ROSELAND, N.J., Oct. 4, 2012 /PRNewswire/ -- ADP ®, a leading global provider of Human Capital Management (HCM) services, today announced that it has reached a new milestone with the implementation of its 30,000 th HCM client. ADP's cloud-based HCM solutions, which elevate human resources (HR) to a more strategic role by automating HR, talent management, benefits, payroll, time and attendance and reporting processes, are now among the fastest selling in the history of the HCM marketplace.
The rapid adoption of ADP's Human Capital Management solutions has been fueled by growing demand among midsized and large organizations seeking a single solution from one vendor that can provide management with a 360-degree view of their organization, enabling them to make better informed decisions about their current and prospective workforce. Analyst firm IDC estimates the Worldwide HR Management Services market at $71.6 billion for 2012, with a 5-year CAGR through 2016 of 3.9 percent. 1
"A roster of more than 30,000 cloud-based HCM clients speaks to ADP's expertise in delivering a broad solution to the widest possible audience of employers," said Lisa Rowan, IDC Program Director for HR, Learning and Talent Management Strategies. "Regardless of size or industry, ADP has solutions to meet the needs of the market."
"Clients ranging from the largest Fortune 500 companies with multinational requirements to midsized businesses are increasingly choosing ADP to provide them with Human Capital Management solutions that are so critical in today's business environment," said Regina Lee, Division President, ADP. "The overwhelming reception to ADP's integrated, one-stop shop approach to managing multiple HR, payroll, talent benefits and time functions is a clear indicator that clients around the world are realizing demonstrable business results as a result of the efficiencies and productivity gained through ADP's Human Capital Management solutions."ADP's Human Capital Management solutions can also include highly functional Talent Management tools, such as Talent Acquisition, Performance Management, Compensation Management, Succession Management and Learning Management. When integrated in an HCM solution, these tools can help enable organizations to tap into a pipeline of talent to consider during the hiring process, and a clear way to track them and to assess their lifetime business productivity. In addition, with the workforce analytics that ADP provides, access to HR data is easier than ever, helping practitioners rapidly deploy the right talent to address specific challenges across the business.