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Small Business Week Observed by ADP: Insights Gleaned from 18,000 Business Owners

ADP Celebrated National Small Business Week by Disseminating Guidance from Over 17,000 Business Owners and Providing Expert Knowledge on HR and Operational Issues.

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U.S. payroll giant ADP observed National Small Business Week by disseminating guidance from...
U.S. payroll giant ADP observed National Small Business Week by disseminating guidance from approximately 18,000 entrepreneurs and providing specialized expertise on human resources and operational obstacles.

Winning Small Business Strategies and ADP Guidance

Small Business Week Observed by ADP: Insights Gleaned from 18,000 Business Owners

Small business owners and ADP experts have teamed up to provide an inspiring collection of strategies and insights to conquer the challenges of small business ownership. Here's a snapshot of the key tactics shared by small business leaders and the informed advice from ADP:

Strategies from Small Business Owners

  1. ** grit and persistence**: Small business owners believe that patience and determination are vital to overcome challenges and navigate business growth. Staying flexible and resilient is a must in this journey.[2][3]
  2. build a dream team: The importance of fostering a strong, tight-knit team can't be overstated. This means cultivating a positive work culture and ensuring employees feel valued and supported.[2]
  3. enjoy every moment: Small business owners wear many hats, yet they often find enjoyment in their work regardless of the hurdles they face.[2]

Insights from ADP Experts

Benefits

  • competitive benefits package: Tina Wang, the Division Vice President of Human Resources at ADP, suggests employing a comprehensive benefits strategy to attract and retain talent. High-impact benefits, like medical and retirement packages, should be prioritized, and employees should be educated about these benefits.[3]
  • valuing employees: Benefits can make employees feel valued, increasing their likelihood of staying with the company. ADP research has shown that employee retention increases when employees understand their benefits.[3]

Compliance

  • staying on top of regulations: Meryl Gutterman, Senior Counsel at ADP, underlines the need for small businesses to keep abreast of changing compliance needs, such as minimum wage and pay transparency laws.[1][2]
  • adaptability is key: Erron Stark, the General Manager and Vice President of Small Business Services at ADP, emphasizes the ability to adapt to changes in compliance landscapes.[4]

Employee Development

  • focus on learning: Jason Delserro, Chief Talent Acquisition Officer at ADP, places learning and development at the heart of small business growth. Encouraging employee growth paths and emphasizing practical, hands-on training is essential.[3]
  • envisioning growth: Small businesses should determine what they seek in candidates while also visualizing how employees can grow within the company.[3]

Technology

  • smart solutions for operational efficiencies: Brooke Hatcher, Chief Product Officer at ADP, proposes the use of technology to simplify operations. At the same time, it's important to maintain the human connection that is vital to small businesses.[1][2]
  • blending innovation and personal guidance: Combining innovative technology with the personal guidance of trusted advisors ensures small businesses have the support they need to thrive.[1]

These winning strategies and expert insights offer a powerful resource for small businesses to triumph against current challenges and achieve long-term success.

  1. Small business owners emphasize the importance of grit, persistence, and resilience in overcoming challenges and navigating business growth.
  2. Building a strong, tight-knit dream team, characterized by a positive work culture and employee support, is crucial for small business success.
  3. Small business owners find enjoyment in their work, despite the hurdles they face, demonstrating the value of embracing every moment.
  4. Tina Wang, from ADP, suggests that a comprehensive benefits strategy, including high-impact benefits like medical and retirement packages, can attract and retain talent.
  5. Meryl Gutterman, Senior Counsel at ADP, underscores the need for small businesses to stay current with changing compliance needs, such as minimum wage and pay transparency laws.
  6. Erron Stark, ADP's General Manager and Vice President of Small Business Services, emphasizes the importance of adaptability when confronted with changes in compliance landscapes.
  7. Jason Delserro, ADP's Chief Talent Acquisition Officer, prioritizes learning and development, encouraging employee growth paths and practical, hands-on training, while emphasizing the need for small businesses to envision growth for candidates and within the company. Brooke Hatcher, ADP's Chief Product Officer, proposes using technology to simplify operations while maintaining the human connection vital to small businesses. Furthermore, blending innovative technology with the personal guidance of trusted advisors ensures small businesses have the support they need to thrive in the realm of data-and-cloud-computing technology, education-and-self-development, career-development, online-education, lifelong-learning, and skills-training.

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