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 Research Institute will release the June findings of the ADP National Employment Report, ADP Small Business Report, and ADP National Franchise Report on June 30, 2021, at 8:15 a.m. ET. The ADP Small Business Report focuses on private sector employment data for businesses with 49 or fewer employees. The reports utilize payroll data from 460,000 U.S. clients, encompassing nearly 26 million workers. A media conference call, featuring ADP Chief Economist Nela Richardson, will follow at 8:30 a.m. ET.
ADP (Nasdaq: ADP) will release its financial results for the fourth fiscal quarter ending June 30, 2021, on July 28, 2021, before the Nasdaq opens. A conference call will be held at 8:30 a.m. ET on the same day, featuring CEO Carlos Rodriguez, CFO Kathleen Winters, and VP of Investor Relations Danyal Hussain. Results will be posted on the Investor Relations section of ADP's website, with a news alert indicating their availability. Interested parties can participate via live webcast and view the accompanying slide presentation.
The ADP National Employment Report for May 2021 indicates a significant increase in private sector employment, with 978,000 jobs added from April to May. This marks the strongest growth since the early recovery phase of the pandemic. Job growth was observed across all company sizes: small businesses added 333,000 jobs, medium businesses 338,000, and large businesses 308,000. The service-providing sector contributed the majority of new jobs, totaling 850,000. The report also revised April's job addition figure from 742,000 to 654,000.
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.
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