Automatic Data Processing - ADP STOCK NEWS

ADP has been recognized as a Leader in the Recruitment Process Outsourcing (RPO) category by Everest Group in its North America PEAK Matrix® 2021 Assessment. This accolade highlights ADP's commitment to integrating advanced technology with expertise to help clients navigate recruitment effectively. The evaluation criteria included Market Impact and Vision and Capability. ADP's ongoing investments in technology and advisory services have positioned it favorably within the RPO landscape, providing comprehensive talent acquisition solutions to businesses of all sizes.

ADP announced a significant update to its RUN Powered by ADP payroll platform, designed to assist small businesses in managing payroll more easily as they recover from the pandemic. The updated platform features a user-friendly interface, intelligent search capabilities, and a personalized dashboard. Enhancements include smart technology that flags potential payroll errors and provides state and local tax alerts. ADP aims to support small businesses with tools like automated payroll processing and easy job posting through ZipRecruiter integration.

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.