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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.
ADP Research Institute will publish its January reports on January 2, 2022, at 8:15 a.m. ET. The reports include the ADP National Employment Report, the ADP Small Business Report, and the ADP National Franchise Report.
The reports utilize payroll data from 460,000 clients and nearly 26 million workers, providing insights into private sector employment trends. A conference call with Chief Economist Nela Richardson will follow the report release at 8:30 a.m. ET to discuss the data.
ADP (Nasdaq: ADP) announced its second quarter fiscal 2022 financial results on January 26, 2022, alongside a revised outlook for the fiscal year. The company intends to provide detailed financial metrics and segment revenue information on its investor relations website and will hold a conference call for analysts the same day at 8:30 a.m. ET. Key financial metrics and earnings information from fiscal years 2020, 2021, and 2022 are also available for review.
ADP has announced the launch of multi-country payroll functionality integrated into ADP Workforce Now, enabling U.S. and Canadian businesses to manage payroll in over 50 countries seamlessly. This new feature addresses challenges of disconnected systems by providing native integration, enhancing data integrity and payroll efficiency while simplifying end-to-end payroll management. ADP emphasizes that as organizations expand globally, its technology will help ensure accurate and timely payroll for workers worldwide.
Automatic Data Processing (Nasdaq: ADP) has announced a quarterly dividend of $1.04 per share, payable on April 1, 2022 to shareholders recorded on March 11, 2022. This dividend reflects ADP's commitment to delivering shareholder value and signals confidence in its ongoing business performance.
ADP is enhancing its benefit carrier relationships through advanced API integrations, aiming to streamline HR and finance processes. This upgrade facilitates real-time connectivity, significantly reducing manual data entry errors and processing times. The integration allows employers to expedite benefits enrollment, improving employee experience. Partner companies like Prudential and Aflac highlight the benefits of these integrations in enhancing service delivery. ADP underscores its commitment to technology that simplifies benefits administration and meets the digital demands of the modern workforce.
Private sector employment rose by 807,000 jobs from November to December, as reported by the ADP National Employment Report. This report is produced by the ADP Research Institute in collaboration with Moody's Analytics and utilizes ADP payroll data from 460,000 clients, covering nearly 26 million workers. The report highlights that small businesses added 204,000 jobs, medium businesses contributed 214,000 jobs, and large businesses accounted for 389,000 jobs. Despite job gains exceeding 6 million in 2021, payrolls remain nearly 4 million jobs short of pre-COVID-19 levels.
ADP will release the December findings of the ADP National Employment Report, ADP Small Business Report, and ADP National Franchise Report on January 5, 2022, at 8:15 a.m. ET. These reports provide insights into U.S. employment trends based on payroll data from 460,000 clients, covering nearly 26 million workers.
The Small Business Report focuses on businesses with fewer than 50 employees, while the Franchise Report analyzes changes in franchise employment. A media conference call will follow at 8:30 a.m. ET.
ADP (Nasdaq: ADP) will announce its financial results for the second fiscal quarter ending December 31, 2021, on January 26, 2022, before the Nasdaq opens. 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. Financial results will no longer be distributed via news wire, but instead posted on the Investor Relations section of ADP's website. Investors can access the conference call live or via replay on ADP's investor site.
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