Automatic Data Processing - ADP STOCK NEWS

ADP's November National Employment Report shows private sector employment increased by 146,000 jobs, with annual pay rising 4.8% year-over-year. Large employers led growth with 120,000 new jobs, while small establishments decreased by 17,000 jobs.

The service-providing sector added 140,000 jobs, with education/health services contributing 50,000 positions. Manufacturing showed weakness with a decline of 26,000 jobs. By region, the South led with 61,000 new jobs, followed by the Northeast with 38,000.

Pay gains accelerated in November, with job-stayers seeing a 4.8% increase and job-changers experiencing a 7.2% rise. The October jobs total was revised down from 233,000 to 184,000.

ADP, a global leader in human capital management technology solutions, has announced its participation in the upcoming Nasdaq Investor Conference in London. The presentation is scheduled for Tuesday, December 10 at 3:00 a.m. ET / 8:00 a.m. GMT. Investors and interested parties can access both the live webcast and archived replay of the presentation through ADP's investor relations website at investors.adp.com.

Fiserv (NYSE: FI) and ADP (Nasdaq: ADP) announced a strategic partnership to integrate their small business solutions. The collaboration will combine ADP's RUN payroll and HR platform with Fiserv's Clover management system and CashFlow Central platform. 87 percent of small business owners expressed interest in a unified business management system, according to Fiserv research. The integrated solution will offer U.S.-based small businesses comprehensive capabilities across payroll, cash management, and payments. The partnership will begin this quarter with services launching in early 2025.

ADP has released its HR trends forecast for 2025, highlighting key areas that will shape the workplace. The report focuses on five major trends: employee experience and well-being, skills-based success indicators, AI regulation in employment, pay equity and transparency, and the impact of generative AI across different business sizes. The report emphasizes the need for better work-life boundaries in remote environments, the importance of skills-based hiring approaches, increasing AI regulation compliance, pay data understanding, and varying AI adoption patterns across different company sizes.

ADP announced a $0.14 increase in its quarterly cash dividend to an annual rate of $6.16 per share, marking its 50th consecutive year of dividend increases. The new quarterly dividend of $1.54 per share represents a 10% increase and will be distributed on January 1, 2025, to shareholders of record on December 13, 2024. The company joins the elite group of 'Dividend Kings', companies that have increased dividends for at least 50 consecutive years.

ADP has announced the finalists for its 2025 HCM Distinction Awards, recognizing large employers excelling in human capital management and workplace innovation. The awards highlight organizations demonstrating excellence in organizational agility, inclusive cultures, workplace innovation, global performance, and employee experience enhancement. Winners will be revealed at the 40th Annual ADP Meeting of the Minds Conference in Las Vegas from March 18-21, 2025. The finalists include notable companies across five categories: Agility at Work, Culture at Work, Global Solutions at Work, Innovation at Work, and Talent at Work.

The October 2024 ADP National Employment Report shows private sector employment increased by 233,000 jobs, marking the highest level since July 2023. The report indicates annual pay growth of 4.6% for job-stayers and 6.2% for job-changers. Service-providing sectors led job growth with 211,000 new positions, while manufacturing was the only sector showing job losses (-19,000). The report, based on anonymized payroll data from over 25 million U.S. employees, demonstrates robust hiring despite hurricane recovery efforts. September's job addition figures were revised upward from 143,000 to 159,000.

ADP (Nasdaq: ADP) has released its first quarter fiscal 2025 financial results and revised its fiscal 2025 outlook. The earnings release is accessible on the company's website and will also be submitted to the SEC via a Current Report on Form 8-K. A conference call for financial analysts is scheduled for October 30, 2024, at 8:30 a.m. ET, and will be webcast live on ADP's website. A slide presentation to accompany the webcast is also available on the website.

ADP (Nasdaq: ADP) has acquired WorkForce Software, a premier workforce management solutions provider specializing in supporting large, global enterprises. This acquisition aims to expand ADP's global offering of workforce management solutions and drive innovation to meet future business needs. WorkForce Software, founded in 1999 and headquartered in Michigan, offers robust time and attendance, scheduling, forecasting, leave and absence management, and employee communications capabilities.

The acquisition will broaden ADP's full suite of workforce management solutions to meet the needs of its over one million clients in more than 140 countries. WorkForce Software's solutions are designed to adapt to an organization's unique needs, accommodating various pay rules, labor regulations, and schedules for different types of employees.