How to cope with a VUCA world in HR

Posted by: ADP on 24 November 2016 in Human Capital Management, Innovation & Technology

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“I know that I know nothing” is a well-known sentence attributed to the Greek philosopher Socrates. Nobody actually knows anything, but he actually knows this thing, so he knows something. This is called the “Socratic paradox” – and it’s pretty confusing. Even back then people couldn’t predict the future, didn’t exactly know what the next day will bring, but it was less complex then today. Nowadays people have much more opportunities, much more choices. The globalization offers everyone to start a new life on the other side of the world. The internet offers everyone, who has access to it, knowledge and information that can help you to learn something new and to start a new life. The horizon got bigger and so did the world for each single person. Travelling in the ancient Greece was something special and not as…

Millenials are boomerangs

Posted by: ADP on 10 November 2016 in Non classé

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Millenials have a reputation for job-hopping. People born between 1980 and 1996 are said to move freely from company to company, more so than any other generation. It’s possible that many millennials actually don’t want to switch jobs, but their companies aren’t giving them compelling reasons to stay. While millennials seems to wanting more and more, the reality is that they just want a job that feels worthwhile and they keep looking until they find a job with which they feel comfortable.In the old days it was like: If you leave, you’re dead to us. It is not possible for a company to operate that way today if it wants to be successful. In the old days it was: “You come. You stay with us. You work with us. You get a pension.” Today people are not likely to stay…

Five’s the charm – ADP made it to the top spot in Gartners Payroll BPO for the fifth year in a row

Posted by: ADP on 10 October 2016 in Non classé

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When it comes to business success and comparability to competitors, there are many factors that different companies and analysts look at to see the bigger picture. But maybe none have become so important as “Completeness of Vision” and “Ability to Execute” – the two measurements Gartner is using in their Magic Quadrants, where they help sorting different markets by categorizing companies of one area. According to the MQ, you are either a Niche Player, a Visionary, a Challenger – or a Leader. And when it comes to Payroll BPO, ADP made it to the top of the leader pile, again, for the fifth year in a row.The 2016 study analyzed payroll vendors across all regions, employer sizes, and service-delivery models. According to Gartner, “Leaders perform well by having a clear vision of the market’s direction and clients’ needs, and by…

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…