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Estimates have ADP handling payroll for a fifth of all employees working for a private employer in the U.S. Higher wages may be giving employees greater flexibility, with ADP Research Institute data showing that the average year-over-year pay increase for job-stayers in 2022 and 2023 was 6.9 percent. From a demographic standpoint, women work fewer hours and account for a much higher share of all part-time jobs (56%) than their share of full-time jobs (47%). Pay gains for job-changers jumped in MarchFor job-stayers, year-over-year pay gains were flat at 5.1 percent after months of steady deceleration.
- “I would like to believe that part-time work gives individuals more flexibility and they’re able to do the work as their own schedules allow,” suggests Weinrich.
- This sector posted job losses and the smallest pace of growth in pay since August 2021.
- Positions that are likely to be more stable in their duties and outputs, requiring the same skills and performance over time, can be great choices for part-time work.
- There are core advantages for employers supporting part-time work, notes Weinrich.
- You will take the initiative to seek answers, solutions, and positive outcomes.
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The ADP National Employment Report is also known as the ADP Jobs Report or How to buy eos the ADP Employment Report. “There’s an opportunity to reimagine what that part-time contributor looks like and make an overture for a more inclusive environment if that’s right for the part-time worker,” says Weinrich. For HR leaders, a growing part-time workforce offers important opportunities for growth and developing new strategies to support talent and fill certain roles. “March was surprising not just for the pay gains, but the sectors that recorded them. The three biggest increases for job-changers were in construction, financial services, and manufacturing,” said Nela Richardson, chief economist, ADP. “Inflation has been cooling, but our data shows pay is heating up in both goods and services.” ADP, or Automatic Data Processing, Inc., provides payroll and human resources services for businesses of all sizes.
There’s also an opportunity to keep key talent that might need greater flexibility, while still allowing them to contribute. Here’s a closer look at what’s shaping the demand for part-time opportunities and what HR leaders should consider. For HR leaders, there’s an opportunity to understand this changing demand and reimagine the role of part-time contributors. Making an impact, shaping the future together, and putting the “people” into “Always Designing for People.
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“As the labor market evolves, methods for measuring employment dynamics also need to evolve,” ADP chief economist, Dr. Nela Richardson said. It reported that private sector employment rose by 208,000 jobs for September 2022, and the annual pay increased by 7.8%. The original expectation for new jobs was 185,000, but the gains are tempered by the fact that the growth is under the recent three-month average. We are a comprehensive global provider of cloud-based human capital management (HCM) solutions that unite HR, payroll, talent, time, tax and benefits administration and a leader in business outsourcing services, analytics and compliance expertise.
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The methodology of the ADP National Employment Report is managed by Stanford Digital Economy Lab using figures that are seasonally adjusted.
What Is The ADP Jobs Report? Here’s What Investors Need To Know
Whether your job sits in the United States or Canada, at ADP, you’ll find an inclusive one-of-a-kind culture, a commitment to your career development, and all the benefits that come with working for a global industry leader. Whatever way the world choses to work, ADP is there to make that a reality through market-leading global HR technology. Whether we’re leveraging Gen AI, using the latest tech stacks to create adaptive platforms to change an industry, or developing one of the Top 10 mobile apps for business, we’re focused on making a positive impact on the lives of millions of people around the world. Whether it’s new technologies, advancing apps across the enterprise, or scaling services to meet client needs, you play an essential role in delivering a seamless experience.
What is the ADP National Employment Report?
And with data driven insights from ADP, our clients have the precise information they need today to have a competitive edge tomorrow. Serving clients in 100+ countries, our careers maximize flexibility, global collaboration, and service excellence. “Job gains and pay growth are slowing going into the second half of the year,” said Nela Richardson, chief economist, ADP. “The labor market is solid, but we’re monitoring notable pockets of weakness tied to both producers and consumers.”
Private employers added 122,000 jobs in JulyJob creation edged down as pay gains continued to slow. “With wage growth abating, the labor market is playing along with the Federal Reserve’s effort to slow inflation,” said Nela Richardson, competitive, consistent institutional trading chief economist, ADP. Our unmatched experience, deep insights and cutting-edge technology have transformed human resources from a back-office administrative function to a strategic business advantage. Whether your job sits in Argentina, Brazil, Chile, Colombia, Mexico, or Peru, at ADP, you’ll find an inclusive one-of-a-kind culture, a commitment to your career development, and all the benefits that come with working for a global industry leader. Whether your job sits in Australia, China, India, Japan, the Philippines or Singapore, at ADP, you’ll find an inclusive one-of-a-kind culture, a commitment to your career development, and all the benefits that come with working for a global industry leader.