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AccountingWEB Features ADP Suggestions for Talent-Starved Accounting Firms

AccountingWEB has published a byline by Ahu Yildirmaz, co-head of the ADP Research Institute, titled “3 Ways Accounting Firms Can Address the ‘Me’ Versus ‘We’ Mindset,” which explores the impact to accounting firms of a growing talent gap and provides ways they can address this workforce challenge. “The study showed that employers think that only 21 percent of employees are passively looking for another position when, in fact, 42 percent of employees are looking for opportunities elsewhere. These statistics spotlight a growing disconnect between employer perception and employee reality in the workplace, which is contributing to an already startling talent drain…We call this employee-employer friction the “me” versus “we” mindset…It means employers need to recognize that attracting and retaining talent is getting harder due to an abundance of opportunity for accounting professionals.” Read the entire article at AccountingWEB. 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...

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New Hire Paperwork: Requirements & Recommendations

Various federal, state, and local laws require that employees complete certain paperwork at the time of hire. In addition to these requirements, other paperwork is recommended to help you administer payroll, benefits, and other HR responsibilities. Here are some of these key forms: Required New Hire Paperwork: Form I-9. An I-9 Form must be completed to verify that the new hire is authorized to work in the United States. Section 1 of the form must be completed by the end of the employee’s first day of work for pay (but it cannot be completed until the employee has been offered, and has accepted, the job). Employers must complete Section 2 within three business days of the employee’s start date. For example, if an employee begins work on a Monday, Section 2 must be completed by Thursday. Note: In November 2016, the government released a revised version of the I-9. Employers were required to begin using the new version by January 22, 2017. Form W-4. All new hires must complete...

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STEM Graduates Benefit in Today’s Job Market

Dice Insights, a blog focused on recruitment, posted an article about the new crop of STEM graduates flooding into the marketplace and the level of wages they can expect to receive. The article shares a quote from a recent FORTUNE video where Carlos Rodriguez discussed entry-level wages for graduates in the STEM space. According to Carlos Rodriguez, CEO of payroll-processing giant ADP, graduates with degrees in a STEM discipline can expect to pull down as much as $65,000. “Employers are definitely going to be on the offensive here trying to find people,” he told Fortune. To learn more read: How Much are STEM Graduates Earning? 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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Professional and Business Services Industry Continues to Provide Steady Gains Regionally

According to the ADP Regional Employment Report, in May we saw significant employment growth across all regions. While the professional and business services industry continues to add steady gains, we also saw modest gains in the natural resources and mining, and construction industries this month. The ADP Regional Employment Report is produced by ADP®, a leading global provider of Human Capital Management (HCM) solutions, in collaboration with Moody’s Analytics, Inc. Here is a closer look at the regional numbers: California added 34,500 jobs Florida added 13,500 jobs Illinois added 9,400 jobs New Jersey added 6,200 jobs New York added 13,400 jobs Texas added 30,900 jobs Broadly distributed to the public each month, free of charge, the ADP Regional Employment Report measures the change in regional and state nonfarm private employment each month on a seasonally adjusted basis. For more detailed information, please visit: 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...

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An Eventful Year for Businesses, and Another One to Come

Insights from the ADP Research Institute® annual study of midsized business owners A lot can change in a year. This has been particularly true of the past 12 months, in which we’ve seen several upheavals and major shifts in business, government and public life. In 2017, much uncertainty remains. A new ADP Research Institute study,”Midsized Businesses Poised to Lose Balance in Time of Uncertainty,”surveyed 756 midsized business owners, C-suite executives and senior level executives about their experience and plans looking forward. The annual report points to the fact that U.S. businesses staffing between 50-999 workers are still taking a wait-and-see approach to business practices that could, over time, lead to weaknesses in strong or strengthening companies. Why focus on the middle market? Because midsized businesses play a key role in the economy in terms of job volume and revenue. The Center for Middle Market Research asserts that “if the U.S. middle market were a country, its GDP (gross domestic product) would rank it as the fifth largest economy in...

