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ADP Announces Acquisition of Global Cash Card, Strengthening Payroll Offering with Enhanced Digital Accounts and Financial Planning Tools

ADP has been helping organizations build better workforces for more than 65 years, the foundation of which is ensuring that employees are paid seamlessly and conveniently. Today, ADP is strengthening and expanding its employee payroll offer by acquiring Global Cash Card, a leader in digital payments, including paycards and other electronic accounts. We are excited to welcome our new Global Cash Card colleagues to the ADP family! The digital payment space is an exciting one for the future of payroll. Paycards are the fastest growing method of payment in recent years, with the estimated value of Form 1099 transactions now ranging between $700 billion and $1.1 trillion. The gig economy has also driven the demand for these accounts, which can let independent contractors bring their various wages and expenses into a single account, providing the best picture of their financial well-being. From the employer’s perspective, digital payments can be a less expensive, more immediate, and more secure option than paper checks. And there is room for growth, as 73...

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Benchmarking Leaps Forward with Vastly Deeper Job and Industry Insights Plus Smarter Job Matching in Next Generation of ADP DataCloud

Looking to hire a graphic designer but unsure what their total compensation should look like? How do you know if your overtime costs are too high for your machinists? Are your turnover rates comparable to similar businesses in your industry? HR decision-makers used to be in the dark about how their business stacked up against others, until 2015 when ADP® introduced Benchmarking, powered by ADP® DataCloud. The ADP DataCloud benchmarking tool is an industry leader, allowing HR professionals and business leaders to compare their organizations’ metrics to accurate benchmarks from other companies in four areas: compensation, workforce change, workforce demographics, and time and attendance. Since its launch, the innovative Human Capital Management tool is now in place with over 1,500 ADP clients. Now, with the next generation of ADP DataCloud comes even more powerful benchmarking, which can deliver the most specific, accurate, and “decision-quality” insights yet. To learn more about the updates that are now live click here! Share this:Click to email (Opens in new window)Click to share on...

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Growing the Global Franchise Industry

Did you know that ADP® serves thousands of franchise clients worldwide? As part of our commitment to the industry, our franchise channel is the founding sponsor of the International Franchise Association’s Franchise Action Network (FAN) and the well-known Franchisee of the Year award. ADP had a strong showing during the recent FAN annual meeting in Washington, D.C. Ahu Yildirmaz, vice president and co-head of the ADP Research Institute®, presented the keynote to the nearly 1,000 people in attendance. Through a unique analysis of the ADP National Franchise Report®, Ahu shared insights about employment trends among franchises. A few highlights include: Employment growth among franchises is outpacing employment growth among small businesses overall. Franchises have grown at 2.6%, whereas small business and the overall national employment has grown at 1.4% and 2.0%, respectively. Since the recession of 2008, franchises in the West and South have outperformed those located in the Northeast and Midwest. Recent trends suggest growth in all regions is beginning to converge. Regarding workforce composition, more females work...

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Celebrating Women in STEM

by Heather Bussing We are celebrating Women in STEM with the stories of some of the extraordinary women who work at ADP. As the headlines come out of Silicon Valley highlighting the adversity faced by many women working in tech, something different is happening at ADP. For the past six years, ADP has made DiversityInc’s Top 50 Companies for Diversity. ADP is also one of the Working Mother 100 Best Companies for Multicultural Women, and one of the Anita Borg Institute’s Top Companies for Women Technologists. Here are some of the numbers based on ADP’s US workforce in 2016: 85% of employees use some form of flexible work arrangement 58% of employees are women 56% of new hires are women 52% of promotions go to women 47% of managers and executives are women 21% of employees are multicultural women 18% of promotions went to multicultural women 7% of senior managers are multicultural women Over several weeks in August and early September, I had the privilege of talking to some...

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ADP Takes Home ‘Top HR Products’ Award For Record-Breaking Third Straight Year with Compass

It’s no secret that great leadership is key to business success. But oftentimes, leadership development tools only provide employees with feedback which is not enough to drive change: They need action plans. With this in mind, ADP® created CompassSM, a next-generation 360 growth tool designed to boost employees’ leadership and collaboration behaviors. Compass was designed for leaders and teams to quickly identify unproductive and derailing behaviors and treat them via feedback and personalized, automated coaching. This talent activation solution is extremely easy to implement and use with no disruption to business. It requires no software to install, no integration, no training, no sign up, and no sign in. It puts tools into the employees’ hands and is built for how humans want to use technology. As a result, the solution has demonstrated quantifiable improvement in leadership behaviors that were identified and coached by Compass in a three month period. Further, the assessment requires only minutes of time investment from each leader or collaborator. The solution recently earned the attention...

