What Has Happened to Traditional Cost-of-Living Adjustment?

Posted by: ADP on 16 September 2016 in Compliance

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This might not be shocking news, given the up-and-down state of many nations' economies, but the traditional cost-of-living adjustment (COLA) (1) for base pay has just about disappeared. A recent study by WorldatWork (2), a global human resources association that focuses on compensation, benefits, work-life balance and other rewards, determined that only 11 percent of U. S. employers even offer a cost-of-living adjustment for stateside employees.So why don't more employers offer what used to be considered an annual entitlement?By the NumbersThe WorldatWork Study, found that COLAs can actually be a demotivating tool for high-performing employees, as they don't appreciate having the same base pay as average, or worse, low performers. Rather, the study showed that employers prefer to increase wages based on promotions and/or added responsibility (96 percent) or for superior work/merit (95 percent). A vast majority of employers (77…

Keeping Up With the Evolving Workplace: Why Knowledge is Key to Remaining Competitive

Posted by: ADP on 6 September 2016 in Multinational & Globalization

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Over the past several years, the nature of the workforce has been rapidly changing. Technology continues to transform the way people work, and fluctuating economic demands shift workforce needs more frequently than in the past. Because of this, access to knowledge and information is increasingly important to employees, who must adapt to shifting roles and compete for work in a global marketplace. Employers often need their workers to accomplish more work in less time, perform a wider variety of tasks, and learn new skills quickly. The challenge for employers is to ensure they’re providing workers with the resources essential to gather knowledge and share information efficiently.The ADP Research Institute® (ADP RI), a specialised group within ADP®, conducted a qualitative and quantitative study among employers and employees to gauge several key trends contributing to the transformation of the workplace. The use…

How to Make Human Resources Social Media Decisions

Posted by: ADP on 29 August 2016 in Innovation & Technology

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Social media isn't going anywhere. That's why human resources social media decisions require strategic consideration to ensure that your employees are using social media appropriately at work — and hopefully in ways that can benefit your organisation.For today's workers, social media isn't just about chatting with friends. It's a vital avenue for building relationships and professional networks as well as collaborating with others across the office and around the world. In fact, according to The Evolution of Work (1), the ADP Research Institute's® latest research report about the changing nature of the global workplace, 88% surveyed say social media will become the collaboration platform for work now and in the future.So rather than banning social media tools in the workplace, smart corporate leaders are working to determine how to manage social media at work and harness its potential for increasing…

How to Improve Retention: 3 Strategies for an Increasingly Global Talent Market

Posted by: ADP on 23 August 2016 in Human Capital Management, Non classé

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In an increasingly global talent market, retention is only getting more difficult. Recent studies by the Society for Human Resources Management (SHRM) indicate that, for CHROs, considering how to improve retention is a key concern for 2016. Some 56 percent of HR professionals in the U.S. believe that strong competition for talent and wages is a major challenge, which should increase pressure on HR leadership to improve retention.Although technological advancements have made it easy for HR departments to expand recruitment strategies to a global scale, this can also introduce risk. As employees realise their organisation's talent is being sourced on a global scale, they also become aware of the wealth of opportunities available to them abroad.Why Your Employees May Look Abroad For young, highly motivated people, international opportunities can hold real appeal. BCG Perspectives (1) has found that 59 percent…

Employee Learning Programs to Manage Workplace Stress

Posted by: ADP on 9 August 2016 in Human Capital Management, Non classé

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No matter your company or industry, stress is a common workplace hazard. As a catalyst for employee health problems, lost productivity, absenteeism, burnout, resignations and workplace accidents, stress is hard to match. HR leaders should be seeking to implement employee learning programs that address the causes and consequences of stress.The Causes of Workplace StressA report from Healthcare Advocates (1) explains the causes of stress: "On-the-job stressors range from unclear job expectations and time pressures to noisy work stations. A significant factor is lack of accommodation for work/life balance, which can add to the stress load."Insights from the ADP Research Institute® Evolution of Work (2) report add additional context to our understanding of workplace stress. The global research suggests that both Millennial employees and Career Knowledge Workers (employees with 5 to 15 years of workplace experience) feel negatively about certain workplace…