MIT report reveals how Asia is speeding up global adoption of AI

Posted by: ADP HK on 16 March 2017 in Innovation & Technology

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According to a new MIT Technology Review, Asia’s business landscape is poised not only to benefit greatly from the rise of artificial intelligence (AI) and robotics technologies, but also to define it. The report, Asia’s AI Agenda, suggests that the region’s quest for technology innovation and sustained economic growth drives tremendous investment in the space.Indeed AI and robotics is moving from the assembly line and emerging as an important tool for businesses of all types and sizes. AI is already used to place financial market trades, answer customer queries online, interpret images and handle large volumes of highly detailed work. With the explosive use of big data, the driver to competitive advantage is who can learn fastest from the gathered information, to monetise its value. AI is proving to be a powerful ally in that race.At ADP we’re interested in…

ADP Named to List of “World’s Most Admired Companies” by FORTUNE for Eleventh Year

Posted by: ADP HK on 27 February 2017 in ADP News

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On February 16th, FORTUNE® magazine published its “World’s Most Admired Companies” list for 2017, which recognizes companies who have a strong corporate reputation among their peer set. I’m proud that ADP made the list for the eleventh year in a row. We also ranked #1 in the Financial Data Services industry category for the fifth consecutive year, which specifically considers how we are regarded for what we do.Placement on this list is an honor – and a testament to our commitment to excellence and continuous innovation throughout all aspects of who we are and how we serve our clients. It is also quite humbling, as the title is given based on feedback from executives, directors and analysts from the companies we work with, and criteria spans from investment value to social responsibility. This recognition would not be possible without the…

CFO’s changing view on human resources: From cost to assets

Posted by: ADP HK on 21 February 2017 in Human Capital Management

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In a survey by Robert Half Management Resources, 85% of CFOs said their roles have expanded outside of traditional accounting and finance in the three years prior to the study. Human resources topped the list of new skills, followed by IT, operations, and marketing and sales. Executive search firm Spencer Stuart also states that when looking for CFOs they will note their ability to collaborate across all segments of the business, among which HR partnership is critical.As the chief responsible person for a company’s financial issues, the role of CFO expanded steadily in the past years. The CFO function has transformed from accounting to management and then to high-level strategy, deal-making and even public relations. During the process, their partnership with CHRO is strengthening. You may now often see CFO and CHRO work together in areas like strategic workforce planning…

#HR2017: Talent Acquisition Trends for 2017 — Tips to Attract Rock Stars

Posted by: ADP HK on 7 February 2017 in Human Capital Management, Trend views

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Organizations have always placed substantial value on talent acquisition, but the game has changed considerably over the years. According to LinkedIn, 83 percent of recruiters say that talent is the top priority at their organization and the majority of teams plan to increase hiring volumes over the next year. But how do you ensure you're able to attract top performers in your industry and stay ahead of your competition?Recognizing and understanding these five talent acquisition trends for 2017 should help your business keep your recruitment efforts on the right track.1. Forward ThinkingRecruiters should be able to leverage online profile data into usable intelligence and determine likely candidates. But new trends for 2017 go beyond better data analysis. They'll also require HR departments to reach out and contact prospective employees even before a position is available. Waiting until job descriptions or…

Virtual Reality to Enhance HCM

Posted by: ADP HK on 28 December 2016 in Innovation & Technology

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Virtual Reality in HR holds the potential to transform the future of work — from recruiting and onboarding to training, engagement and beyond. Commercially-available devices such as Oculus Rift are making virtual reality readily accessible and affordable. The number of businesses in the virtual reality space is booming, and according to estimates by Bank of America Merrill Lynch, VR will be a $150 billion industry by 2022.Virtual reality, more commonly known as VR, is the computer-generated simulation of three-dimensional images, giving users — no matter where they're located — an immersive and realistic experience that connects at a deep sensory and cognitive level. VR is powerful because it feels real, which is why it's been used by NASA to train astronauts, airlines to train pilots and construction businesses to train on safety.So let's take a look at some ways VR…