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How HR Can Better Use Technology to Drive Talent Strategies

How HR Can Better Use Technology to Drive Talent Strategies

Employee Benefits News recently published an intriguing article by Jordan Birnbaum, ADP Chief Behavioral Economist, titled “How HR Can Better Use Technology to Drive Talent Strategies.” Birnbaum says that behavioral economics (BE) is about understanding the true nature of human behavior and decision-making. Human beings are not always driven by rational self-interest. In fact, much of human behavior and decision-making is actually irrational. But irrational does not mean unpredictable, allowing behavioral economists to anticipate human reactions in order to structure more productive interactions. When BE strategies are used at work, they can help leaders anticipate what truly matters in helping employees feel more engaged, thereby better serving the organization’s mission and the employee experience. Read the full article to learn how BE is influencing the future of work and how HR leaders can utilize technology to help deploy BE...

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Data-Driven Insights Can Help Reduce Costly and Disruptive Employee Turnover

Data-Driven Insights Can Help Reduce Costly and Disruptive Employee Turnover

In today’s tightening labor market, recruiting and hiring skilled talent isn’t the only challenge employer’s face. The other, equally important, consideration is employee retention. This is especially important amid a 17-year-low for unemployment and increasing market incentives for job-switchers. The ADP Research Institute® (ADPRI) recently published a report, “Revelations from Workforce Turnover,” which found that more than 60 percent of employee turnover is voluntary. Using aggregated and anonymized payroll data from more than 41,000 companies and 12.5 million employees, ADPRI identified that, on average, five percent of U.S. employees leave their jobs every month and more than 40 different factors can contribute to their decision to leave. Day-to-day, business and HR leaders witness firsthand the challenges and costs associated with voluntary employee turnover. This includes hiring and training new workers, managing employees through temporary capacity gaps during vacancies, and surviving the loss of valuable institutional knowledge. These are difficulties employers have simply come to accept as the byproduct of turnover. But what if there was a solution? The ADPRI...

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ADP’s Marc Rind on TLNT: 4 Benchmarks and What They’ll Tell You About the Business

ADP’s Marc Rind on TLNT: 4 Benchmarks and What They’ll Tell You About the Business

TLNT has published a byline by Marc Rind, vice president of product development and chief data scientist at ADP, titled “4 Benchmarks and What They’ll Tell You About the Business.” The article explores how benchmarking brings insights that answer questions HR and team leaders need to know, such as: Am I seeing higher turnover than similar companies? Am I offering the best benefits to keep my fresh, rockstar developers? Are people from my team absent too often? It also highlights how this is especially critical in today’s labor market, where job switching is at an all-time high and finding skilled talent is tough. The article explains that 61% of the workforce is either actively or passively seeking new opportunities, according to the ADP Research Institute’s (ADPRI) study Fixing the Talent Management Disconnect. Read the full article...

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ADP Ranked #1 Among Business Service Peers by Security Magazine

ADP Ranked #1 Among Business Service Peers by Security Magazine

Beating out top consulting firms, defense contractors, and even armored car companies, ADP topped Security Magazine’s “2017 Security 500 Rankings” among business service firms. Since 2009, Security Magazine has sought to identify the best security programs and leaders each year in its global Security 500. ADP has ranked first on the list three out of the past 4 years. Led by Roland Cloutier, ADP Chief Security Officer since 2010, the ADP Global Security Organization has worked closely with clients across the globe for more than 65 years. Expertise from the company’s security professionals is fully integrated into ADP products, business processes, and infrastructure in order to continue earning and strengthening the trust of the more 700,000 clients that ADP helps each year. Security at ADP isn’t just about data—it’s about everything. Working to prevent the next hack, phishing email, or other threat means using digital methods, but also keeping software up to date, educating one’s workforce, helping to physically secure key assets, and having action plans ready to go...

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HRE Daily features ADP’s Ahu Yildirmaz: Thinking Like an Economist

HRE Daily features ADP’s Ahu Yildirmaz: Thinking Like an Economist

HRE Daily wrote a recent article about incorporating analytics into hiring and HR practices, featuring Ahu Yildirmaz, Co-Head of the ADP Research Institute®. According to workforce industry economists speaking at a session titled “The Real Economics of HR Technology: Using Big Data to Drive HR Decision Making” during the HR Tech Conference on October 11th, you don’t need to be a tech giant to incorporate analytics into your hiring and HR practices. In fact, employers that aren’t using analytics to improve recruiting and other aspects of people management put themselves at a distinct disadvantage. A tight labor market that is intensifying competition for workers, technological innovation, the evolution of how work gets done and changing labor demographics make it imperative to plan for the future, and analytics are the best way to do that, economists said. “CHROs have to think like economists, not just CHROs, but the entire C-suite should be using data to understand how best to allocate talent resources to optimize their workforce and increase margins,” said...

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