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Is Your Company Considering Robotics? Find Out How To Get Started!

While robots aren’t likely to take over your job any time soon, it’s becoming more likely they’ll be taking over a lot of mundane individual tasks. The McKinsey® 2017 report Harnessing Automation for A Future that Works reveals that a small percentage of jobs—less than five percent globally—have the potential to become fully automated. However, 60 percent of all occupations have at least 30 percent of constituent tasks that could be automated. Robotics processing automation (RPA) is the use of software to carry out business processes that would normally be done by humans, with the goal of driving efficiencies and savings. RPA has been a significant game changer for organizations and can yield substantial operational benefits. By standardizing and simplifying processes, RPA can free employees from routine and repetitive administrative tasks so they can focus on more strategic pursuits. While many organizations are considering this technology and others are piloting it, it’s sometimes tough to figure out how to get started. Learn more by attending our ReImagine Series webinar...

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Success Stories: Comerica Bank’s HR Transformation

For the past 165 years, Comerica Bank® has followed one guiding business principle: Putting its customers first. The financial services company, headquartered in Dallas, Texas, credits its longevity to its strong focus on building relationships, its conservative principles, and a dedicated workforce of more than 8,000 employees. To better serve its associates and enable them to focus on helping people and their businesses succeed, Comerica Bank realized it needed to streamline HR processes and solve some issues with payroll inaccuracies it was experiencing. After years of having to deal with receiving Corrected Wage and Tax statements due to vendor errors and employees receiving incorrect payroll and policy information from the call center representatives, Comerica turned to ADP for help and became a client in 2012. By implementing ADP® Enterprise HR® and using ADP Comprehensive Outsourcing Services (COS), the company was able to solve its payroll problems, standardize processes and make its HR team a more efficient and cost-effective group. “Prior to ADP, our HRIS system was customized to the...

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Workplace Compliance Spotlight: What Employers Need to Know About The General Data Protection Regulation (GDPR)

Wherever you are in the world, if you do business in the European Union and handle EU residents’ data, the General Data Protection Regulation (GDPR) is set to introduce a whole new era of data governance and enhanced requirements on security and personal data processing activities. GDPR represents the biggest change to data protection law in 30 years. Due to come into effect on May 25, 2018, it includes high penalties for non-compliance – up to 4% of a company’s worldwide revenue (or €20m; whichever is higher). So it’s little wonder that 33% of leaders like you are concerned about how data privacy and GDPR will affect their day-to-day business processes*. Watch our third installment in our Workplace Compliance Spotlight webcast series and get critical insights on the upcoming GDPR legislation and its potential impact on your role and global organization, such as: Your new obligations as an employer doing business within the EU, What actions you can start to take now to minimize the turbulence ahead, And why...

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The Next Stone in the Path: My Decades-Long Journey as a Woman in Technology

By Isabel Espina, VP of Enterprise Architecture, ADP and 2016 recipient of Anita Borg Institute “Woman of Vision” award “What’s it like being a woman in tech?” is a question I’m often asked. Throughout my career, the lack of women in STEM-oriented roles has always been very apparent. According to the Bureau of Labor Statistics, women still account for only 25 percent of full-time workers in computer and mathematical occupations and 14 percent in architecture and engineering.1 When I started my career 30 years ago, this disparity was even more pronounced. I was working in operations for a bank after graduating with my degree in electrical engineering and computer science. Now, as I look back on my career and am celebrating my 20-year anniversary with ADP, I’m happy to say that there has been significant progress. Throughout the past two decades, ADP and I have evolved alongside each other as innovators. Since I was young, I gravitated towards science and math. I loved that these fields provided a problem...

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Updated Wage Garnishment Study from the ADP Research Institute® Examines New Facets of This Workforce Issue

By Julie Farraj, division vice president and general manager, Wage Garnishments and Unemployment/Employment Verification Services for ADP Added Value Services A new 2017 study by the ADP Research Institute® (ADPRI) continues to flesh out the facets of wage garnishment and its impact on employers and their workers.   Based on the anonymous 2016 pay data of about 12 million U.S. workers, this new study reveals that one in 14 of those workers are carrying a wage garnishment and an estimated 12 percent of those with a garnishment have more than one type of wage garnishment. This research also introduced a new metric – the number of wage garnishments per employee, which according to the study averages 1.4 per employee.   The study showed that in 2016, approximately 7 percent of the U.S. workforce had their wages garnished. Of the four types of wage garnishment studied, the highest rate was for child support, followed by “other” general garnishments, such as student debt and consumer loans, tax levy, and bankruptcy.  ...

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