5 Tips for Managing the Impact of Employee Absences

Posted by: on 4 April 2016 in Human Capital Management

Managing absenteeism has become a critical component of human resources strategy. With each passing business day, it’s becoming increasingly more complex to consistently and uniformly apply federal and state laws governing absenteeism, and to align those regulations with organisation policies across multiple locations. The impact of employee absences can be astonishing. According to a recent Gallup-Healthways Well-Being Index (1) the total annual costs related to lost productivity due to absenteeism in the U.S. totalled $84 billion (€77.3 billion). Although the annual costs associated with absenteeism vary by industry, the greatest loss occurred in professional occupations at $24.2 billion (€22.3 billion). There are direct and indirect costs of absence that can cascade through payroll, benefits, and operations – in addition to productivity loss. And the reasons for an employee taking leave are many and varied, ranging from employee’s injury and illness,...

How do you say #hellowork?

Posted by: on 31 March 2016 in Human Capital Management

Work isn’t just work. It’s where friendships are made. Challenges are met. Achievements are recognised. Stories are cemented in time. Amazing things happen in those eight hours. Our HR solutions are based on real people helping other people solve problems with technology and an approach that never loses the personal touch. Increasingly, our technology is delivering an experience our clients love to use. What you know and think about ADP is evolving. And that’s why we adopted the new tagline — ADP: A more human resource. We bring this tagline to life with a celebration of work and the people who make businesses run. Say #hellowork Let’s celebrate all the human elements that make up the workplace, the people, and the relationships that make businesses grow. Work is more than just a job, it’s also an integral part of the human experience. The hashtag...

Is your business riding the ‘third wave’ of globalisation?

Posted by: ADP on 29 March 2016 in Human Capital Management

Did you know that we are living in the third wave of globalisation? The first was driven by the industrial revolution; the second, post Second World War, brought us the World Bank, MacDonald’s and Coca-Cola. Now the third, driven by the birth of the internet, has allowed even micro businesses to spread their reach, making national boundaries insignificant.  The number of transnational corporations has tripled over the past two decades. In fact, this business model – a central global strategy with operations in multiple countries – now generates a full 25% of global GDP. With this continued globalisation shift, Human Capital Management is coming into sharp focus. Unsurprisingly, companies are turning to technology to conduct business between any two points on the globe. The digital revolution has seen global companies move top talent around the world more frequently, often overseeing short-term,...

Talent management challenges hamper growth in global companies

Posted by: ADP on 25 March 2016 in Human Capital Management

This was a key takeaway that caught my attention from recent research by the ADP Research Institute®, “Harnessing Big Data: The Human Capital Management Journey to Achieving Business Growth.”  In fact, the study revealed that the top global business challenges facing multinational employers are:   Talent management Bridging cultural differences Compliance requirements Yet, recruiting and retaining the right people in the right locations requires a data-driven talent strategy. Achieving that begins with a unified workforce management infrastructure. FACT: Global companies manage an average of 33 payroll and 31 #HR systems – a 40% increase from last year. More here. More than two-thirds of survey respondents recognise the need for consolidation and say they want a more unified Human Capital Management (HCM) system. However, the study found that global companies currently manage, on average, a staggering 33 payroll systems and 31...

Standardisation, not a hot topic? Until you realise the difference standardised HR systems can make

Posted by: ADP on 23 March 2016 in Human Capital Management

What’s every organisation’s greatest asset? It may have become a cliché – in fact, we could all sing-a-long to the answer – but it is, of course, “its people”. Funny, then, that most organisations – even some very big ones (in fact, especially the very big ones) – have little idea where their employees are or what they are up to half the time. Pulling together fragmented HR systems The problem is a systemic one. Most HR employee data sits on outdated computer systems that can’t talk to each other. We dream of flashy apps, while in reality inputting employee data on an Excel spreadsheet circa Windows 2005. That sounds like a joke, but sadly it’s true: 37% of companies’ data are left sitting in Excel or similar types of databases. That wouldn’t be so bad if everyone had access...