This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

ADP Broadens Its Human Capital Management Offer To Help Midsized Companies Gain A Competitive Edge

Stocks in this article: ADP

CHICAGO, 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.

To view the multimedia assets associated with this release, please click: http://www.multivu.com/mnr/58119-adp-enhances-human-capital-management-platform-for-midsized-companies

(Photo:  http://photos.prnewswire.com/prnh/20121008/MM82922LOGO )

According to a recent survey by the ADP Research Institute SM, only 15% of midsized business owners and executives are confident the U.S. economy will improve over the next 12 months compared to 52% who believe it improved during the last four years.  Despite this pessimistic outlook, 43% plan to hire an average of 18 new employees in the next year.

The same ADP Research Institute study entitled, " Top Concerns of Business Leaders in the Post-2008 Economy," revealed the top three business concerns on the minds of midsized business owners are:

  • 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.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Jim Cramer and Stephanie Link reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

Jim Cramer's protégé, David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
Try it NOW
Try it NOW
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

Jim Cramer's protégé, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,672.60 -141.38 -0.79%
S&P 500 2,051.82 -11.33 -0.55%
NASDAQ 4,757.8790 +7.4820 0.16%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs