HRO Today April 2014 - 23

Payroll
By comparing overall payroll costs
to sales, profits, and other metrics
in a particular region or across
different job positions, companies
can yield ways to generate more
revenue per employee-like
increasing incentive pay where it
will provide the biggest bang for
the buck.
rich data sets within payroll have guided the firm's lauded
development of the ADP National Employment Reports.
Data scientists at ADP apply algorithms to transactional
payroll information aggregated across the client base to
make predictions on where the United States economy is
headed.
" We initially started cutting this data regionally, and now
are looking at employment by small businesses, franchises,
and even nationally, " says Don Weinstein, ADP senior vice
president of product management at its Roseland, New
Jersey headquarters.
Not only are key payroll trends like globalization, the
cloud, and data analytics gaining traction in 2014, they're
all converging in unique ways to bolster the strategic
importance of the payroll spend in diverse organizations.
Many payroll providers are mining the unique data
produced by their clients' payroll runs to glean valuable
insights into the effectiveness of these organizations'
incentive compensation plans, regional employee
productivity, nearshoring and offshoring programs, and
even talent management initiatives. This insight fosters
better strategic decisions on where to best deploy company
resources-labor chief among them.
In the case of global payroll services provider ADP, the
The firm's most recent national snapshot indicates that
private-sector employment increased by 139,000 from
January to February, on a seasonally adjusted basis.
More Than You'd Think
Obviously, in the right hands, payroll data can be
abundantly instructive-a veritable gold mine of
information. Panning for this gold in the past was
elusive, given the paperbound nature of payroll and the
multitude of labor laws across geographies. But once this
transactional data was digitized, it opened up a world of
possibilities.
These newfound capabilities are apparent especially for
large, global organizations. " Payroll providers can tap into
APRIL 2014 | www.hrotoday.com
[23]
http://www.hrotoday.com