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ADP Ranks #45 for Large Employers on Computerworld’s Best Places to Work in IT 2017 Ranking

ADP was included in Computerworld’s Best Places to Work in IT 2017 ranking, coming in at #45 in the Large Employers category. Why You Want to Work Here This provider of payroll and tax-filing processing services invests in R&D and the technology platforms required to meet business and client needs, allowing IT associates to focus on innovation. ADP employees work in “innovation labs” and take part in hackathons to deliver breakthrough capabilities. The Roseland, N.J.-based company’s IT department has recognition programs to celebrate employees’ contributions, and IT leaders support employee advancement in various ways, such as encouraging people to act as thought leaders at conferences and highlighting high-potential IT staffers in corporate videos and on the company intranet. ADP offers competitive compensation, and the company’s job-rotation program enables employees to explore opportunities for growth. The employers in the Best Places list are ranked by company size: Large organizations have 5,000 or more U.S. employees; Midsize have between 1,001 and 4,999 U.S. employees; and small organizations employ 1,000 or fewer...

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Why the Candidates You Reject Are Just as Important as the Ones You Hire

By Liz Gelb-O’Connor, VP Global Employer Brand & Marketing, ADP Employer branding can be a tricky thing in today’s increasingly noisy communications market. Companies no longer have the luxury of keeping a tight grip on the public’s perception. Where businesses were once able to largely control their own reputation through public communications, in the digital age, employer brand is much more intricate and complicated. Websites like Glassdoor and Indeed have democratized information on salary, culture, and overall workplace experience. Meanwhile, social media has proliferated wider public conversation and interaction with all businesses and brands. Many companies know these things, and often, they will focus on ensuring great brand experience for clients, consumers and employees. However, one demographic can easily be forgotten: job candidates. The need to provide a successful candidate experience is three-fold. First, the ever-increasing war for talent demands companies put their best foot forward in order to secure top candidates. Second, companies then need to keep their promises – ADP’s recent study Evolution of Work 2.0 found...

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ADP Solutions for Payroll, Workers’ Compensation and Employee Handbooks Hit ‘The Spot’ for Local Restaurateur

Ever since she was a teenager, Cassie Fishkin dreamed of owning a restaurant – a comfortable, informal little place where people could gather for long conversations and healthy food. She told herself it would be her “retirement” career after she’d succeeded as an attorney. She never imagined her passion to be a restaurateur would outweigh her desire to practice law. Once she’d made that life-changing decision, however, Fishkin bought into a restaurant partnership and began honing a new set of skills. She rotated through every position, learning the nuances and challenges of restaurant management. She combined her business acumen and creativity, and realized that she’d finally found her professional niche. In 2015, she also realized her dream when she opened the doors of her bistro, The Spot, in Montclair, N.J. At first catering to walk-in, take-out and delivery business, the restaurant grew to accommodate patrons who wanted to sit and linger over their meals. With this growth, as most small business owners learn, came myriad day-to-day challenges that absorbed...

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Fostering a Security Conscious Culture

At a recent MIT Symposium about cybersecurity, James Lugabihl of ADP’s Global Security Organization, shared his thoughts on fostering a security conscious culture. He laid out several steps to help drive a security culture: Managing privileged administrator accounts, having proper network segmentation and implementing the right crisis management plan. Organizations need to plan properly and focus on the proper execution of their incident response plan, he added To learn more about what was covered during this interesting session, read the following TechTarget story: 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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Accountant Connect from ADP Grabs 2017 CPA Practice Advisor Tax and Accounting Technology Innovation Award

Whether it’s reducing precious cycles all year long, especially during tax season, or finding tools that can help them position themselves as strategic advisors to their clients, accounting professionals never waiver in their need for streamlined reporting and practice management resources. Those attributes are among the reasons Accountant ConnectSM from ADP® was honored last night with a 2017 CPA Practice Advisor Tax and Accounting Technology Innovation Award. Announced during a reception and ceremony at the California Accounting & Business Show under way in Los Angeles, Accountant Connect beat 39 other entries to grab this leading accounting industry distinction. Entries were judged by an independent advisory panel comprised of the editorial staff at the publication, thought leaders among the profession, and the publication’s Editorial Advisory Board. Board members include accounting and tax professionals from various sized firms across the country that are engaged in a variety of practice areas. “We understand the value accounting professionals derive from innovative technologies that can save them time and make their businesses more efficient,...

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