HR and payroll tech provider ADP has added several new tools to its DataCloud platform. The new ADP DEI Dashboard and Organizational Benchmarks Dashboard help analyze diversity in a workforce, and help better allocate staff resources.
“ADP DataCloud gives our clients access to their people data and then uses data science and artificial intelligence to reveal insights and trends,” said Jack Berkowitz, ADP’s senior vice president of product development for ADP DataCloud, in a statement. “The new capabilities demonstrate how ADP DataCloud helps answer common business questions that previously were difficult to answer or required custom analytics projects. These questions, involving diversity and organizational comparisons to other companies, represent some of the most important workplace issues of today.”
Diversity, equity and inclusion
ADP’s new DEI Dashboard is designed so that companies can see the makeup of their workforce and identify whether any groups are underrepresented by using a question-and-answer format. The dashboard includes tabs with questions like “How diverse is your workforce?” “Which areas of my organization are not diverse?” and “How diverse is my organization’s leadership distribution?” Clicking on any of these tabs takes them to a comprehensive view of their workforce, providing supplemental data to analyze and to help answer these questions for their organization.
The DEI Dashboard breaks down the diversity of staff by the organization, department and job level. Users can see equity metrics and break down data by categories like ethnicity, gender, age, disability or veteran status. The idea is for these tools to show trends over time, and allow businesses to better set, track and expand their diversity, equity and inclusions goals.
“Now more than ever, companies need to take a scientific approach to their diversity and inclusion efforts,” said Bob Lockett, chief diversity and talent officer at ADP, in a statement. “The right data tools can enhance how they evaluate the makeup of their workforce and inform the decisions they need to help them hit their diversity goals, and ultimately make a huge difference for their people and their community.”
The Organizational Benchmarks Dashboard is built to help businesses answer questions like “How does my headcount by department compare to similar organizations in my region? Nationally?” “Which skills should my organization be investing more in?” and “What percentage of total labor costs do my peers spend on specific functional areas, like sales and marketing?”
This dashboard taps into ADP’s very large set of real workforce data to provide the following capabilities in benchmarking:
- Comparing organizational metrics like headcount, labor costs and turnover against other similar businesses;
- Advising which jobs or departments leaders should invest in;
- Identifying areas of the company that could be over-invested and recommend re-deploying capital into other jobs; and
- Analyzing areas of strength and opportunities for improvement, including possible savings from an outsourcing plan.
Limited release, additional ADP DataCloud features
Workforce Compensation Analysis tool: Using ADP’s compensation benchmarks, this tool gives compensation competitiveness assessments across an entire organization. It is designed to evaluate the pay competitiveness of every job in a client organization in relation to the market, and identify jobs or workers who are being underpaid or overpaid, relative to similar positions.
Turnover Risk Headlines: This tool highlights situations that might not be immediately obvious to business managers. It can be found within the Executive & Manager Insights capability, and highlights employees who are likely to leave the organization due to factors like low compensation, high overtime or long periods of time since the last promotion, and brings those insights to the attention of managers and leaders.