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Forbes: How ADP Gives Data Value Back To Its Customers

Forbes: How ADP Gives Data Value Back To Its Customers

Forbes has published a feature article on ADP DataCloud titled, “How ADP Gives Data Value Back To Its Customers.” The article explores the many features of ADP DataCloud, its value in helping clients use accurate and timely data to make strategic business decisions. Says Forbes, “Most of the analytics in the ADP DataCloud and benchmarking offerings are descriptive—generating reports with percentages and averages, often in visual formats. But there are also some predictive analytics available. There is a turnover probability tool, for example, that uses not just a company’s own data but industry-wide data and predictive models based on it. Using factors like employees who have been in their role for too long, or who are underpaid for their job type, the model identifies employees at high risk for attrition. If the employer wants to hold on to those employees, it can investigate further or make an intervention.” Read the full article...

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ADP Does It Again! Wins ‘Awesome New Technologies’ Award for Record Third Year in A Row

ADP Does It Again! Wins ‘Awesome New Technologies’ Award for Record Third Year in A Row

ADP® has scored a three-peat, taking home the title of one of Human Resource Executive’s “Awesome New Technologies,” for a third straight year with its Pay Equity Explorer solution. Pay Equity Explorer is an innovative tool that combines data science and benchmarking and is built on the biggest dataset in human capital management, the award-winning ADP® DataCloud. The solution was developed to help organizations uncover insights and identify potential areas of risk when it comes to gender or race pay gaps so they can stay competitive in the war for talent. In addition to the legal requirements for equitable compensation at the state and federal levels, pay equity can impact an organization’s ability to attract and retain talent. In fact, a study by Aptitude Research Partners found that organizations that make pay equity a priority see on average 13 percent higher engagement levels, have lower than industry average turnover, and are 19 percent more likely to exceed industry average levels of productivity. What’s more, significant pay gaps increase a...

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

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...

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