The Impact of Effective Human Capital Management Presentation

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Presentation by Major Accounts District Manager Kelly Grieco

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Transcript of The Impact of Effective Human Capital Management Presentation

Page 1: The Impact of Effective Human Capital Management Presentation

Presentation by Major Accounts District Manager Kelly Grieco

Page 2: The Impact of Effective Human Capital Management Presentation

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