ROSELAND, N.J., Sept. 29 /PRNewswire/ -- ADP ®, a leading
provider of HR, payroll and benefits administration services, today
announced the addition of Peer Statistics to its Workscape
Compensation Planner, an award-winning enterprise compensation
management solution. Designed to assist organizations with managing
pay equity across the workforce, this peer data enhancement is used
during the pay-setting process to enable more informed compensation
decisions.
Controlling pay equity has become increasingly important,
especially with the passage of the Lilly Ledbetter Fair Pay Act in
January 2009. The Ledbetter Act
clarified that each paycheck and other compensation resulting from
a discriminatory pay decision is actionable under the federal Equal
Employment Opportunity laws. The use of peer data during
compensation planning is one way that organizations can help to
avoid discriminatory pay practices.
"Our Compensation Planner Peer Statistics capability not
only helps companies manage pay equity but also provides valuable
insight into how organizations are executing against their
strategic compensation goals," said Tim
Clifford, President and CEO, Workscape, an ADP Company. "For
example, if a company's strategy is to pay engineers in the 75th
percentile to meet market needs, the salary range, market data and
peer salary data is now available to do that analysis."
By using Workscape Compensation Planner Peer statistics,
HR professionals can also create reports such as peer salary and
ratio by job family to analyze where there is equity across the job
family. Within a given job family, multi-faceted visibility
can be gained into salary ranges with quartiles, median comp ratio,
median peer statistic point and peer statistic rule applied for
individuals within the job. A wide range of other standard reports
are also included in the Workscape Compensation Planner Peer
Statistics offering.
"It was logical that the industry's leading compensation
management solution should address the market's need for relevant
peer data that allows organizations to manage the pay equity
process," said Terrence McCrossan,
Division Vice President, Marketing and Strategy, ADP National
Account Services. "Our Workscape Compensation Planner's
ability to manage complex business rules is now further enhanced
with the availability of comparative data to help clients ensure
alignment with pay equity objectives."
Compensation Planner Peer Statistics is available now.
For more information about solutions from Workscape, an ADP
Company, visit www.workscape.com or call 1-888-605-9620.
About ADP
Automatic Data Processing, Inc. (Nasdaq: ADP), with nearly
$9 billion in revenues and about
550,000 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 HR, payroll, 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
and recreational vehicle 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 website at
www.ADP.com
For more information,
contact:
ADP Public Relations
(973) 974-7612
public_relations@adp.com
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SOURCE Automatic Data Processing, Inc.
Copyright . 29 PR Newswire