Welcome to our dedicated page for Automatic Data Processing news (Ticker: ADP), a resource for investors and traders seeking the latest updates and insights on Automatic Data Processing stock.
Automatic Data Processing, Inc. (ADP) is a premier provider of comprehensive human resources management software and services headquartered in Roseland, New Jersey. Established in 1949, ADP serves over 1 million clients globally, primarily based in the United States. ADP’s services encompass payroll, human capital management (HCM) solutions, HR outsourcing, insurance, and retirement services.
ADP is organized into two main segments: Employer Services and Professional Employer Organization (PEO). The Employer Services segment offers payroll and HCM solutions, HR outsourcing, insurance, and retirement services. The PEO segment, which is smaller but rapidly growing, provides HR outsourcing solutions to small and midsize businesses through a co-employment model.
In recent advancements, ADP has unveiled ADP Assist, a cutting-edge AI-driven solution that transforms work data into actionable insights, enhancing productivity and decision-making for HR professionals. The solution boasts a conversational interface that simplifies HR tasks, boosting overall workforce efficiency.
ADP’s latest technological innovations are driven by its extensive and unique dataset, which spans over 1 million clients across 140 countries, covering 41 million wage earners globally. This vast dataset is integral in training ADP's AI systems, ensuring precise and actionable insights are delivered to clients, aiding smart decision-making.
Furthering their commitment to innovation, ADP’s Marketplace has evolved to become the world’s largest digital HR storefront. Now incorporating AI-enabled partner solutions, ADP Marketplace offers clients enhanced ease and confidence in selecting solutions that best meet their HR needs.
ADP's financial health remains robust, as evidenced by their recent quarterly results and consistent job growth data from their National Employment Report. With a keen focus on secure and ethical data use, ADP ensures client data privacy and compliance, underpinning their trustworthiness in the market.
Learn more about ADP's advanced HCM solutions and the latest developments at ADP.com.
In April 2022, private sector employment rose by 247,000 jobs, as reported by the ADP National Employment Report. This monthly report is based on actual payroll data from ADP clients, reflecting a seasonal adjustment. Job creation varied by business size: small businesses saw a decline of -120,000 jobs, while medium businesses added 46,000 jobs and large businesses gained 321,000. The goods-producing sector added 46,000 jobs, while the service sector contributed 202,000. The March job additions were revised upward from 455,000 to 479,000.
ADP Research Institute will publish its April 2022 National Employment Report, Small Business Report, and National Franchise Report on May 4, 2022, at 8:15 a.m. ET. These reports provide essential employment data from ADP's payroll data, covering 460,000 U.S. clients and nearly 26 million workers. The Small Business Report focuses on businesses with fewer than 50 employees, while the Franchise Report tracks employment changes in franchising. A conference call will follow at 8:30 a.m. ET for media inquiries.
ADP (Nasdaq: ADP) announced its third quarter fiscal 2022 results on April 27, 2022. The company provided an updated outlook for the fiscal year 2022 along with its earnings release, accessible on their investor relations website. A conference call for financial analysts is scheduled for the same day at 8:30 a.m. ET. Supplemental financial information is also available online, detailing quarterly and full-year reportable segment revenues and earnings for fiscal years 2020, 2021, and 2022.
ADP Research Institute's 'People at Work 2022: A Global Workforce View' report highlights significant shifts in employee priorities influenced by the COVID-19 pandemic. Surveying over 32,000 workers across 17 countries, key findings reveal that 71% of employees have considered a major career move this year. Job security and business ethics are becoming paramount, with 76% willing to leave if confronted with pay inequality. Despite high job satisfaction (90%), stress levels have risen, impacting performance. Workers seek flexibility, with 64% considering new jobs if required to return full-time to the office.
ADP Research Institute has partnered with the Stanford Digital Economy Lab to enhance labor market analysis. This collaboration aims to leverage ADP's extensive payroll data from over 26 million U.S. employees to generate insights into workforce patterns and economic growth. The initiative, beginning summer 2022, will include rigorous research projects focusing on lower-wage worker career paths and the impact of technology like AI on the labor market. The partnership seeks to fill critical information gaps and deliver reliable labor market indicators.
The board of directors of Automatic Data Processing has declared a quarterly dividend of $1.04 per share. This dividend is payable on July 1, 2022 to shareholders of record on June 10, 2022. This announcement reflects ADP's commitment to returning value to shareholders.
ADP announced an integration with Nayya, a healthcare management platform, to enhance its ADP Workforce Now benefits system starting Summer 2022. This integration aims to empower employees with data-driven, personalized recommendations for better benefits decisions. Key features include guided enrollment processes, automated user data integration, bundled benefits options, investment support tools, and robust data privacy measures. The collaboration is expected to reduce HR administrative burdens significantly while improving employee confidence in benefit selections.
The March ADP National Employment Report reveals a significant increase in private sector employment, with 455,000 jobs added from February to March 2022. Small businesses contributed 90,000 jobs, medium businesses added 188,000, and large businesses accounted for 177,000. Employment growth was robust across sectors, particularly in service-providing industries, which saw 377,000 new jobs. The report also highlights a revision of February's job additions from 475,000 to 486,000. However, the chief economist noted that a tight labor supply poses challenges for ongoing growth in consumer-facing sectors.
ADP Research Institute will release three significant reports on March 30, 2022, at 8:15 a.m. ET: the ADP National Employment Report, ADP Small Business Report, and ADP National Franchise Report. These reports provide crucial employment insights based on ADP payroll data from 460,000 clients and nearly 26 million workers. The Small Business Report focuses on companies with up to 49 employees, while the Franchise Report covers employment from 15,000 franchisors and franchisees. Following the reports, Nela Richardson, ADP's Chief Economist, will discuss the findings in a media conference call.
ADP (Nasdaq: ADP) will release its financial results for the third fiscal quarter ending March 31, 2022, before the Nasdaq opens on April 27, 2022. A conference call is scheduled for 8:30 a.m. ET on the same day, featuring CEO Carlos Rodriguez, CFO Don McGuire, and VP of Investor Relations Danyal Hussain. ADP will no longer distribute results via news wire; instead, findings will be posted on its Investor Relations website, with an alert indicating availability. Interested parties can listen to the call via live webcast.
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