ROSELAND, N.J., Sept. 21, 2011 /PRNewswire/ -- ADP ®, a leading
provider of human resource outsourcing, payroll services, benefits
administration and integrated computing solutions for vehicle
dealers, today announced the findings of new research published by
ADP TotalSource(sm) and conducted by the ADP Research Institute
entitled "Relieving the Pressure: The PEO Approach to Navigating
Compliance and Gaining a Competitive Advantage."
The findings show that more than half of today's companies
surveyed lack confidence in their ability to keep pace with
complex, ever-changing HR regulations, and the majority believe
that the HR compliance burden will only grow more difficult with
time.
As part of the study, more than 250 small (1-49 employees) and
mid-size (50-999 employees) businesses were surveyed on their most
pressing business concerns, key competitive strategies and
confidence levels in terms of HR compliance. Respondents
consistently pointed to the following three strategies as being
critical to maintaining a competitive edge in today's
marketplace:
- Hiring top talent
- Maximizing employee productivity
- Keeping overhead low
Respondents also identified their greatest business concerns,
which included:
- The rising cost of benefits
- Finding and retaining good people
- The rising costs of fuel and other materials
"Our study findings suggest that the strategies companies feel
they need to maintain a competitive edge are closely correlated to
the most formidable challenges threatening their ability to
succeed," said Maria Black, West
Central Region General Manager with ADP TotalSource. "In an
ideal world, businesses could focus more squarely on growing their
business and developing their people, rather than having to worry
about the increasing complexities of human resource management and
compliance."
As a comparison to the market data, clients of ADP TotalSource,
a Professional Employer Organization (PEO), were interviewed to
determine how their partnership with a PEO had influenced their
concerns and compliance confidence. A professional employer
organization (PEO) provides integrated services that enable
business owners to cost-effectively outsource the management of
human resources, employee benefits, payroll and workers'
compensation. PEOs deliver these services through a co-employment
model.
As the largest U.S. PEO with more than 8,600 clients,
representing 230,000 worksite employees across all 50 states, ADP
TotalSource provides a comprehensive human resources outsourcing
solution that helps businesses reduce the costs and complexities
related to employment and human resources management.
The study, conducted by the ADP Research Institute, a
specialized group within ADP that conducts studies on topics of
current interest to human resources and payroll professionals,
found that PEO clients were more confident than the all-market
group in many HR function areas, such as:
- Providing safety training
- Performing drug tests
- Maintaining OSHA logs
- Conducting background checks
To download and obtain a complimentary copy of the full white
paper, "Relieving the Pressure: The PEO Approach to Navigating
Compliance and Gaining a Competitive Advantage," please
click here.
About the ADP Research Institute
The ADP All-Market Compliance Survey was published by the ADP
Research Institute, a specialized group within ADP that conducts
studies on topics of current interest to human resources and
payroll professionals.
About ADP
Automatic Data Processing, Inc. (Nasdaq: ADP), with about
$10 billion in revenues and
approximately 570,000 clients, is one of the world's largest
providers of business outsourcing solutions. Leveraging over
60 years of experience, ADP offers a wide range of human resource,
payroll services, tax and benefits administration solutions from a
single source. ADP's easy-to-use solutions for employers
provide superior value to companies of all types and sizes.
ADP is also a leading provider of integrated computing solutions to
auto, truck, motorcycle, marine, recreational vehicle, and heavy
equipment dealers throughout the world. For more
information about ADP or to contact a local ADP sales office, reach
us at 1.800.225.5237 or visit the company's Web site at
www.ADP.com.
REMINDER: Upcoming Free Webinar for Small Business Owners on
Labor Regulations and Compliance
In addition to its new "Relieving the Pressure" white
paper, and to further underscore its commitment to small and
mid-size businesses, ADP TotalSource will host an upcoming free
webinar on Thursday, September 22
from 1 - 2 p.m. EDT. The webcast will
provide practical information on how businesses can plan and
prepare for new regulations that are either in place, or being
considered by federal agencies such as the Department of Labor,
Department of Homeland Security, U.S. Immigration and Customs,
Occupational Safety and Health Administration and Equal Employment
Opportunity Commission (EEOC). For more information and to
register, please visit http://www.adp.com/totalsource/webinar.aspx.
For more information, contact:
James Duffy
ADP, Inc.
(973) 974 - 7880
James_Duffy@ADP.com
SOURCE Automatic Data Processing, Inc.