The Impact of Effective Human Capital Management Presentation
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3. Knowledge / Expertise Mitigate Risk / Save $$ Rising Healthcare Costs Doing More With Less Rising Unemployment & Unlawful Termination Increased Credit Pressure Business is slowing Employees: most expensive asset HR Complexity Doing more with less Aging workforce Rising Unemployment HR Complexity Business is slowing Employees most expensive asset Increased Credit pressure
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Notas do Editor
One of the greatest parts of my job is that I meet with companies across every industry and get to speak with executive like you and find out what’s top of mind. ADP has the great fortune to work with 100’s of organizations like yours…your company is unique along with your goals, visions, and strategies. However many of the challenges you face are not unique.
Simplify, automate and outsource core employee work processes to decrease administration and direct expense Decrease Hr staff administration work load allowing for improved service delivery to employees Allow HR staff and Mgmt to focus on value driven activities that support strategic goals and objectives of the organization
Perfect Storm This storm began years ago, although much smaller still capable of devastation…Employee being an organizations most expensive asset they faced rising Labor costs, rising healthcare costs and an aging workforce making it harder to find skilled workers and retain top talent. HR was getting more and more complex. All these storm clouds are still here but now the storm is getting much worse business is slowing, increased credit pressure, rising unemployment, organizations being forced to do more with less, while navigating the constantly changing risk landscape. In this economy it’s more difficult to do business every day. How can you cut costs without cutting corners? How can you pull expenses out of the business with out weakening customer service, employee morale, and without putting yourself and your company at risk for lawsuits? The storm has changed!
Having to do more with less by cutting costs and controlling expenses, your organizations need to squeeze every dollar as far as it goes to help achieve your financial goals. Being an employer of choice …keeping morale and productivity up, making sure you retain the best employees & attract top talent especially in down economy when times are tough. Mitigating Risk … the ever changing tax and compliance landscape is shifting on a daily basis, specifically around employee litigation and new legislations. You have to be compliant today, plan for tomorrow, but also retro active to yesterday. In today’s complex marketplace these are key challenges that ADP has helped many our partners address.