ADP Rings NASDAQ Opening Bell Celebrates 75 Years at the Forefront of Payroll & HR Innovation

Rhea-AI Summary

ADP marked its 75th anniversary by ringing the NASDAQ Opening Bell on June 10, 2024. Since its inception in 1949, ADP has grown from serving a single client to over one million worldwide, focusing on workforce innovation. The company has pioneered various HCM solutions, including payroll outsourcing, cloud services, and mobile apps. Recently, ADP launched AI-powered ADP Assist, enhancing HR productivity and decision-making. According to an ADP Research Institute study, global workers have varying views on AI's future role in work. More insights will be available in the forthcoming 'Today at Work, Issue 6' on June 17, 2024.

Positive

• ADP celebrates 75 years of innovation and service in HCM solutions.
• The company serves over one million clients globally, demonstrating broad market reach.
• ADP has pioneered multiple technological advancements in the HCM industry.
• Launch of AI-powered ADP Assist enhances HR productivity and decision-making.
• ADP's extensive workforce dataset strengthens its AI tools, offering data-driven insights.
• The ADP Research Institute provides valuable insights through studies, aiding informed business decisions.

Negative

• No direct mention of financial performance or revenue growth in the PR.
• The impact of AI solutions on the company's revenue or profitability is not specified.
• No detailed information on challenges or risks faced by the company.

Milestone anniversary marks ADP's enduring impact on the world of work through technological innovation, world-class service and unparalleled expertise bolstered by an industry-leading dataset 

ROSELAND, N.J., June 10, 2024 /PRNewswire/ -- ADP^®, a leading global technology company providing human capital management (HCM) solutions, marked its 75^th anniversary by ringing the NASDAQ MarketSite Opening Bell on Monday, June 10, 2024. The ceremony signified ADP's longstanding history and meaningful impact in shaping the world of work. Since its inception in 1949, serving one client in New Jersey, to today with more than one million clients worldwide, ADP has always been focused on designing better ways to work.

"We are proud to celebrate 75 years at the forefront of workforce innovation, and we share this achievement with our talented associates and our valued clients who have trusted us to help them achieve their goals," said Maria Black, president and CEO, ADP. "This milestone validates our deep commitment to innovation and to keeping our clients and their employees at the center of our work, and we will continue to help them thrive as the needs of businesses evolve."

ADP's deep workforce dataset, technological innovations and industry expertise propelled the HCM industry through decades of change. ADP pioneered payroll outsourcing and was the first in the industry to deliver automation; the first HCM provider in the cloud; the first to provide a mobile HCM app; the first to create an online HCM app marketplace; and today, is leading HCM innovation with its generative AI solutions.

Building the Next Era of Workforce Technology with Generative AI

ADP continues to drive advancements through ongoing product enhancements, including generative AI-powered technology. ADP Assist was launched earlier this year as a cross-platform generative AI solution that enhances HR productivity, aids decision-making with data-driven insights, and streamlines day-to-day tasks with simple, natural language conversations.

Strengthened by its unparalleled expertise, ADP's unmatched HCM dataset is used to train the company's generative AI tools to anticipate what clients want and need, in order to deliver easy, smart, and human solutions for employers and employees.

Insights in Action: Decoding the Future of Work

Navigating the road ahead requires an understanding of the global trends shaping jobs, talent and technology. As the needs of businesses continue to change, ADP is committed to providing data and insights to help businesses make informed decisions. In the latest study from the ADP Research Institute^® (ADP Research), analysis of 35,000 private-sector workers across 18 countries reveals how workers view AI and the role it will play in work over the next few years.

For more information and a deeper dive into the data, visit ADP Research's Data Lab. This study, along with other data-driven research will be included in Today at Work, Issue 6 due out on June 17, 2024.  

About ADP (NASDAQ: ADP)

Designing better ways to work through cutting-edge products, premium services and exceptional experiences that enable people to reach their full potential. HR, Talent, Time Management, Benefits and Payroll. Informed by data and designed for people. Learn more at ADP.com

ADP, the ADP logo, and Always Designing for People, are trademarks of ADP, Inc. All other marks are the property of their respective owners.

Copyright © 2024 ADP, Inc.  All rights reserved.

View original content to download multimedia:https://www.prnewswire.com/news-releases/adp-rings-nasdaq-opening-bell-celebrates-75-years-at-the-forefront-of-payroll--hr-innovation-302168455.html

SOURCE ADP, Inc.

FAQ

What did ADP celebrate on June 10, 2024?

ADP celebrated its 75th anniversary by ringing the NASDAQ Opening Bell.

How many clients does ADP serve worldwide?

ADP serves over one million clients globally.

What innovative solutions has ADP pioneered in the HCM industry?

ADP pioneered payroll outsourcing, cloud services, mobile apps, and an online HCM app marketplace.

What is ADP Assist?

ADP Assist is a generative AI-powered solution that enhances HR productivity and aids decision-making.

What study did the ADP Research Institute recently conduct?

The ADP Research Institute analyzed 35,000 private-sector workers across 18 countries to understand views on AI's future role in work.

When will more insights from ADP Research be available?

More insights will be available in 'Today at Work, Issue 6' on June 17, 2024.