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ROSELAND, NJ -- (Marketwired) -- 10/06/16 -- Accurate, timely, insightful workforce benchmarks are on the "wish list" of every human resource leader and business owner. Sadly, they've been hard to find and limited in scope due to practical and technological limitations. A year ago, that all changed when ADP (NASDAQ: ADP) introduced Benchmarking as part of the ADP® DataCloud analytics platform. In doing so, the company debuted Big Data and HR analytical tools that transform information into actionable insights and convert data into a strategic asset for workforce management.
In the 12 months since then, ADP has continued to evolve its DataCloud platform and grabbed the attention of industry thought leaders like Human Resources Executive magazine, which has named Benchmarking one of its "2016 Top HR Products" and recognized it as one of this year's "Awesome New Technologies for HR."
According to Human Resource Executive magazine, "while many HR technology solution providers have improved upon their analytics and reporting capability in recent years, most lack the ability to provide the needed context to help HR and business leaders understand their data. The ADP Benchmarking solution provides this context from ADP's vast customer and user data set... Given the richness of the data, HR and business leaders will no doubt welcome the addition of this new tool, which gives them the ability to make more informed HR and people decisions."
"Business leaders and HR professionals need to be able to make decisions about their workforce quickly and confidently," said David Turetsky, vice president of product management for ADP DataCloud. "To do that, they need data analytics tools and reporting capabilities that help them use human capital management (HCM) data in a broader strategic context. Benchmarking, powered by the ADP DataCloud, gives HR leaders greater access to real, payroll and HR-quality benchmarking data they can use to guide strategic business decisions. We're thrilled that Human Resource Executive magazine has chosen to honor our benchmarking feature with its '2016 Top HR Products' and 'Awesome New Technologies for HR' awards."
Introduced in May 2015, the ADP DataCloud allows business leaders and HR professionals to generate actionable insights from the workforce data embedded in their ADP HCM solutions. ADP DataCloud can help boost business and workforce management goals, such as workforce productivity, talent development, retention and the identification of likely employee turnover.
The benchmarking feature gives business leaders the ability to compare their company's data with current industry data -- including compensation, turnover and other workforce metrics. The feature was added to the DataCloud analytics platform in October 2015. The capability is unique among HCM solutions because it:
The winners were formally presented their awards at the 2016 HR Technology Conference & Exposition® currently under way in Chicago.
About ADP
Powerful technology plus a human touch. Companies of all types and sizes around the world rely on ADP's cloud software and expert insights to help unlock the potential of their people. HR. Talent. Benefits. Payroll. Compliance. Working together to build a better workforce. For more information, visit ADP.com.
ADP, ADP DataCloud and the ADP logo are registered trademarks of ADP, LLC. ADP A more human resource. is a service mark of ADP, LLC. All other marks are the property of their respective owners.
Copyright © 2016 ADP, LLC. All rights reserved.
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ADP-Media Contact:
Chris Ashraf
ADP, LLC
Chris.Ashraf@ADP.com
973 974-5178
Source: ADP
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