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.
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.
ADP has launched the payroll app Roll™ in Spanish, catering to the 11 million Spanish-speaking individuals in the U.S. This move aims to aid small businesses in managing a diverse workforce, making payroll processes smoother. The app allows business owners to run payroll via a chat interface in under a minute, with features supporting tax compliance and employee management. New users can access the app free for three months, with a pricing plan of $17/month plus $5 per employee afterward.
ADP has been named a Leader in the HCM Technology NEAT 2021 Assessment by industry analyst firm NelsonHall for both SMB and Mid/Large market segments. This recognition highlights ADP's effective management capabilities across the employee journey, leveraging advanced HCM technology. Key strengths include the ADP DataCloud for analytics, a comprehensive API marketplace, and strong HR outsourcing services. The NEAT assessment evaluates vendors based on their immediate benefits and future client needs, affirming ADP's commitment to evolving workplace trends and tailored solutions.
According to the November ADP National Employment Report, private sector employment rose by 534,000 jobs from October to November 2021. This increase includes 115,000 jobs from small businesses and 277,000 jobs from large businesses. The report highlights that service-providing sectors accounted for the majority of job gains, adding 424,000 jobs. The three-month average of job additions now stands at 543,000 per month, reflecting the ongoing recovery in the labor market.
ADP Research Institute will release the November findings of the ADP National Employment Report, ADP Small Business Report, and ADP National Franchise Report on December 1, 2021 at 8:15 a.m. ET. These reports provide key insights into private sector employment, focusing on small businesses and franchises. The data encompasses 460,000 U.S. clients and nearly 26 million workers, developed in collaboration with Moody's Analytics. A media conference call will follow at 8:30 a.m. ET, featuring ADP Chief Economist Nela Richardson.
On November 17, 2021, ADP highlighted significant shifts in the workforce driven by the pandemic. A survey revealed that 64% of workers faced negative impacts, with 28% losing jobs or being furloughed. Employers are now pressured to adapt to changing worker priorities, emphasizing data-driven decision-making. Key trends for 2022 include redefining employee visibility, focusing on connection and workplace culture, and leveraging reliable data for compliance. The report suggests that prioritizing people will foster innovation and growth, essential in a transforming labor landscape.
ADP was named a Leader in the Everest Group's 2021 Multi-country Payroll (MCP) solutions PEAK Matrix® assessment, marking its continued recognition since 2013. The assessment evaluates service providers on market success and delivery capability, with ADP noted for its global payroll offerings and innovative R&D efforts. ADP’s focus on employee analytics, automation, and simplified client onboarding has strengthened its competitive position. ADP also highlighted its new Global Consulting Services, addressing client payroll transformation needs and enhancing service delivery.
Automatic Data Processing (ADP) has announced a $0.11 increase in its quarterly cash dividend, bringing the annual rate to $4.16 per share. This marks the 47th consecutive year of dividend increases, reflecting the board's confidence in ADP's ongoing performance. The new dividend rate of $1.04 per share will be paid on January 1, 2022, to shareholders of record on December 10, 2021. ADP emphasizes its commitment to delivering shareholder value through consistent dividend growth.
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