Automatic Data Processing (ADP), a provider of human resources, payroll and benefits administration services, announced the enhancement of ADP Workforce Now to include talent management capabilities aimed at small to medium-size businesses. The solution offers HR resources, benefits administration, payroll, time and attendance, and talent management functionality designed for midmarket organizations with 50 to 999 employees.
“When it comes to making sure the right people with the right skills are in the right positions, midsized companies have just as much at stake—perhaps more—than larger ones,” said Regina Lee, president of ADP major account services and small business services. “ADP Workforce Now provides the tools that midsized companies need in order to focus on business growth, not business administration.”
A recent study by ADP titled “Automated Talent Management: The New Strategic Imperative for Performance Efficiency,” released in March 2010, found that the majority of midsize organizations continue to manage their talent manually, with 82 percent of respondents doing performance management manually, 81 percent managing applicant tracking manually, 78 percent managing compensation manually and 74 percent managing background checks manually. The study found that because there is such a lack of easy-to-use, affordable and integrated solutions, only 8 percent of midmarket companies use the same provider for HR, payroll and talent management.
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