Are you feeling the pressure of the talent tsunami?
The talent tsunami is a mass exodus of employees going to other companies, industries or completely changing professions to find something more inspiring. And if you think that sourcing new talent won’t be hard, remember that you’re competing with every company that’s in the same boat as you.
Disruptions in labor trends become even more challenging when you overlay them specifically for payroll practitioners. Consider these facts:
- 74% of payroll professionals are 40 years of age or older
- 34% of payroll professionals only stay in a job for one to two years
- From 2018 to 2028, payroll and timekeeping clerk positions will decline by 3%
If you’re not prepared for this unprecedented labor shortage, ADP HCM Managed Services can help. Our specialists will become an extension of your team and provide dedicated expertise so you can have confidence that your payroll and other core HCM functions are taken care of according to best practices.