ADP®, a leading provider of outsourced HR, payroll and benefits administration services, today announced the enhancement of ADP Workforce Now™ to include talent management capabilities designed to enable mid-sized organizations to find, grow and keep the talent they need to compete and win in the marketplace.
ADP Workforce Now is the premier single-source, integrated solution that offers robust HR, benefits administration, payroll, time and attendance and talent management functionality specifically designed for mid-market organizations with 50 to 999 employees.
Many large organizations have already implemented talent management solutions to help identify top talent, track skills, build development plans, align team members with strategic initiatives and groom future leaders. However, a recent study by ADP entitled “Automated Talent Management: The New Strategic Imperative for Performance Efficiency” (March 2010), found that the majority of mid-sized organizations continue to manage their talent manually:
• 82% manage performance management manually;
• 81% manage applicant tracking manually;
• 78% manage compensation manually;
• 74% manage background checking manually.
In fact, because there is such a lack of easy-to-use, affordable and integrated solutions, only 8 percent of mid-sized companies use the same provider for HR, payroll and talent management.
“When it comes to making sure the right people with the right skills are in the right positions, mid-sized companies have just as much at stake — perhaps more — than larger ones,” said Regina Lee, president of ADP Major.
Prior to using ADP Workforce Now, Coconut Grove Bank, Coconut Grove, Florida used three different systems and a variety of manual processes to manage HR, payroll and talent. “We were looking to improve organizational efficiency, streamline the number of vendors involved in our HR systems and elevate our strategic contribution to the bottom line,” said Ana Ishii, HR Director at Coconut Grove Bank. “With ADP Workforce Now, we will meet our needs across the employee lifecycle with a single solution, single service experience and single provider.”
Today, more than 2,000 companies leverage ADP Workforce Now to drive their organizations forward.
For more information about the ADP study, download the white paper “Automated Talent Management: The New Strategic Imperative for Performance Efficiency” at ADP.com/StrategicHR.
Automatic Data Processing, Inc. (Nasdaq: ADP), with nearly $9 billion in revenue and about 570,000 clients, is one of the world's largest providers of business outsourcing solutions. Leveraging 60 years of experience, ADP offers the widest range of HR, payroll, tax and benefits administration solutions from a single source. ADP's easy-to-use solutions for employers provide superior value to companies of all types and sizes. ADP (adp.com) is also a leading provider of integrated computing solutions to auto, truck, motorcycle, marine and recreational vehicle dealers throughout the world. For more information about ADP or to contact a local ADP sales office, phone 1.800.225.5237 or visit the company's Website.
For more information, contact:
Naomi Bata, Cohn & Wolfe for ADP