroll management of between 16 to 18 employees. Ramos uses RUN Powered by ADP® , a cloud-based payroll, tax and human resources solution for small businesses. Implementing RUN Powered by ADP a year ago proved to be a turning point for Ramos’s business. “ADP offers a depth and breadth of experience that’s very valuable to me and my business,” said Ramos. “It’s also very affordable for a small business that’s just...

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New Webinar Series: Workplace Compliance Spotlight

New Webinar Series: Workplace Compliance Spotlight

While employers of different sizes may sometimes not be on the same page when it comes to issues affecting them day-to-day, one issue is top of mind regardless of size: Workplace compliance. Compliance risks can mean potential exposure to legal penalties, fines and other loss if your organization fails to follow applicable laws and regulations. To complicate things, compliance requirements stemming from various human capital management-related laws, such as employment laws, taxation and data privacy, are often changing. Join us for our new Workplace Compliance Spotlight webinar series where we will focus on some top compliance trends and issues facing employers today. Our first event on July 26th will focus on Employee Handbook Best Practices. Employee handbooks help employers communicate rules, benefits and other important information to employees. An up-to-date employee handbook can help employers comply with certain requirements and can inform new hires and employees of your business’s policies and practices. However, understanding which policies to include and how to properly maintain a handbook can be a challenge....

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