New ADP Workforce Index to Offer Deeper Insights Into the Vitality of the U.S. Labor Market

ROSELAND, N.J., Sept. 18, 2014 /PRNewswire/ -- ADP^®, a leading global provider of human capital management (HCM) solutions, today announced that it will provide a quarterly report offering deep insights into U.S. workforce dynamics with the launch of a new workforce index in October.

The new index will answer critical questions about the state of the U.S. workforce, such as:

• How is the workforce thriving as a whole?
• How do major regions and large states compare?
• Which industries are doing well?
• Where are the jobs?
• What are the wage trends?
• What roles do age and gender play?

"The U.S. labor market is as dynamic and complex as it has ever been, and this new index will help uncover key factors driving workforce trends," said Carlos Rodriguez, president and CEO of ADP.  "The index will provide a clearer picture of the vitality of today's workforce and will provide business leaders and policy-makers with actionable insights that are data driven."

The new index will measure quarterly changes in a broad range of U.S labor market metrics, including:

• Employment growth
• Wage growth
• Job turnover
• Hours worked

These metrics will reveal key workforce trends over time by geography, industry, wage tiers, tenure, age and gender, including historical data for context.

The findings are derived from ADP's unique access to 24 million anonymous, aggregated payroll data sets representing companies of all sizes.  The ADP Research Institute^®, a specialized group within ADP that provides insights around employment trends and workforce strategy, will produce the report each quarter in collaboration with Moody's Analytics, Inc.

"This index will give an unprecedented view of quarterly changes and emerging trends in the U.S. workforce," said Ahu Yildirmaz, vice president and head of the ADP Research Institute.  "Our vast base of anonymous and aggregated employee-level data provides an unparalleled opportunity to investigate key dimensions of the nation's workforce to provide a new understanding of how these trends impact our economy and our individual organizations."

Data from the new index will form the basis of a high-level panel discussion at the HR Tech Conference on October 9 in Las Vegas. David Gergen, senior political analyst for CNN, will chair a panel entitled "Workforce 2020: How Data and Analytics Will Shape the Workplace" that will discuss the implications of data analysis and the workforce from an economic, academic and talent management perspective.  More information on the new workforce index can be found here.

About the ADP Research Institute^®
The ADP Research Institute provides insights to leaders in both the private and public sectors around issues of human capital management, employment trends and workforce strategy. 

About ADP
With more than $12 billion in revenues and 65 years of experience, ADP^® (Nasdaq: ADP) serves approximately 637,000 clients in more than 125 countries.  As one of the world's largest providers of business outsourcing and Human Capital Management solutions, ADP offers a wide range of human resource, payroll, talent management, tax and benefits administration solutions from a single source, and helps clients comply with regulatory and legislative changes, such as the Affordable Care Act (ACA).  ADP's easy-to-use solutions for employers provide superior value to companies of all types and sizes.  ADP is also a leading provider of integrated computing solutions to auto, truck, motorcycle, marine, recreational vehicle, and heavy equipment dealers throughout the world.  For more information about ADP, visit the company's Web site at www.ADP.com.

The ADP logo, ADP, and the ADP Research Institute are registered trademarks of ADP, LLC.  All other trademarks are the property of their respective owners.  Copyright © 2014, ADP, LLC.

Media Contact:
Dick Wolfe
ADP
(973) 974-7034
[email protected]

SOURCE ADP

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