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'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.
The board of directors of Automatic Data Processing, Inc. (ADP) has announced a quarterly dividend of 93 cents per share, payable on July 1, 2021. Shareholders on record by June 11, 2021 will be eligible to receive this dividend. This consistent dividend payment underscores ADP's commitment to delivering value to its shareholders. ADP continues to focus on enhancing its service offerings in HR, Payroll, and other areas, leveraging data-driven insights to improve customer experiences.
On April 6, 2021, ADP was recognized as a Leader in the NelsonHall Payroll Services NEAT 2021 Assessment for the seventh consecutive year. The firm excelled in Digital Payroll Capability, Multi-Country Capability, and Asia Pacific Presence. This recognition reflects ADP's strong performance in providing modern and customizable payroll services, underpinned by advanced technology including AI and cloud solutions. NelsonHall highlighted ADP's capability to support nearly 37 million employees globally, reinforcing its significant global footprint.
The March 2021 ADP National Employment Report reveals a significant increase in private sector employment, with 517,000 jobs added from February to March. Small businesses contributed 174,000 jobs, medium businesses added 188,000, and large businesses accounted for 155,000. The service sector saw the most growth, particularly in leisure and hospitality, which added 169,000 jobs. February's job additions were revised upward from 117,000 to 176,000. The report underscores a robust recovery in the labor market as the economy gradually reopens.
ADP has been awarded the 2021 Data Breakthrough Awards for its innovative workforce analytics solution, ADP DataCloud, recognized as the Data Analytics Innovation of the Year. This accolade highlights ADP DataCloud's capability to address key business challenges like employee retention and pay equity. The solution utilizes AI to analyze data from over 740,000 organizations, providing actionable insights to enhance decision-making. The award was announced during a competitive year with over 1,450 nominations globally.
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