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Benchmarking’s Time to Shine: ADP Solution Named One of Top HR Products of 2016 and ‘Awesome’ New Technology

Benchmarking’s Time to Shine: ADP Solution Named One of Top HR Products of 2016 and ‘Awesome’ New Technology

Human Resource Executive® recently revealed that Benchmarking, powered by the ADP® DataCloud, has been selected as one of its “2016 Top HR Products” and “Awesome New Technologies for HR.” With a record-breaking number of nominations to consider this year, the magazine relied on a combination of staff reviews and comments from outside experts and analysts to choose the top products of the year. So what, exactly, is Benchmarking and why was it honored? Benchmarking was introduced as part of the ADP DataCloud analytics platform in October 2015. The solution gives companies the ability to compare their workforce data with up-to-date aggregated and anonymized HR and pay data from ADP’s database of more than 95,000 client organizations. By harnessing this data, HR leaders can see how their companies stack up to the competition in such areas as compensation, workforce change and workforce demographics. For example, an ADP benchmark may reveal that the average tenure for a specific job in a specific industry is two years. If your company has employees...

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5 Steps that can bring you closer to ACA compliance

5 Steps that can bring you closer to ACA compliance

Regardless of who wins the presidential election, the U.S. healthcare system will surely continue to morph from both a care management and compliance perspective. The reality is that managing compliance under the ACA has become and will continue to be a part of every broker, HR and finance leader’s day-to-day agenda. It’s that simple. It’s that inevitable. It’s that crucial to your success. I know. Just as you were breathing a sigh of relief after filing last year’s forms, the process is starting all over again — and seems destined to continue every year from now on. We’ve learned a lot in the past year. ADP helped more than 25,000 clients ranging in size from 50 to 50,000 employees manage their compliance requirements. During that time, we gained a lot of insight. Read as ADP’s Vic Saliterman, Senior Vice President, Health Care Reform, shares five steps that can help advisers and organizations focus their ACA compliance efforts. To learn more, read: 5 Steps that can bring you closer to...

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From the Service to Civilian Life- How ADP Commits to Veterans in the Workplace

From the Service to Civilian Life- How ADP Commits to Veterans in the Workplace

By Tom Hiebert, Senior Director of Veterans Initiatives, ADP Serving in the U.S. military is one of the biggest challenges, and honors, I’ve ever experienced. When I re-entered the civilian workforce, and civilian life, after 28 years of Army service, I knew that the skills I developed would serve me well in the next step of my career, but I didn’t quite know how. At ADP, we believe we have a responsibility to bridge this gap for Veterans, and I’m proud to be a part of the team that designed our Veteran hiring program to do so. At the same time, I know that building – and actually putting into practice – a program like this is not easy. So in addition to being proud of our Veterans Initiatives program, I want ADP to be a resource for other companies attempting to do the same. Here’s how we at ADP formed and focused our program. Make a formal commitment Working with ADP’s leadership team, we set a goal for...

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Don’t Fear! Tips to Survive Year-End Reporting

Don’t Fear! Tips to Survive Year-End Reporting

For many employers, the last three months of the calendar year can be quite overwhelming as you prepare for routine year-end workforce activities such as distributing Forms W-2, potential changes in employer taxes, and the ongoing effects of legislative and regulatory changes. Keeping pace with all of these tasks — while remaining compliant — can be daunting. To help with these efforts, ADP® is conducting two hour-long webcasts that will offer insights on the latest changes and trends pertaining to year-end reporting, including aspects of the Affordable Care Act (ACA), unemployment insurance tax, Forms W-2 reporting and payroll. Topics of discussion will include: Affordable Care Act (ACA) o New IRS® ACA E-File Systems and Error Notices o IRS ACA Penalty Assessments Unemployment Insurance (UI) Tax o Federal Unemployment Tax (FUTA) Changes – Possible FUTA credit reduction and Benefit Cost Rate Assessment – Affected states and potential outcomes o State Unemployment Tax Changes – Proposed expansions to quarterly wage reporting o Update on the projected solvency of state UI trust...

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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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