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On-demand pay: the pros and cons of earned wage access

Workable

By offering flexibility and control over earnings, on-demand pay is reshaping the employee compensation landscape. Benefits of on-demand pay for employers In the ADP study , there’s positive sentiment among employers regarding the business benefits. For instance, 96% of employers offering EWA also find that their employees like it.

Financial 117
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Retaining Top Talent: 3 Strategies to Prevent Employee Turnover After Promotions

Recruiting Daily Advisor

Promotions have long been a way to celebrate successes and reward employees for a job well done, but recent data from ADP suggest a different reality. This data shows that promotions no longer guarantee higher retention rates of employees – but it doesn’t mean that anyone you promote is bound to leave.

Strategy 105
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What You Need to Know About The Big Stay

Recruiting Daily Advisor

For the past few years, recruiting and retention have felt like Olympic-level difficulties. According to the ADP Research Institute, Americans are quitting their current jobs at a rate that’s down by 5% from this time last year. ADP also shared that job vacancies in March of 2023 were 9.6 percent according to ADP Pay Insights.

ADP 98
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As On-Demand Pay Gains Popularity, Data Shows How It’s Working

Recruiting Daily Advisor

Perception Versus Reality ADP, a payroll services provider that also offers EWA programs, surveyed 600 employers and 1,000 employees during the first quarter of 2022 about their thoughts on earned wage access. Another finding from the ADP survey shows that workers often underestimate how often they would take advantage of on-demand pay.

ADP 64
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What is Voluntary Turnover? Meaning, Causes, and Calculation

CuteHR

According to an ADP Research Institute research done in 2015-2016, the majority of sectors fell within the voluntary turnover 60-70 % range. Only once you know, that will you be able to take the required steps, whether retention or letting them go. Did you know? When are they going to leave? It’s impossible to avoid turnover!

Culture 75
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Avionté Welcomes Christopher Ryan as Chief Strategy & Marketing Officer

Avionte

Chris comes to Avionté from ADP, where he served as the VP of Research for Strategic Advisory Services. In that role, Chris provided guidance to ADP’s diverse client base on a broad range of HCM topics, including HR Strategy, Regulatory Risk, and HR Technology. Labor Trends, employment practices, and workforce management.

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What is an Employer of Record (EOR)?

Broadleaf

Many HR and procurement stakeholders are unfamiliar with these services or how they can bring value to their organization, as they are commonly mistaken for payroll processing services provided by companies like Paychex and ADP. Completion and retention of I-9 forms. Workers’ compensation claims. What is an employer of record?

ADP 80