Understanding the New ADP Workforce Vitality Report
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1 Starts with vast, current data ADP pays 1 in 6 U.S. workers 24 million in the U.S. Understanding the ADP Workforce Vitality Index REGION STATE COMPANY SIZE INDUSTRY INCOME TIER FULL TIME, PART TIME TENURE GENDER AGE
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http://bit.ly/1v83aTR The ADP Workforce Vitality Report provides insights on labor market dynamics as well as benchmarks to measure human capital management for individual firms. The report includes details of the ADP Workforce Vitality Index (WVI) and its components. This presentation provides an in-depth look into the report as presented at HR Tech 2014 by DR. Ahu Yildirmaz, President and Head of the ADP Research Institute.
Transcript of Understanding the New ADP Workforce Vitality Report
1
Starts with vast, current data
ADP pays 1 in 6 U.S. workers
24 million in the U.S.
Understanding the ADP Workforce Vitality Index
REGION
STATE COMPANYSIZE
INDUSTRY INCOME TIER
FULL TIME,PART TIME
TENURE
GENDERAGE
2
ADP Workforce Vitality Index
Measures wages paid to all U.S. workersUnderstanding the ADP Workforce Vitality Index
3
Deep enough to uncover the dynamics
4Firm Sizes
10States8 Industries
5 Tiers
Tenure4 Tiers
Age Groups
$4 Income
Tiers
Understanding the ADP Workforce Vitality Index
Full Time & Part Time
Gender
4 RegionsNational
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The South is leading job creationADP Workforce Vitality Report
ADP Workforce Vitality Index by Region2011 Q2 = 100
2011
02
2011
09
2011
12
2012
03
2012
06
2012
09
2012
12
2013
03
2013
06
2013
09
2013
12
2014
03
2014
06
100
102
104
106
108
110
112
Northeast South Midwest West
| 2011 | 2012 | 2013 | 2014 |
5
2011
02
2011
09
2011
12
2012
03
2012
06
2012
09
2012
12
2013
03
2013
06
2013
09
2013
12
2014
03
2014
06
100
102
104
106
108
110
112
Construction Education/Health Finance Leisure/Hospitality
Manufacturing Professional Services Trade
Industries that drive growthADP Workforce Vitality Report
ADP Workforce Vitality Index by Industry2011 Q2 = 100
| 2011 | 2012 | 2013 | 2014 |
6
2011
02
2011
09
2011
12
2012
03
2012
06
2012
09
2012
12
2013
03
2013
06
2013
09
2013
12
2014
03
2014
06
98
103
108
113
118
<$20K $20K - $50K $50K - $75K $75K+ 100
Higher growth among low earnersADP Workforce Vitality Report
ADP Workforce Vitality Index by Income2011 Q2 = 100
| 2011 | 2012 | 2013 | 2014 |
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Turning big data into actionable data
ProfessionalServices
ADP Workforce Vitality Report
INSIGHTS750Employees
WorkforceVitalityReport
Hourly Wage (Job Switchers)
Hourly Wage(Job Holders)
Employment Growth
Turnover Rate
7.0%
0.5%
1.8%
6.2%
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2011
09
2011
12
2012
03
2012
06
2012
09
2012
12
2013
03
2013
06
2013
09
2013
12
2014
03
2014
06
-2.0%
-1.0%
0.0%
1.0%
2.0%
3.0%
4.0%
5.0%
6.0%
Holder Switcher
Grass is greenerADP Workforce Vitality Report
Real Hourly Wage Growth: Holders vs. Switchers2011 Q2 = 100
| 2011 | 2012 | 2013 | 2014 |
9
2011
09
2011
12
2012
03
2012
06
2012
09
2012
12
2013
03
2013
06
2013
09
2013
12
2014
03
2014
06
-1.0%
-0.8%
-0.6%
-0.4%
-0.2%
0.0%
0.2%
0.4%
0.6%
0.8%
1.0%
Construction Leisure/Hospitality Manufacturing Trade
A pressure to keep employees
Construction
Trade
Manufacturing
Leisure/Hospitality
ADP Workforce Vitality Report
Job Holders’ Real Hourly Wage Growth for Selected Industries
2011 Q2 = 100
| 2011 | 2012 | 2013 | 2014 |
10
11-Q2 11-Q4 12-Q2 12-Q4 13-Q2 13-Q4 14-Q298
99
100
101
102
103
F M
Gender pay gap is widening (again)ADP Workforce Vitality Report
Job Holder’s Real Hourly Wage Growth by Gender2011 Q2 = 100
| 2011 | 2012 | 2013 | 2014 |
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Succession planning evermore vital ADP Workforce Vitality Report
Workers by Industry and Age
