Automatic Data Processing - ADP STOCK NEWS

ADP has been recognized as a Leader in the IDC MarketScapes for 2021 in areas including Integrated Talent Management, Learning Management, Performance Management, and Compensation Management. The report, which highlights ADP's enhancements since 2018, emphasizes its comprehensive suite of talent solutions that aid organizations from hiring to retiring employees. ADP's strengths include vendor viability, employee engagement capabilities, and a single-source integrated talent management portfolio. The IDC assessment also acknowledges ADP's commitment to innovation and adapting to new work environments amidst ongoing challenges.

Intercontinental Exchange (ICE) and ADP have launched a new data service aimed at enhancing investors' understanding of the U.S. municipal bond market. This service integrates ADP's aggregated human resources data with ICE's reference data on over one million municipal bonds. The data will provide insights into issuer financial stability, with metrics including average gross pay and income projections. This collaboration allows users to analyze trends and assess risks associated with municipal bonds to make informed investment decisions.

In August 2021, the ADP National Employment Report revealed a significant increase in private sector employment, adding 374,000 jobs from July. The report, derived from ADP's payroll data of nearly 26 million workers, showed small businesses added 86,000 jobs, medium businesses 149,000, and large businesses 138,000. Service-providing sectors dominated job creation, contributing 329,000 jobs, while goods-producing sectors added 45,000. Despite this growth, uncertainties remain due to the Delta variant impacting the labor recovery.

ADP Research Institute will release the findings of the ADP National Employment Report, ADP Small Business Report, and ADP National Franchise Report on September 1, 2021, at 8:15 a.m. ET. These reports are derived from extensive payroll data covering 460,000 U.S. clients and nearly 26 million workers, collaborating with Moody's Analytics. The ADP Small Business Report focuses on businesses with 49 or fewer employees, while the ADP National Franchise Report measures changes in franchise employment from 15,000 franchisors.

ADP Canada and Maru Public Opinion conducted a survey revealing that 60% of Canadian employees have been informed about their employers' return-to-work strategies. Over half (53%) are back in the office, while 29% expect to return by the end of 2021. The survey indicates a shift towards flexible work arrangements, with 40% expected to work five days a week, and many others on a part-time or flexible schedule. This change underscores a growing acceptance of remote work as part of business operations.

ADP has been recognized as a Leading Inclusion Index Company in the 2021 Seramount Inclusion Index, affirming its efforts to create an inclusive workplace. This recognition follows ADP's inclusion in the 2021 Global Inclusion Index. The evaluation assessed 193 organizations on best practices in recruitment, retention, and advancement of underrepresented groups. ADP's initiatives include support for diverse talent and training programs aimed at bias disruption. The company ranked eighth on DiversityInc's 2021 Top 50 Companies for Diversity, showcasing its commitment to diversity, equity, and inclusion.

The board of directors of Automatic Data Processing has announced a quarterly dividend of 93 cents per share. This dividend will be payable on October 1, 2021, to shareholders recorded as of September 10, 2021. The declaration underlines ADP's commitment to returning value to its shareholders through regular dividends, enhancing investor confidence and market stability.

In July 2021, the ADP National Employment Report indicated a significant increase in private sector employment by 330,000 jobs, demonstrating continued progress in the labor market recovery. Small businesses added 91,000 jobs, medium businesses 132,000, and large businesses 106,000. The service-providing sector saw the majority of growth with 318,000 jobs added, particularly in leisure and hospitality, which remained the fastest-growing industry. However, hiring bottlenecks and new COVID-19 variants continue to pose challenges to stronger gains.