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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.
The August ADP® National Employment Report™ reveals that private sector employment increased by 99,000 jobs in August 2024, while annual pay rose 4.8% year-over-year. This marks the fifth consecutive month of slowing job creation among private employers, indicating a cooling labor market. Key highlights include:
- Goods-producing sectors added 27,000 jobs
- Service-providing sectors added 72,000 jobs
- The South region led with 55,000 new jobs
- Medium establishments (50-499 employees) contributed the most with 68,000 jobs
- Pay gains remained stable at 4.8% for job-stayers and 7.3% for job-changers
The report, based on actual payroll data from over 25 million U.S. employees, provides a high-frequency, near real-time measure of U.S. employment and pay insights.
ADP (Nasdaq: ADP), a leading global technology company providing human capital management solutions, has announced the pricing of a public offering of $1.0 billion aggregate principal amount of 4.450% senior notes due 2034. The company expects to receive the net offering proceeds on or around September 9, 2024. ADP intends to use the proceeds for general corporate purposes.
The company has filed a registration statement with the SEC for this offering. Interested investors are advised to read the base prospectus, applicable preliminary prospectus supplement, and other relevant documents filed with the SEC for comprehensive information about ADP and the offering. These documents are available for free on the SEC website or can be obtained upon request from the underwriters.
ADP, a global leader in human capital management (HCM) technology, has announced its participation in Citi's Global TMT Conference. The presentation is scheduled for Thursday, September 5 at 10:50 a.m. ET. This event provides an opportunity for investors and analysts to gain insights into ADP's strategies and performance.
Interested parties can access the live webcast of the presentation through ADP's investor relations website at investors.adp.com. For those unable to attend the live event, an archived replay will also be made available on the same platform. This presentation at a major industry conference underscores ADP's commitment to transparency and engagement with the investment community.
Automatic Data Processing, Inc. (Nasdaq: ADP) has announced a regular quarterly dividend of $1.40 per share. The dividend will be payable on October 1, 2024 to shareholders of record as of September 13, 2024. This declaration was made by ADP's board of directors, demonstrating the company's commitment to returning value to its shareholders. The consistent dividend payout suggests financial stability and confidence in the company's future performance.
The July 2024 ADP National Employment Report shows private sector employment increased by 122,000 jobs, with annual pay up 4.8% year-over-year. Key highlights include:
- Goods-producing sectors added 37,000 jobs, while service-providing sectors added 85,000 jobs
- The South region led job growth with 55,000 new positions
- Medium-sized establishments (50-499 employees) saw the largest increase, adding 70,000 jobs
- Pay gains for job-stayers slowed to 4.8%, the lowest in three years
- Job-changers experienced a significant drop in pay gains, decreasing to 7.2% from 7.7%
Nela Richardson, ADP's chief economist, noted that the labor market is aligning with the Federal Reserve's efforts to slow inflation, as evidenced by abating wage growth.
ADP (Nasdaq: ADP), a leading global technology company providing human capital management (HCM) solutions, has released its fourth quarter and fiscal 2024 financial results, along with its fiscal 2025 outlook. The detailed earnings report is available on the company's website at investors.adp.com/events-and-presentations and will be filed with the SEC on Form 8-K.
ADP will host a conference call for financial analysts on July 31, 2024, at 8:30 a.m. ET. The call will be webcast live on ADP's website and will be available for replay afterward. A slide presentation accompanying the webcast is also accessible on the company's investor relations page.
The June ADP National Employment Report reveals an increase of 150,000 private sector jobs and a 4.9% rise in annual pay. This report, created by ADP Research Institute in collaboration with Stanford Digital Economy Lab, uses anonymized payroll data from over 25 million U.S. employees to provide a detailed and real-time view of the labor market. Job gains were notable in leisure and hospitality, which contributed 63,000 jobs. However, the growth wasn't broad-based, with sectors like manufacturing and natural resources experiencing declines. Pay gains for job-stayers and job-changers slowed to 4.9% and 7.7% respectively, the slowest since August 2021. Regional analysis showed the South leading with 80,000 new jobs. The report also highlighted job creation by establishment size, with medium-sized establishments adding 88,000 jobs. The May job addition was revised upwards to 157,000.
ADP (Nasdaq: ADP), a leader in Human Capital Management (HCM) solutions, will announce its fourth-quarter fiscal 2024 financial results on July 31, 2024. The results will cover the fiscal period ending June 30, 2024. The announcement will be made before the Nasdaq market opens. A conference call is scheduled for 8:30 a.m. ET on the same day, featuring Maria Black, President & CEO, Don McGuire, CFO, and Matthew Keating, VP of Investor Relations.
ADP will no longer publish its financial results via news wire services. Instead, the results will be available in the Investor Relations section of ADP's website. An alert will be issued to notify the availability of the earnings materials. The conference call and slide presentation will also be available via live webcast and for replay on ADP's website.
ADP marked its 75th anniversary by ringing the NASDAQ Opening Bell on June 10, 2024. Since its inception in 1949, ADP has grown from serving a single client to over one million worldwide, focusing on workforce innovation. The company has pioneered various HCM solutions, including payroll outsourcing, cloud services, and mobile apps. Recently, ADP launched AI-powered ADP Assist, enhancing HR productivity and decision-making. According to an ADP Research Institute study, global workers have varying views on AI's future role in work. More insights will be available in the forthcoming 'Today at Work, Issue 6' on June 17, 2024.
According to the ADP National Employment Report for May 2024, private sector employment increased by 152,000 jobs, with annual pay rising by 5.0% year-over-year. However, job and pay growth are slowing. Manufacturing faced a steep decline, losing 20,000 jobs, while leisure and hospitality also saw weaker hiring. In contrast, the trade/transportation/utilities sector added 55,000 jobs, and construction gained 32,000 jobs. Regionally, the South added the most jobs (101,000), while the West lost 10,000 jobs. Small establishments saw a decrease of 10,000 jobs, whereas large establishments added 98,000 jobs. Pay gains for job-changers slowed, up 7.8%, while job-stayers saw a 5.0% increase.
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