Categories Menu

Connect@ADP

Partnering with a more human resource

The Penny Hoarder Shares Workforce Vitality Report Findings with Readers

The Penny Hoarder Shares Workforce Vitality Report Findings with Readers

The Penny Hoarder, a popular personal finance site, recently shared key findings from the ADP Research Institute’s Workforce Vitality Report in an article titled, “How Quitting Your Job Could Help You Make More Money.” The story discusses how job switching can have a greater impact on an employee’s wages than staying put — “Employees who quit one full-time job and move to another new one see an average 6% wage increase, compared with 4.6% for those who stayed in the same job.” The story also looks at how industry, age, tenure and gender can play a factor in wage increases as well. Read the full story here: https://www.thepennyhoarder.com/jobs-making-money/changing-jobs-get-a-raise/ 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...

Read More
USA Today Highlights Workforce Vitality Report Data

USA Today Highlights Workforce Vitality Report Data

In an article titled “Tight labor market giving more Americans career clout,” USA Today leverages recent ADP Research Institute data from our Workforce Vitality Report highlighting that the tightening labor market is creating an opportunity for job switchers to increase their wages. “About half a million U.S. workers left one job for another in the fourth quarter, up from 406,000 in the same period in 2015 and 365,000 two years ago, according to estimates by private payroll processor ADP. That trend largely has been reported by the Labor Department and reflects a more vibrant job market. But ADP, which, unlike Labor, can track employees as they move among jobs, also finds that more of them are shifting into new sectors, such as a marketing manager who leaves retail for finance. In eight of the 10 major industries tracked by ADP, the share of job-switchers who came from a different industry increased from late 2014 to late 2016 while the share swapping jobs within the same industry fell. That’s up...

Read More
CNN Money Highlights ADP Research Institute Data

CNN Money Highlights ADP Research Institute Data

CNN Money recently quoted Ahu Yildirmaz, vice president and head of the ADP Research Institute, in an article titled “U.S. manufacturing job openings at 2007 levels.” Ahu discusses a shift we are seeing in the types of jobs currently available in the manufacturing industry and features data from the Q3 2016 Workforce Vitality Report. In a recent interview Ahu stated: “When we look at our data we see that proportionally more firms are paying on average higher hourly wages. This reflects the overall wage increase in manufacturing, however, it also implies more firms have high skilled, high wage jobs. For example, in 2008, 50% of firms paying more than $25 per hour on average. Today, that number increased to 70%.” With increases in automation, the manufacturing industry has a high demand for high-skill, high wage jobs. This shift also highlights a need for increased training to ensure workers have the skills to fill the openings in the sector. Think this is interesting? Learn more data-driven insights about today’s workforce...

Read More
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...

Read More
ADP Regional Employment Report: May Job Growth in the South and Northeast Higher than April

ADP Regional Employment Report: May Job Growth in the South and Northeast Higher than April

Jobs Added Numbers Decrease in West and Midwest Private sector employment increased in all four major regions and all nine U.S. Census Bureau Divisions during the month of May 2016, according to the monthly ADP Regional Employment Report®, which is produced by ADP®, a leading global provider of Human Capital Management (HCM) solutions, in collaboration with Moody’s Analytics, Inc.  Broadly distributed to the public each month, free of charge, the ADP Regional Employment Report measures monthly changes in regional nonfarm private employment on a seasonally adjusted basis. “The South rebounded somewhat from a weak April as the loss of good-producing jobs slowed,” said Ahu Yildirmaz, VP and head of the ADP Research Institute®. “The South Atlantic states, North and South Carolina, Florida and Georgia continue to drive growth, picking up the slack from the still struggling Oil Patch states.” On June 2, 2016, the ADP National Employment Report® reported that total U.S. private sector employment increased by 173,000 jobs from April to May. May 2016 Report Highlights Click here...

Read More
Page 1 of 212