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.
ADP introduces enhanced features to its WorkMarket platform, enabling firms to manage their extended workforce effectively. Key updates include new analytics dashboards that track operational metrics, budget management, and staffing forecasts. This platform aids in identifying workers, verifying credentials, and streamlining payments through a 1099 payment engine. The updates aim to improve user experience and operational efficiency for companies relying on freelance and contingent workers, positioning WorkMarket as a comprehensive solution for managing freelance labor.
According to the ADP National Employment Report released on November 3, 2021, private sector employment rose by 571,000 jobs from September to October 2021. Small businesses contributed 115,000 jobs, medium businesses added 114,000, and large businesses saw an increase of 342,000 jobs. The services sector gained 458,000 jobs, while goods-producing sectors added 113,000. The report indicated a notable recovery in the job market, particularly driven by large companies, as the pandemic's impact diminished.
The ADP Research Institute reports that U.S. wage growth in Q3 2021 rose by 3.3%, aligning with pre-pandemic levels. Job switchers experienced a notable 6.6% wage increase since September 2020. Employment growth was 4.1% year-over-year, with the leisure and hospitality sector seeing the most significant gains at 15%. Female job switchers outpaced men in both switching rates and wage growth. Despite overall positivity, disparities remain across regions, with the Midwest lagging at 1.7% in wage growth.
On November 3, 2021, at 8:15 a.m. ET, the ADP Research Institute will release the ADP National Employment Report, ADP Small Business Report, and ADP National Franchise Report. These reports provide critical insights into private sector employment data derived from ADP payroll data that encompass 460,000 clients and nearly 26 million U.S. workers. A conference call at 8:30 a.m. ET will feature Nela Richardson, ADP's Chief Economist, discussing the findings.
ADP (Nasdaq: ADP) reported its first quarter fiscal 2022 results on October 27, 2021, revealing key financial metrics and a revised outlook for the year. The company continues to lead in human capital management solutions. The detailed earnings release is available on ADP's investor relations website. A conference call for financial analysts is scheduled for the same day at 8:30 a.m. ET, with a replay and presentation slides accessible online. For comprehensive financial data, including past fiscal years, visit their official site.
ADP (Nasdaq: ADP) is set to host its 2021 Investor Day on November 15, 2021, in Roseland, NJ. The event will commence at 9:00 a.m. ET and conclude around 12:00 p.m. ET. Key executives, including Carlos Rodriguez (President and CEO) and Don McGuire (CFO), will present updates on the company's strategic initiatives and outlook. Registration for the event is available on the ADP Investor Relations website, where a live webcast and materials will also be accessible.
ADP National Employment Report indicates a significant rise in private sector jobs, adding 568,000 jobs from August to September 2021. Small businesses contributed 63,000 jobs, medium businesses 115,000, and large businesses 390,000. The services sector dominated job creation with 466,000 jobs added, while goods-producing sectors added 102,000 jobs. Despite a slowdown compared to previous months, the report reflects ongoing recovery in the labor market. The revised August job additions decreased to 340,000 from 374,000.
ADP Research Institute has launched the HR XPerience Score (HRXPS), a groundbreaking metric that measures HR service quality and its effect on a company's talent brand. This extensive study surveyed over 32,000 respondents across 25 countries, revealing that strong HR interactions significantly influence employee perceptions. Employees with a single HR contact are twice as likely to view HR positively. Key findings show that onboarding and performance attention are critical in enhancing HRXPS. This study provides vital insights for businesses focusing on talent acquisition and retention in a competitive job market.
ADP will release the September findings of the ADP National Employment Report, ADP Small Business Report, and ADP National Franchise Report on October 6, 2021 at 8:15 a.m. ET. These reports provide vital insights into private sector employment, with data derived from ADP payroll data representing 460,000 U.S. clients and nearly 26 million workers. A media conference call led by ADP Chief Economist Nela Richardson will follow at 8:30 a.m. ET.
ADP has been recognized as the 2021 Top Large Company for Women Technologists by AnitaB.org, reflecting its commitment to gender equity within the tech sector. This distinction marks the second consecutive year ADP has achieved this honor. The program evaluated over half a million technologists from 56 companies, focusing on diversity metrics and workforce representation. ADP's leadership emphasized the importance of a diverse workforce to meet the unique challenges of today's employers and workers. The results underscore ADP's ongoing efforts to foster an inclusive workplace culture.
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