The Impact of Effective Human Capital Management Presentation
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Transcript of The Impact of Effective Human Capital Management Presentation
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Presentation by Major Accounts District Manager Kelly Grieco
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What is important to a successful business:
• Reduce Costs
• Improve Service to Employees
• Revenue Growth
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Knowledge / ExpertiseMitigate Risk / Save $$
Rising Healthcare
Costs
Rising Healthcare
Costs
Doing More With Less
Doing More With Less
Rising Unemployment
& Unlawful Termination
Rising Unemployment
& Unlawful Termination
Increased Credit
Pressure
Increased Credit
PressureBusiness is slowing
Business is slowingEmployees:
most expensive
asset
Employees: most
expensive asset
HR Complexity
HR Complexity
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What is going on in today’s Market Place
• Unemployment Rate- Avg 10%• Benefit Costs are rising- WSJ
1. CEO of United Healthcare Group stated when Employee’s are dropped from their Employer’s plan it crimps their revenue.
2. CEO of Well’s Point Inc stated profits are getting squeezed by the increasing number of people picking up Cobra
• New Hire Act- 18 billion dollar job creation package with tax credit benefits for employers.
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• Having to do more with less • ADP is bringing unique services and best practices to our
clients by their cutting their costs by streamlining their administration.
• Being an employer of choice• Keeping morale and productivity up
• Retain the best employees & attract top talent
• Gallup Organization: 70% of EE’s are not engaged at work
• Mitigating Risk/Staying out of trouble• Tax and compliance landscape is shifting on a daily basis
• Employee litigation and new legislations
• Compliant today, plan for tomorrow but also being retroactive to yesterday
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ADMINSTRATIVE HR/ADP Relieves you of
HR Strategic Planning
Attracting & Hiring Top Talent
Employee Development
Manager & Leadership Training
Compensation Structure / Plans
Succession Planning
Improving Employee Benefits & Perks
Changing the Culture of HR & Company
NON REVENUE GENERATING ITEMS
HIGH RISK, LOW REWARD
WAYS TO DRIVE REVENUE
STRATEGIC HR
Capture & Approve Employee Hours
Processing of Payroll
New Hire On-boarding
Paper Enrollment for Benefits
Terminations & COBRA
Capture Performance Reviews
Employee HR Files & Forms
Employee Inquiries
HR Regulatory Compliance
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JHP Pharmaceuticals
• Primary Business: Integrated specialty healthcare products for clinicians and hospitals -- portfolio includes leading diagnostic, women's health and anesthesia products.
• Benefits Challenge: Rapidly implement a solution for HR, payroll and benefits administration, including self-service, real-time reporting and multistate payroll-tax filing.
• Savings: JHP experienced economic value and savings in its first year using ADP's solutions. "Without ADP, we would have had to nearly double our HR staff," says Carolyn Kaminsky-HR Director.
• "That could have cost us over $350,000, given the types of required administrative positions.”-Kaminsky
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Employee & ManagerService Center
Employees
Team of Specialists• HR Compliance & Benefits• Payroll & Tax• Risk & Safety• Recruitment
Relationship Manager
Managers
Executives
+ Online HR Library
+ Legal Alerts
Head of HR
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Next Steps
• Questions:????
• Feedback: Can you envision ADP as your true strategic partner
• Further in depth analysis of your organization and business plan
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“Great Organizations keep clear the difference
between their core values (WHICH NEVER CHANGE)
and operating strategies and cultural practices
(WHICH ENDLESSLY ADAPT TO A CHANGING WORLD).”
-How the Mighty Fall