The private employment sector has been witnessing constant changes across the globe. While attrition rates in some market sectors seem to be on the rise at times, a number of them seem to be the favorites among the professionals at the same time.

ADP, a provider of business outsourcing and human capital management solutions, recently introduced its ADP National Employment Report for the month of March 2013 in close cooperation with Moody’s Analytics, a firm that offers useful insight to enable capital markets and risk management professionals in changing their strategies according to rapidly changing market scenario.

The study says there was a rise of 158,000 jobs in the private sector employment between the months of February and March this year, while the job gains in two previous months saw a drastic turn. Based upon the actual payroll data of ADP, the report assesses overall difference realized in the nonfarm private employment every month. During February 2013 a gain of 198,000 jobs had been realized that was further revised up by 39,000 to turn 237,000. Prior to that, in the month of January a gain of 215,000 jobs was observed, which further revised down by 38,000 to 177,000.  

Data-related details and the statistical model used to develop the report, titled, “ADP National Employment Report: Development Methodology,” is available online here. Client enterprises served by ADP provide real and anonymous payroll data to the firm, which is leveraged by it to measure the aggregate change in total U.S. nonfarm private employment. An expert group within the company named ADP Research Institute further analyzes the data to offer valuable results and inferences regarding employment trends and workforce strategy, taking around 24 million U.S. workers into account.  

Additionally, the company also creates a subset of the ADP National Employment Report titled, “ADP Small Business Report,” that is an analysis of private nonfarm employment among companies in the U.S. with employee strength between one and 49. Pay periods for assessment of data collected for both the reports are assigned in a way so that the week of the 12th of every month can be interpolated within it, while the statistical methodologies deployed for doing the same are ones that are used by the U.S. Bureau of Labor Statistics for assessment of employment.

According to the March 2013 report by ADP, on the basis of company size, total growth in U.S. Nonfarm Private Employment of 158,000 jobs consists of a growth of 74,000 jobs in small businesses among which companies with employee strength between one and 19 claimed a share of 44,000 and the companies with employee strength between 20 and 49 gained a figure of 30,000. Similarly, medium businesses with employee strength between 50 and 499 had a gain of 37,000, while large businesses had a gain of 47,000 employees out of which companies with employee strength between 500 and 999 gained 27,000, and those with 1000 or more employees had a gain of 20,000 in the month of March 2013.

In November 2012, IDC (News - Alert) recognized ADP as a leader in worldwide human resources business process outsourcing in its report, “IDC MarketScape: Worldwide HR BPO 2012 Vendor Analysis.”