HRO Today April 2014

Table of Contents for the Digital Edition of HRO Today April 2014

HRO Today April 2014 - 1
HRO Today April 2014 - 2
HRO Today April 2014 - 3
HRO Today April 2014 - 4
HRO Today April 2014 - 5
HRO Today April 2014 - 6
HRO Today April 2014 - 7
HRO Today April 2014 - 8
HRO Today April 2014 - 9
HRO Today April 2014 - 10
HRO Today April 2014 - 11
HRO Today April 2014 - 12
HRO Today April 2014 - 13
HRO Today April 2014 - 14
HRO Today April 2014 - 15
HRO Today April 2014 - 16
HRO Today April 2014 - 17
HRO Today April 2014 - 18
HRO Today April 2014 - 19
HRO Today April 2014 - 20
HRO Today April 2014 - 21
HRO Today April 2014 - 22
HRO Today April 2014 - 23
HRO Today April 2014 - 24
HRO Today April 2014 - 25
HRO Today April 2014 - 26
HRO Today April 2014 - 27
HRO Today April 2014 - 28
HRO Today April 2014 - 29
HRO Today April 2014 - 30
HRO Today April 2014 - 31
HRO Today April 2014 - 32
HRO Today April 2014 - 33
HRO Today April 2014 - 34
HRO Today April 2014 - 35
HRO Today April 2014 - 36
HRO Today April 2014 - 37
HRO Today April 2014 - 38
HRO Today April 2014 - 39
HRO Today April 2014 - 40
HRO Today April 2014 - 41
HRO Today April 2014 - 42
HRO Today April 2014 - 43
HRO Today April 2014 - 44
HRO Today April 2014 - 45
HRO Today April 2014 - 46
HRO Today April 2014 - 47
HRO Today April 2014 - 48
HRO Today April 2014 - 49
HRO Today April 2014 - 50
HRO Today April 2014 - 51
HRO Today April 2014 - 52
HRO Today April 2014 - 53
HRO Today April 2014 - 54
HRO Today April 2014 - 55
HRO Today April 2014 - 56
https://www.nxtbook.com/sharedxpertise/sharedxpertise/hro-today-chro-today-2019
https://www.nxtbook.com/sharedxpertise/sharedxpertise/hro-today-november-2019
https://www.nxtbook.com/sharedxpertise/sharedxpertise/hro-today-may-2019
https://www.nxtbook.com/sharedxpertise/sharedxpertise/hro-today-march-2019
https://www.nxtbook.com/sharedxpertise/sharedxpertise/hro-today-july-august-2019
https://www.nxtbook.com/sharedxpertise/sharedxpertise/hro-today-january-february-2019
https://www.nxtbook.com/sharedxpertise/sharedxpertise/hro-today-april-2019
https://www.nxtbook.com/sharedxpertise/sharedxpertise/hro-today-september-2019
https://www.nxtbook.com/sharedxpertise/sharedxpertise/hro-today-october-2019
https://www.nxtbook.com/sharedxpertise/sharedxpertise/hro-today-june-2019
https://www.nxtbook.com/sharedxpertise/sharedxpertise/hro-today-december-2019
https://www.nxtbook.com/sharedxpertise/sharedxpertise/chro-today-2018
https://www.nxtbook.com/sharedxpertise/sharedxpertise/hro-today-may-2018
https://www.nxtbook.com/sharedxpertise/sharedxpertise/hro-today-april-2018
https://www.nxtbook.com/sharedxpertise/sharedxpertise/hro-today-september-2018
https://www.nxtbook.com/sharedxpertise/sharedxpertise/hro-today-october-2018
https://www.nxtbook.com/sharedxpertise/sharedxpertise/hro-today-november-2018
https://www.nxtbook.com/sharedxpertise/sharedxpertise/hro-today-march-2018
https://www.nxtbook.com/sharedxpertise/sharedxpertise/hro-today-june-2018
https://www.nxtbook.com/sharedxpertise/sharedxpertise/hro-today-january-february-2018
https://www.nxtbook.com/sharedxpertise/sharedxpertise/hro-today-july-august-2018
https://www.nxtbook.com/sharedxpertise/sharedxpertise/hro-today-december-2018
https://www.nxtbook.com/sharedxpertise/sharedxpertise/hro-today-september-2017
https://www.nxtbook.com/sharedxpertise/sharedxpertise/hro-today-october-2017
https://www.nxtbook.com/sharedxpertise/sharedxpertise/hro-today-november-2017
https://www.nxtbook.com/sharedxpertise/sharedxpertise/hro-today-march-2017
https://www.nxtbook.com/sharedxpertise/sharedxpertise/hro-today-june-2017
https://www.nxtbook.com/sharedxpertise/sharedxpertise/hro-today-july-august-2017
https://www.nxtbook.com/sharedxpertise/sharedxpertise/hro-today-january-february-2017
https://www.nxtbook.com/sharedxpertise/sharedxpertise/hro-today-may-2017
https://www.nxtbook.com/sharedxpertise/sharedxpertise/hro-today-december-2017
https://www.nxtbook.com/sharedxpertise/sharedxpertise/hro-today-april-2017
https://www.nxtbook.com/sharedxpertise/sharedxpertise/hro-today-september-2016
https://www.nxtbook.com/sharedxpertise/sharedxpertise/hro-today-october-2016
https://www.nxtbook.com/sharedxpertise/sharedxpertise/hro-today-december-2016
https://www.nxtbook.com/sharedxpertise/sharedxpertise/hro-today-november-2016
https://www.nxtbook.com/sharedxpertise/sharedxpertise/hro-today-may-2016
https://www.nxtbook.com/sharedxpertise/sharedxpertise/hro-today-march-2016
https://www.nxtbook.com/sharedxpertise/sharedxpertise/hro-today-june-2016
https://www.nxtbook.com/sharedxpertise/sharedxpertise/hro-today-january-february-2016
https://www.nxtbook.com/sharedxpertise/sharedxpertise/hro-today-july-august-2016
https://www.nxtbook.com/sharedxpertise/sharedxpertise/hro-today-april-2016
https://www.nxtbook.com/sharedxpertise/sharedxpertise/hro-today-october-2015
https://www.nxtbook.com/sharedxpertise/sharedxpertise/hro-today-november-2015
https://www.nxtbook.com/sharedxpertise/sharedxpertise/hro-today-july-august-2015
https://www.nxtbook.com/sharedxpertise/sharedxpertise/hro-today-september-2015
https://www.nxtbook.com/sharedxpertise/sharedxpertise/hro-today-june-2015
https://www.nxtbook.com/sharedxpertise/sharedxpertise/hro-today-april-2015
https://www.nxtbook.com/sharedxpertise/sharedxpertise/hro-today-july-august-2014
https://www.nxtbook.com/sharedxpertise/sharedxpertise/hro-today-november-2014
https://www.nxtbook.com/sharedxpertise/sharedxpertise/hro-today-october-2014
https://www.nxtbook.com/sharedxpertise/sharedxpertise/hro-today-december-2014
https://www.nxtbook.com/sharedxpertise/sharedxpertise/hro-today-january-february-2015
https://www.nxtbook.com/sharedxpertise/sharedxpertise/hro-today-june-1014
https://www.nxtbook.com/sharedxpertise/sharedxpertise/hro-today-may-2014
https://www.nxtbook.com/sharedxpertise/sharedxpertise/hro-today-april-2014
https://www.nxtbook.com/sharedxpertise/sharedxpertise/hrot-january-february-2014
https://www.nxtbookmedia.com