Talent Management: the latest weapons in the war for talent

Posted by: ADP on 21 March 2016 in Human Capital Management

Get ready for a shock. I hope you’re sitting down. You know how important talent management is to HR? In fact, it’s pretty much the whole point of HR, right? Yet research by ADP find that only 8% of HR’s time is devoted to talent management. Only eight percent! Or to put it another way, if 92% of HR’s time is NOT focused on talent management, then what are they doing? The global workforce reality According to a survey by Harvard Business Review, almost 60% of respondents said they work in an environment without a culture of quality, especially when it comes to having peers who go “above and beyond.” Gallup believes that only 13% of the global workforce is highly engaged, and Glassdoor research shows that only half of all employees would recommend their employers to their friends. Unfortunately, employers...

HR: bridging the divide between business expansion and talent challenges

Posted by: ADP on 18 March 2016 in Human Capital Management

This is another of the key insights. I took away from recent research released by the ADP Research Institute®, focusing on the human capital management needs of multinational companies. HR leaders should take notice. The key to any successful new market expansion is having the right talent in place. From predicting workforce impact to identifying investment needs, HR can deliver valuable insights that will help inform decision-makers’ business expansion plans. Unfortunately, there seems to be a hesitancy to execute against talent strategies. The study found that nearly two-thirds (62 percent) of North American HR executives say they plan to boost headcount outside their headquartered country in the next one to two years. However, a recent PricewaterhouseCoopers Global CEO Survey revealed that while 93 percent of CEOs say their talent strategy must change to make their expansion successful, only a third...

The business impact of absenteeism

Posted by: ADP on 17 March 2016 in Human Capital Management

I’ve always looked forward to Autumn. Temperatures are still warm and the evenings are still long. Of course, staying focused on work when a gorgeous day is calling can be tough. It is also a significant business challenge to our clients as they experience instances of planned and unplanned absences from those making the most of the good weather, while it lasts. With the right communications, tools, and processes, many organisations are finding that they can identify and address the root causes of unplanned absences, respond to absenteeism in a more timely manner, and make better decisions to ensure business continuity and control unnecessary costs. It’s important to consider the impact of absences and strategize about how to make them a business priority. Absence affects labour costs, overtime, productivity, and employee satisfaction. For instance, according to SHRM’s Total Financial Impact...

The New Way We’ll Work

Posted by: on 15 March 2016 in Human Capital Management

ADP Research Institute Study Sheds Light on How Employers Can Plan for the Future Workplace The workplace is evolving faster than ever before. Employers should be aware of – and manage – five overarching trends in order to lead and grow in the future, regardless of geography or industry. Employees’ demand for greater choice and flexibility, access to real-time learning, increased autonomy, sense of stability, and the ability to work on personally meaningful projects are driving global workplace transformation. These findings are part of the ADP Research Institute’s 2016 Evolution of Work study, a global look at workplace trends across 2,000 individuals in 13 countries. Specifically, the study found: While most workplace changes are perceived positively, there is fear that automation and smart machines will replace work being done by humans. 92 percent of people believe technology will allow for...

3 steps to simplify global workforce management

Posted by: ADP on 11 March 2016 in Human Capital Management

In my previous blogs, I’ve shared my key takeaways from recent research on the Human Capital Management (HCM) challenges facing multinational companies. Today, I’ll share how HR leaders can apply those insights to more strategically manage their growing global workforces. Here are my recommendations: Streamline your infrastructure. Reducing the number of disparate HR and payroll systems your company operates is a great place to start. Not only will consolidation help you more efficiently manage employee data across multiple countries and/or jurisdictions, but it will also enable you to uncover workforce trends on a global scale to inform HR decision-making. Focus on outcomes (not processes). With a unified HCM system, your HR department can shift its primary focus from administrative HR processes to more strategic initiatives that impact your company’s core business objectives. This is especially critical as companies expand into...