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Oct. 8, 2012 /PRNewswire/ -- ADP®, a leading provider of
human capital management solutions, today unveiled its next-generation
ADP Workforce Now® cloud-based platform for midsized organizations. The company showcased its new platform at the annual HR Technology Conference & Exposition in Chicago. This enhanced platform broadens ADP's lineup of human capital management (HCM) services by providing midsized companies with access to more sophisticated tools to manage their workforce. As midsized companies struggle to compete in tough economic times, ADP Workforce Now enables businesses to be more strategic in how they manage their employees while reducing time spent on administrative tasks.
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The rising cost of health coverage and other benefits;
Slow economic growth; and
The level/volume of government regulations.
Of particular interest is the area of increased government regulation, where 81% of midsized business owners believe their business is in compliance with tax and labor regulations. Yet, 33% reported having incurred unintended expenses such as fines or penalties in the last year due to noncompliance – not once, but an average of 6.4 times. Midsized companies can ill afford such preventable expenses and need HCM tools that can help business owners reduce risks and operate more efficiently.