Users will have direct access through the ADP GlobalView HCM Service portal. The dashboards are available to ADP Clients such as Regional & Global (Operations, HR, or Payroll) Managers. Who can use the Service Metrics Dashboards? How can I get access?.Yes, the Service Metrics Dashboards are a value added service offered to ADP GlobalView HCM clients. Does my company need to be an ADP Client?.To help meet the evolving needs of organizations and their increasingly global workforces, ADP designed a global solution, aimed at facilitating the analysis of the payroll process, based on common key performance indicators measured by ADP. What are the Service Metrics Dashboards?.This tool helps plan sponsors assess their employees’ retirement readiness making it a core differentiator for every ADP Retirement Services customer. In order to stay competitive in today’s tight labor market, organizations are increasingly looking to offer employees more sophisticated assistance with their financial wellness, including data-driven retirement planning. It is a real-time solution that helps them go beyond basic reporting, understand the bigger picture, while providing more precise guidance towards retirement plan health.” “With this offering, we seek to provide our customers with a holistic solution that helps plan sponsors be more proactive and strategic in their roles.
“Based on research we commissioned to better understand employee retirement preparations and outlook in January, retirement readiness remains a significant challenge, with nearly half of employees saving less than $5,000 annually,” said Kristin Andreski, senior vice president and general manager, Retirement Services at ADP. With benchmarking, organizations can gain a deeper, broader perspective on retirement planning and optimize their plan to be more competitive. It also stands out due to its simplified, easy-to-understand snapshot of the health analytics of a retirement plan and the ability to easily stack this data up against industry benchmarks. The dashboard is unique in the market as it is based on a proprietary plan health scoring methodology. In response, organizations are meeting this demand by delivering more actionable financial technology tools. According to ADP’s Evolution of Pay study, 79% of employees want to work for an employer that cares about their financial wellness. They can measure plan progress using key plan indicators to determine if their plan is on track or if they need to take action on performance improvement.Įmployees are staying in the workforce longer, dealing with financial stress due to numerous factors, and increasingly looking to their employers for help. Using the dashboard allows VPs, CFOs, financial advisors, benefits managers, and payroll managers to quickly assess the health of the retirement plan for a company’s workforce. To design a more people-centric approach to retirement readiness and drive better retirement outcomes, ADP Retirement Services recently launched an analytics-driven dashboard for easier and more effective management of retirement plan health.
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