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A House Divided: The State of Strategic Workforce Planning

A House Divided: The State of Strategic Workforce Planning

While employers know that there is a tough road ahead for employee training and Strategic Workforce Planning, they can’t agree on what that path looks like, according to a recent study commissioned by the ADP Research Institute®andconducted by The Economist Intelligence Unit® (EIU). The study, Strategic Drift: How HR Plans for Change, sources responses from corporate leaders on the current state of the workforce and the main issues they face as they plan their overall HR strategy. What concerns employers most? Turnover. According to ADP’s Workforce Vitality Report jobs holders’ wages grew by 4.3 percent year over year for the third quarter of 2016. This is a sign that employers want to retain their workers and are increasing wages in order to do so. However, employers know that wage increases aren’t enough and they are still concerned about turnover. Seventy-three percent believe that higher turnover rates and shorter tenure will be the “new normal”. That is especially true as Millennials have become the largest segment of the workforce. Seventy-five...

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It’s Time to Join the Data Analytics Evolution!

It’s Time to Join the Data Analytics Evolution!

Don Weinstein, Senior Vice President, Product Management

If you asked anyone who attended the HR Technology Conference this year what the buzz was all about, you’d probably hear about how data analytics are helping to dramatically improve HR’s influence in smart organizations. Industry thought leaders Josh Bersin and Barry Libert delivered keynote speeches that touched on how forward-thinking organizations are embracing analytics to transform their HR solutions. There also was the news about ADP’s Benchmarking, powered by the ADP® DataCloud, which won awards for “Top HR Products” and “Awesome New Technologies.” And, ADP client Mark Berry, VP of Human Resources at CGB Enterprises, joined me for a discussion on “Quantifying HR with Advanced HR Analytics”. Mark and I met 18 months ago when he started at CGB, a holding company with interests in the grain, transportation and insurance industries. Shortly thereafter, CGB started using the ADP DataCloud. CGB’s Mark Berry and ADP’s Don Weinstein at the 2016 HR Technology Conference The two critical issues the business wanted to address with the insights gained from analytics were...

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Engineering Consulting Firm Finds the Perfect Employee Benefit, Shopping ADP Marketplace

Engineering Consulting Firm Finds the Perfect Employee Benefit, Shopping ADP Marketplace

As consumers, surfing the net helps us to connect with what we need, what we want, and what’s important in our lives. It can also help us to buy products and services that can benefit our businesses and employees. Take the case of Tracy Hannuksela, Human Resources Director at Landau Associates, the Edmonds, Washington-based engineering consulting firm and a client of ADP Workforce Now®. “We were thinking of offering personal identification theft protection as an employee benefit for some time,” she explains. Among the problems the HR Director encountered were cost-prohibitive coverage through brokers, products that didn’t meet expectations, and offerings that simply turned out to be too good to be true. “Then one morning, I logged in to ADP Workforce Now and got a pop-up message for ADP Marketplace. I clicked on the ‘New Market Vendors’ banner and it didn’t take me long before I found what I was looking for.” She discovered ADP Marketplace vendor, Core ID, whose ID theft protection product on ADP Marketplace was a...

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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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