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Top-Tier Recruiting Strategies for Small Businesses

Top-Tier Recruiting Strategies for Small Businesses

Finding great talent can be one of the toughest parts of running a small or midsized business. When you consider that unemployment is at a 17-year low and that job switching is at an all-time high, the task of recruiting top talent can look daunting. Unlike large organizations that have many resources dedicated to hiring, small business owners are often handling it on their own, in addition to many other HR tasks. Recruiting can end up taking valuable time from business owners and hiring managers that could instead be used to boost sales, engage employees and help customers. According to small business owners surveyed by ZipRecruiter® in 2017, 90 percent of respondents reported that candidate quality and availability are their biggest roadblocks when it comes to hiring.1  This is why I am excited to announce that we are teaming with ZipRecruiter to help our small business clients connect with the right candidates quickly. Through this partnership, we are bringing ZipRecruiter’s sophisticated matching technology to the more than 500,000 small...

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Four Ways Small Businesses Can Compete for Top Talent

Four Ways Small Businesses Can Compete for Top Talent

Ask any business leader today what he or she is worried about, and they will most likely discuss the challenge of attracting and retaining top talent. Nowhere is this concern greater than in the minds of small-business owners. It is even tougher when the job market tightens. October was one of the best job-creating months this year, with 235,000 private-sector jobs added. This means the pool of unemployed workers continues to shrink and current workers are being lured with big pay bumps to switch jobs. It’s causing managers — from companies big and small — to worry about how they can compete for skilled workers. This is especially challenging for small businesses. When small businesses need to fill a job, they are going up against the recruitment campaigns, salaries and benefits that larger companies can offer. However, despite the challenge of fewer candidates seeking work and the pressure to retain current employees, small businesses can have a real advantage in attracting and retaining top talent if they use their...

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Got a PEO? Why not?

Got a PEO? Why not?

By Brian Michaud, Senior Vice President, ADP TotalSource® A new study from the National Association of Professional Employer Organizations® (NAPEO) shows that small businesses that use a Professional Employer Organization (PEO) to manage HR for their employees actually see double the annual revenue growth than a company that doesn’t. That sounds like a pretty startling statistic, don’t you think? But when you look at the numbers, it’s actually pretty obvious – PEOs are lowering the stress levels and increasing the effectiveness of small business owners. That’s because while business owners retain the day-to-day control over management of their employees, a PEO handles the HR and employee benefits administration responsibilities. Businesses who partner with a PEO gain access to a larger suite of offerings, including FORTUNE 500®-caliber health benefits and employee growth and development programs. These, in turn, allow clients to provide more robust benefits to help attract and retain employees. There are a number of areas where businesses are benefiting from the value of outsourcing their HR. It’s a...

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Accounting Professionals and Their Small Business Clients Benefit from ADP and Wave Collaboration

Accounting Professionals and Their Small Business Clients Benefit from ADP and Wave Collaboration

We continue to see accounting firms expand their services to grow their practices beyond traditional accounting services and payroll. And, as they do that, they’re always on the lookout for tools and resources that can help them better manage the ever-widening scope of human resources (HR) and payroll challenges that their small business clients encounter. That’s why we’ve decided to collaborate with Wave, a private cloud-based provider of financial software for small business that includes invoicing and free accounting. Together, we’re giving our clients and accounting professionals yet another way to more easily and efficiently process payroll and run their complete business financial life directly from their RUN Powered by ADP® dashboard. Specifically, accountants will benefit because we’re adding to the tools they already use to help clients with these tasks. Not only can Wave complement other accounting and invoicing solutions, this collaboration between ADP® and Wave has several valuable elements. And it gives customers of RUN Powered by ADP and ADP® Accountant Connect a seamless, cohesive, and automated...

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Which Hat is it Today? ADP Study Finds 1.5 Million U.S. Small Businesses Spend Billions to Manage HR as an ‘Ad Hoc’ Function, Increasing Business Risk

Which Hat is it Today? ADP Study Finds 1.5 Million U.S. Small Businesses Spend Billions to Manage HR as an ‘Ad Hoc’ Function, Increasing Business Risk

By Brian Michaud, Senior Vice President, ADP TotalSource® Small business owners and their employees wear a lot of hats. One day it’s sales maven, the next it’s marketing guru or back-office ace. It seems to be the nature of the beast. But that approach – especially for small business owners who already push the boundaries of a 24-hour day with limited resources – has a startling downside and tangible hidden cost, according to a recent ADP® study. The study indicates that as many as 70 percent of small businesses in the United States – which equates to potentially 1.5 million of them – handle the human resources (HR) function with staff members who manage it on an “ad-hoc” basis in addition to their primary job. The study also shows that these ad-hoc HR managers spend more than 13 hours a week on average on human resources tasks, taking significant time away from their core responsibilities. Based on this time spent and the average wage of a small business employee,...

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