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On June 3, 2021, at 8:15 a.m. ET, ADP Research Institute will release the ADP National Employment Report, ADP Small Business Report, and ADP National Franchise Report. These reports provide key employment data from a diverse pool representing nearly 26 million workers across the U.S. Notably, the conference call with Nela Richardson, ADP Chief Economist, will follow at 8:30 a.m. ET.

ADP, a global leader in Human Capital Management, announced a public offering of $1.0 billion in 1.70% senior notes due 2028. The company expects to finalize the offering around May 14, 2021. Proceeds will primarily fund share repurchases under ADP's existing program and support general corporate needs. The share repurchases are expected to occur within 6 to 12 months based on market conditions. CEO Carlos Rodriguez emphasized that this debt offering strengthens ADP's capital structure and aligns with its strong investment-grade credit rating.

In April 2021, the private sector added 742,000 jobs, according to the ADP National Employment Report. This increase marks the strongest growth since September 2020. Job gains were led by the service sector, which contributed 636,000 jobs, while the goods-producing sector added 106,000 jobs. Small businesses generated 235,000 jobs, medium businesses 230,000, and large businesses 277,000. The March job addition was revised from 517,000 to 565,000. Despite job growth, there are still over 8 million jobs less than pre-COVID levels.

ADP Research Institute's report, "People at Work 2021: A Global Workforce View,” surveyed over 32,000 workers across 17 countries to gauge worker sentiment post-pandemic. While 86% remain optimistic about the next five years, this is a decrease from 92% last year, particularly among Generation Z. Key findings include increased unpaid overtime (from 7.3 to 9.2 hours weekly), rising job role changes, and a significant interest in contract work. However, gender pay gaps persist, with only 50% of women receiving bonuses compared to 62% of men.

The ADP Research Institute's Workforce Vitality Report reveals a 2.0 percentage point decline in the U.S. job switching rate since March 2020, with average wages rising 5.9% to $30.84 per hour. Employment growth dipped by 7.0%, showing ongoing impact from the pandemic, particularly in leisure and hospitality sectors, which are the hardest hit. The report highlights significant wage growth among low-wage earners, with notable variations across industries and regions. As the labor market evolves post-pandemic, ADP's chief economist emphasizes the need to monitor job switching behaviors closely.

On April 28, 2021, ADP announced the upcoming release of the April findings from the ADP National Employment Report, ADP Small Business Report, and ADP National Franchise Report on May 5, 2021, at 8:15 a.m. ET. These reports provide crucial employment data from 460,000 clients and 26 million workers. The Small Business Report focuses on businesses with 49 or fewer employees, while the Franchise Report tracks employment changes across 15,000 franchisors and 1 million workers.

ADP announced its third quarter fiscal 2021 financial results on April 28, 2021, in a release available on its investor website. Details on quarterly and full-year segment revenues and earnings for fiscal years 2018 to 2020 were also posted. A conference call for financial analysts was held on the same day at 8:30 a.m. ET, with web access for live and replay options. The company continues to focus on enhancing its human capital management solutions, emphasizing its commitment to innovative products and services.

On April 22, 2021, ADP held the 28th annual Meeting of the Minds conference, recognizing five companies for excellence in workplace transformation and employee engagement: JAE Restaurant Group, Bank of the West, Camping World, CONAIR Corporation, and Parkdale Mills. These companies excelled in human capital management (HCM), showcasing innovation, resilience, and diversity. The event highlights ADP's commitment to fostering workplace culture and offers insights into HCM trends. Debbie Dyson, ADP's President of National Account Services, emphasized the critical role of HR in adapting to challenges and driving organizational change.

ADP has unveiled new features for its cloud-based platform, ADP Workforce Now, enhancing employee management. The updates focus on learning, scheduling, and recruitment, simplifying tasks for HR professionals. Key features include a new learning management system with over 50 courses, skills-based scheduling for qualified shift assignments, and an intuitive HR dashboard for job changes. Additionally, advanced recruitment tools offer compensation insights and intelligent candidate matching. These innovations highlight ADP’s commitment to meeting evolving client needs amidst a changing talent landscape.