ROSELAND, N.J., April 13, 2021 /PRNewswire/ -- How can
employers take action to advance Diversity, Equity and Inclusion
(DEI) within their businesses? How can employers benefit from
access to people data and metrics within their organizations? ADP
is once again expanding its award-winning people analytics
solution, ADP DataCloud, with new tools that can help businesses
analyze their diversity and better allocate their staff resources.
The new ADP DEI Dashboard and Organizational Benchmarks Dashboard
both launch today.
Award-winning platform allows businesses to leverage people data to
gain a better understanding of their workforce
"ADP DataCloud gives our clients access to their people data and
then uses data science and artificial intelligence to reveal
insights and trends," said Jack Berkowitz, ADP's Senior Vice
President of product development for ADP DataCloud. "The new
capabilities demonstrate how ADP DataCloud helps answer common
business questions that previously were difficult to answer or
required custom analytics projects. These questions, involving
diversity and organizational comparisons to other companies,
represent some of the most important workplace issues of
today."
Diversity, Equity and Inclusion – One Click Away
ADP's
new DEI Dashboard lets companies see the makeup of their workforce
and identify whether any groups are underrepresented by using a
simple question-and-answer format. Users can quickly focus on the
issues that are most important to them as they encounter tabs with
questions like "How diverse is your workforce?" "Which areas of my
organization are not diverse?" and "How diverse is my
organization's leadership distribution?" One click takes
them instantly to a comprehensive view of their workforce,
elevating the supplemental data to analyze and to help answer these
questions for their organization.
The DEI Dashboard also offers an easy-to-navigate user interface
that allows users to see the diversity of their staff by the
organization, department and job level. Users can explore and
visualize where their diversity, inclusion and equity metrics
stand, and break down data by categories like ethnicity, gender,
age, disability or veteran status. Having this information so
readily accessible can pinpoint trends over time, and allow
businesses to better set, track and expand their diversity, equity
and inclusions goals.
"Now more than ever, companies need to take a scientific
approach to their diversity and inclusion efforts," said
Bob Lockett, chief diversity and
talent officer at ADP. "The right data tools can enhance how they
evaluate the makeup of their workforce and inform the decisions
they need to help them hit their diversity goals, and ultimately
make a huge difference for their people and their community."
"ADP's new dashboard equips us with visibility into the
diversity of our workforce in ways we couldn't before," said
Bill Wosilius, CEO of IT services
provider NexusTek. "Having a constantly updated snapshot of the
composition of our diversity of our company readily available gives
us the data we need to understand how we are tracking against our
goals and how to shape our diversity, equity and inclusion
initiatives moving forward."
Organizational Benchmarks – Finding the Right
Balance
Organizational Benchmarks help businesses answer key
questions, such as: "How does my headcount by department compare to
similar organizations in my region? Nationally?" "Which skills
should my organization be investing more in?" and "What percentage
of total labor costs do my peers spend on specific functional
areas, like sales and marketing?"
This new DEI dashboard uniquely taps into one the largest
available sets of real workforce data and enables companies to
decide how to best deploy their workers by:
- Comparing organizational metrics like headcount, labor costs
and turnover against other similar businesses
- Advising which jobs or departments leaders should invest
in
- Identifying areas of the company that could be over-invested
and recommend re-deploying capital into other jobs
- Analyzing areas of strength and opportunities for improvement,
including possible savings from an outsourcing plan
Additional ADP DataCloud features available in limited release
include:
Workforce Compensation Analysis tool: Uses ADP's robust
compensation benchmarks to perform compensation competitiveness
assessments across an entire organization. It can evaluate the pay
competitiveness of every job in a client organization in relation
to the market. It can also identify jobs or workers who are being
underpaid or overpaid, relative to similar positions. Having
on-target compensation can enhance employee retention, thereby
reducing hiring expenses and knowledge drain.
Turnover Risk Headlines: Brings to light situations that
might not be immediately obvious to business managers. Available
within the Executive & Manager Insights capability, it
highlights employees who are likely to leave the organization
due to factors like low compensation, high overtime or long periods
of time since the last promotion, and brings those insights to the
attention of managers and leaders. It's a way for leaders to spot
possible areas of concern before they become turnover problems and
take proactive action.
More on the topic from ADP: Diversity, Equity and Inclusion:
Using Data to Understand What's Working and What Needs Work
About ADP (NASDAQ: ADP)
Designing better ways to work through cutting-edge products,
premium services and exceptional experiences that enable people to
reach their full potential. HR, Talent, Time Management,
Benefits and Payroll. Informed by data and designed for
people. Learn more at ADP.com.
ADP, the ADP logo and Always Designing for People, are
trademarks of ADP, Inc.
Copyright © 2021 ADP, Inc. All rights reserved.
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SOURCE ADP, Inc.