Talent management challenges hamper growth in global companies

Posted by: ADP on 1 December 2015 in Human Capital Management

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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 managementBridging cultural differencesCompliance requirementsYet, 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 HR systems. That’s a 40 percent increase, year-on-year.Disparate…

The business impact of absenteeism

Posted by: ADP on 1 December 2015 in Human Capital Management

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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 of Employee…

Human Capital Management goes “glocal”

Posted by: ADP on 1 December 2015 in Human Capital Management

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This post is the second in a two-part series that looks at the evolving role of HR practitioners in large enterprises and the shift in workforce management to meet increasingly complex regulatory compliance.In a recent post, I highlighted the evolving role of HR professionals – and their metamorphosis into “HCM Strategists.” I’m also seeing another major shift in how our largest clients – those with 1,000 employees or more – manage their workforces.Throughout 2015, a growing number of large companies have been focusing more than ever on a globally consistent Human Capital Management (HCM) experience. What’s driving this shift? It’s the increasing complexity of regulatory compliance. To keep pace with evolving payroll tax and employment laws across the world, many of our large clients now want to manage this critical function with a team of HCM and compliance experts that is…

Mobile only, global only

Posted by: ADP on 1 December 2015 in Innovation & Technology

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These days job seekers are in coffee shops, at airports, and wherever life takes them, clicking link after link on their mobile devices. The growing impact of mobile technology on a candidate’s job search is changing the landscape of how people interact with employers.In the war for talent, we must think mobile only, global only.The youngest job seekers in today’s workforce are a generation that has never worked without this technology. They haven’t even lived in a world without mobile devices.According to a study conducted in December 2014 by Indeed, the online jobs board, mobile is preferred by the vast majority of job seekers. Nearly 75% of Generation Y (aged 21-30) and over 70% of GenXers’ (aged 31-50) clicks on Indeed come from mobile devices. For Baby Boomers (aged 51-70), desktop searches are still the preferred form of job searching, yet a…

HR: bridging the divide between business expansion and talent challenges

Posted by: ADP on 1 December 2015 in Human Capital Management

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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 plan to do…