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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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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 here! Share this:Click to email (Opens in new window)Click to share on...

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The Next Generation of ADP DataCloud: Using AI, Mobile Access, and Professional Services to Turn People Data into Smart Business Decisions

The Next Generation of ADP DataCloud: Using AI, Mobile Access, and Professional Services to Turn People Data into Smart Business Decisions

Companies understand that people data can give them a competitive advantage. Are employee absence rates higher than they should be? Are pay gaps a risk to retaining employees? Are staffing strategies impacting overtime? Knowing the answers to these questions can save time and money. However, many businesses still don’t have the time or analytic capabilities to turn their data into actionable insights.   Less than one-third of companies have a people analytics strategy, and more than half don’t have dedicated people analytics staff, according to an August 2017 PwC report. Businesses want help. That’s why ADP® is making ADP® DataCloud even more intelligent.   ADP DataCloud is launching next generation capabilities that will elevate its people analytics offering by integrating artificial intelligence, mobile access, and expert advice. Since 2015, ADP DataCloud has leveraged anonymized data from over 95,000 clients and nearly 30 million employees to help businesses improve their data analytics, make better decisions, lower costs, and boost employee morale.   Beginning immediately, ADP now offers People Insights Professional...

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Agemark Improves Data Accuracy and Decision Making with an Integrated Solution from ADP®

Agemark Improves Data Accuracy and Decision Making with an Integrated Solution from ADP®

Originally founded in 1987 as a renovator of historic buildings for reuse, Agemark quickly re-focused both its vision and its mission – to develop exceptional communities that focus on making a positive difference in the lives of seniors and their families. Today the company builds new construction to house its growing portfolio of senior-assisted living communities, with 700 employees working in more than a dozen senior living communities in six U.S. states. As Agemark grew, disparate business software solutions became part of the company’s landscape. While each function – payroll, human resources, finance and accounting – had the software it needed, management had a “must-have” of its own – access to integrated data across all functions that would help maximize informed decision making. Agemark made a strategic decision to implement a solution combining ADP Workforce Now® and Intacct – a leading provider of best-in-class cloud ERP software to improve data visibility and quickly transform data into useful information. Says Alicia Summers, assistant controller at Agemark, “having the data integrate...

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General Data Protection Regulation: What You Need to Know

General Data Protection Regulation: What You Need to Know

It’s hard to believe that we’re now less than one year out from implementation of a major change to data protection laws in Europe: The General Data Protection Regulation, or GDPR. It is the result of four years’ work by the European Union (EU) to standardize privacy laws and protect residents of the EU from the misuse of their personal data and data breaches in an increasingly digital world. Most of the personal data protection laws in the EU haven’t been updated since the 1995 Data Protection Directive. In 1995, only one percent of the European population was using the Internet. Now, not only is the majority of the global economy digital, but many companies are operating globally and processing personal data across borders. The EU Parliament established the GDPR framework as a way to update and harmonize the laws specific to the usage of millions of individuals’ data. With these regulations that take effect on May 25, 2018, come a number of major implications that reach beyond the...

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