The human identity is built upon some outright unique factors, but at the same time, none demonstrate it better than our tendency to improve at a consistent pace. We say this because the stated tendency has already fetched the world some huge milestones, with technology appearing as a rather unique member of the group. The reason why technology’s credentials are so anomalous is purposed around its skill-set, which was unprecedented enough to realize all the possibilities for us that we couldn’t have imagined otherwise. Nevertheless, a closer look should be able to reveal how the whole runner was also very much inspired by the way we applied those skills across a real world environment. The latter component was, in fact, what gave the creation a spectrum-wide presence and made it the ultimate centerpiece of every horizon. Now, having such a powerful tool run the show did expand our experience in many different directions, but even after reaching so far ahead, this prodigious concept called technology will somehow keep on delivering the right goods. The same has grown to become a lot more evident in recent times, and assuming one new HRM-themed development pans out just like we envision, it will only make that trend bigger and better moving forward.
ADP, a global technology provider of human capital management (HCM) solutions, has officially announced the launch of ADP Workforce Now for Construction, which is being dubbed around as the first comprehensive HCM solution tailored for the construction industry. According to certain reports, the stated solution comes well-equipped with means to provide construction firms with everything they need to run payroll accurately, manage HR efficiently, and recruit and develop workers more effectively. Talk about these features on a granular level, starting from construction-specific payroll and compliance, the solution makes it possible for you to automate applying prevailing wage and fringe rates for government funded projects. Next up, it lets you manage and assign union wages and benefits, while simultaneously helping you create Certified Payroll and Union reports within the system. Then, there is this prospect of compensation benchmarks by industry, geography, and position to keep pay and benefits competitive. Moving on, the solution also has the means to track time and attendance in real time for employees working on multiple jobs and performing different roles. Having referred to tracking, one can also bank upon ADP Workforce Now to track and manage regulatory requirements for single or cross-state operations. Complimenting this whole payroll related proposition is the feature which allows you to transfer job cost and general ledger data to existing ERP.
ADP Workforce Now further brings to the fore an all-in-one HR suite. Here you get the option to access ADP’s Geofencing-equipped application for the purpose of giving secure and intelligence self-service capabilities to managers and other employees alike. Interestingly enough, you also get a set of best-in-class recruiting tools for attracting the right workers to meet the needs of each project across government, union, and contract work. Once recruited, the employees must be managed in a proper way, and for that, the solution offers an exclusive functionality which assists you in managing talent that includes employee training, performance and goal management, and succession planning.
“Construction businesses are too busy trying to get the work done and have limited time to worry about complex pay and compliance issues,” said Kit Dickinson, vice president of business development, ADP. “In addition, an uncertain economy makes it harder for construction firms to manage material and labor costs. Without good visibility into payroll, it’s hard to hire the right people and stay on top of labor expenditures. Until now, there hasn’t been an end-to-end HCM solution specifically designed to meet the unique HR and payroll challenges of the construction industry.”
Rounding up the highlights is ADP’s pledge to give users an access to its Construction Center of Excellence (CCOE), an initiative run by a team of dedicated construction software specialists who provide implementation and training guidance built for construction clients. This training and guidance is mainly concerned with particular and crucial disciplines like payroll, taxes, compliance, reporting, and more.
“The construction industry is singular in its human capital management challenges,” said Quincy Valencia, VP and research director at Ventana Research. “Construction businesses must handle complex regulations and reporting requirements, manage a geographically dispersed workforce, and find the quantity and quality of labor needed in a tight labor market. HCM software built specifically for the construction industry is long overdue. ADP recognizes this and has combined deep construction and HCM tech expertise for a comprehensive solution to help keep firms compliant and managing their workforce more efficiently.”