Why training is the key to stronger talent management – including retention

Posted by: The ADP Team on 20 July 2017 in Human Capital Management

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About two thirds of organisations today have a training budget, according to The Society for Human Resource Management – with 39 percent of respondents reporting increases to training budgets in the last 12 months. A major driver for this commitment is the demands of the knowledge economy and challenging market conditions. There's clearly an increasing desire for business leaders to nurture a multi-skilled workforce who have the ability to work in a variety of roles, as requirements change. The ADP Research Institute® (ADP RI) Evolution of Work report found that 68% of surveyed Australians "already use technology to learn anything, anytime, anywhere." So why are some companies still not investing in training? One reason can be the fear that an employer spends the time and money training employees, only to see them take those newly acquired skills to another company. Good training programs can however…

Reducing Work-Related Stress: 4 Tips for Better Balance

Posted by: The ADP Team on 18 July 2017 in Human Capital Management

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According to corporate psychology organisation, AccessEAP, work-related stress is the most common workplace issue in Australian workplaces, with 91 per cent of those surveyed admitting to being stressed at work. As organisations across Australia and the world operate in a more Volatile, Uncertain, Complex and Ambiguous (VUCA) environment, controlling work-related stress can seem even harder and anyone can be affected. From new entrants to the workforce to the most seasoned business leaders, no one is immune from the disastrous consequences of work-related stress. Here are four tips to help you control work-related stress and find better work-life balance. 1. Busy does not equal productiveTime and energy are perhaps your most important – and most limited – resources. Spending a 12-hour workday grinding through emails, meetings and calls isn't the only indicator of high performance.  There's an important difference between being "busy at meetings" and…

Guerrilla recruitment: 6 strategies for engaging passive candidates

Posted by: The ADP Team on 11 July 2017 in Human Capital Management

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You only want the best employees for your organisation. Unfortunately, so do all your competitors. According to a PwC global survey, 52% of CEOs say they plan to increase headcount in the next 12 months. 61% of  CEOs do not however believe their business is recruiting fast enough or well enough, according to Josh Bersin, founder and Principal of Bersin by Deloitte. Talented employees are highly in-demand so to find new ways to build your bench of talent, you should also consider engaging passive candidates. These are people who are already employed and aren't actively looking for a new job, but they would make a move one day if the right opportunity came along. Engaging passive candidates can however be a hard gig for a recruiter. The best talent managers are often adept at using a mix of non-traditional techniques. Sometimes called, guerrilla recruitment, this…

Controlling business costs: some non-traditional options

Posted by: The ADP Team on 10 July 2017 in Finance

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For finance professionals, controlling business costs is a core function. When cuts are required, they often look to the 'usual suspects' such as renegotiating supplier/vendor relationships, eliminating positions that aren't driving sufficient growth or exploring automation solutions. But what can you do about controlling costs when those low-hanging fruit have already been plucked? Here are four options to consider that may allow your business to benefit from savings and increase your profitability.Not all business costs carry equal weightRather than focusing on across-the-board cuts in all your business areas, which may sound fair on the surface, look instead to strategic cuts that will support better-performing areas. According to PwC, 93% of Australian CEO's are stepping up and planning for organic growth in the coming 12 months – so driving improved profitability is key. You might even see fit to reallocate additional funds into business…

8 questions to ask when evaluating a managed payroll solution

Posted by: The ADP Team on 4 July 2017 in Payroll

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Payroll processing is an organisational function that is often under consideration for change and improvement. How an organisation handles payroll affects many parts of your business besides just your people. Compliance with complex laws, integration of data and security of sensitive information are all important issues to understand before considering a change. For many organisations worldwide, that's where third-party managed payroll comes in.Here are eight important questions to ask when you're evaluating if a managed payroll option suits your organisation.1. What's included and how does it benefit your business?A true managed payroll solution should assist with meeting compliance requirements for every place the organisation does business, work well with other software and systems, keep data secure and come with expert help that will make sure everything works smoothly. This type of payroll solution can help address potential pitfalls like compliance…