ADP Broadens its Human Capital Management Offer to Help Midsized Companies Gain a Competitive Edge

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.

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According to a recent survey by the ADP Research InstituteSM, 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:

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.

"We're thrilled to unveil our enhanced platform for midsized businesses and understand companies of all sizes need access to sophisticated HCM tools," said Jessica Saperstein, Division Vice President of Strategy and Business Development at ADP. "Our newly enhanced ADP Workforce Now platform gives midsized companies greater controls in an all-in-one package so they can do more to confront human resources challenges."

The ADP Workforce Now platform is a key component of ADP's fast-growing HCM portfolio, which includes ADP Vantage HCMSM for large organizations and ADP GlobalView for multinational organizations. ADP recently announced its HCM services now support more than 30,000 clients worldwide.

"I've used ADP Workforce Now for years to efficiently manage my organization's employees, and I'm excited about how the new functionality on this evolving platform provides even greater control over HR tasks," said Tom Aldrich, Vice President/Human Resources Director, at Teche Federal Bank, an existing ADP Workforce Now client in New Iberia, La. "In fact, the technology behind ADP Workforce Now allows me to perform most human resources activities from anywhere with an Internet connection, which is critical during hurricanes and other natural disasters that periodically impact the Gulf Coast."

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ADP Broadens its Human Capital Management Offer to Help Midsized Companies Gain a Competitive Edge