ADP Named to List of “World’s Most Admired Companies” by FORTUNE for Eleventh Year

Posted by: samantha on 21 February 2017 in Payroll

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Today, FORTUNE® magazine published its “World’s Most Admired Companies” list for 2017, which recognizes companies who have a strong corporate reputation among their peer set. I’m proud that ADP made the list for the eleventh year in a row. We also ranked #1 in the Financial Data Services industry category for the fifth consecutive year, which specifically considers how we are regarded for what we do.Placement on this list is an honor – and a testament to our commitment to excellence and continuous innovation throughout all aspects of who we are and how we serve our clients. It is also quite humbling, as the title is given based on feedback from executives, directors and analysts from the companies we work with, and criteria spans from investment value to social responsibility. This recognition would not be possible without the dedication of…

Recent hatches: Tax legislation changes in New Zealand

Posted by: samantha on 15 February 2017 in Compliance

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As the End of Financial Year approaches in New Zealand, here’s a look at key taxation legislation changes that could impact your employees and Human Resources/payroll business processes.Employee Share Scheme (ESS) gets more optionsEffective 1 April 2017, employers can opt to withhold PAYE on benefits provided under an employee share scheme by processing them as “extra pay”.If an employer does chose to tax ESS benefits in this manner it would also include other obligations such as student loans and child support.This information will be reported on the EMS regardless of whether PAYE has been deducted or not. It would be classified on the EMS as ‘Gross Earnings’ and ‘Earnings not liable for ACC Earners’ Levy’, except when:an employee or associate of the employee sells share rights to a non-associated third party,share benefits arises from a “Commissioner approved” employee share purchase…

Straight ahead to artificial intelligence?

Posted by: samantha on 9 February 2017 in Innovation & Technology

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I said take the second right after the roundabout!Remember those heated navigational disputes that dominated just about every car journey? Road trips had the capacity to end relationships. Yet, in the last few years arguments over incorrect directions or which route was shortest have almost been eliminated by Artificial Intelligence (AI) – as your GPS or satellite navigation device issued step by step guidance to the driver. Passengers all over the world were instantly free to cease their quarrels and instead take a dozen selfies, check the car mirror to see if they had spinach on their teeth, or ponder the meaning of life!According to a recent MIT Technology Review, Asia is speeding up global AI adoption. Business leaders across many industries view Artificial Intelligence (AI) and robotics as constructive, with expected efficiencies and higher productivity. Human Resource (HR) professionals…

Is workforce diversity one of your greatest business strengths?

Posted by: samantha on 8 February 2017 in Human Capital Management

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The appointment of Susan Kiefel as Chief Justice of the High Court is a significant milestone for Australia – along with our first female Prime Minister and Governor General. Yet the recent Workplace Gender Equality Agency (WGEA) annual scorecard (1) showed that despite our efforts, more than 60% of Australians work in an industry dominated by a single gender – and graduates are overwhelmingly entering fields dominated by their own gender.Equality isn't however only about gender – the parameters extend to race, physical disability, sexual orientation and other barriers. And as more Australian businesses push to promote equality and fairness, it’s worth reviewing how diversity benefits your workplace.Diversity impacts your bottom lineProviding equal employment opportunity is a legal obligation in Australia; failing to provide it may subject you to penalties and massive reputation damage. However, diversity management goes far beyond…

MIT report reveals how Asia is speeding up global adoption of AI

Posted by: samantha on 2 February 2017 in Innovation & Technology

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According to a new MIT Technology Review, Asia’s business landscape is poised not only to benefit greatly from the rise of artificial intelligence (AI) and robotics technologies, but also to define it. The report, Asia’s AI Agenda, suggests that the region’s quest for technology innovation and sustained economic growth drives tremendous investment in the space.Indeed AI and robotics is moving from the assembly line and emerging as an important tool for businesses of all types and sizes. AI is already used to place financial market trades, answer customer queries online, interpret images and handle large volumes of highly detailed work. With the explosive use of big data, the driver to competitive advantage is who can learn fastest from the gathered information, to monetise its value. AI is proving to be a powerful ally in that race.At ADP we’re interested in…