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 has announced the expansion of its Next Gen Payroll Platform to Canada and Mexico, enhancing payroll experiences for businesses of all sizes. The platform, which is now operational with its first client in Mexico, enables greater transparency and predictive insights into payroll processes. Key features include a patented policy management system, global compliance capabilities, and continuous payroll calculation. ADP aims to address the complexities in payroll management and provide a scalable solution that supports organizational agility, aligning with current workforce demands.
The ADP Research Institute's Workforce Vitality Report indicates a 4.4% increase in average wages for U.S. workers, reaching $30.19 per hour. This growth is primarily driven by job losses among low-wage earners, as higher-income groups showed flat wage growth. Employment growth declined by -7.9%, with leisure and hospitality sector suffering the most at nearly -24%. Gender disparity persists, with women earning $8 less than men. Regional wage growth varied, with the Northeast experiencing the steepest decline in employment at -10.5%.
ADP Research Institute will release the January findings of the ADP National Employment Report, ADP Small Business Report, and ADP National Franchise Report on February 3, 2021 at 8:15 a.m. ET. These reports provide critical insights into private sector employment data, benefiting small businesses and franchises. The reports are based on payroll data from 460,000 U.S. clients and almost 26 million workers, produced in collaboration with Moody's Analytics. A media conference call will follow at 8:30 a.m. ET to discuss the data.
ADP, a leader in human capital management solutions, announced its second quarter fiscal 2021 results on January 27, 2021. The company will provide a revised fiscal 2021 outlook in its earnings release, accessible on its investor relations website. A conference call for financial analysts is scheduled for the same day at 8:30 a.m. ET, with a live webcast and slide presentation available online. Supplemental financial information from previous fiscal years will also be posted, aiding stakeholders in understanding ADP's performance.
The board of directors of Automatic Data Processing, Inc. (ADP) has declared a quarterly dividend of 93 cents per share, payable on April 1, 2021. Shareholders of record will need to hold shares by March 12, 2021 to receive the dividend. This announcement reflects ADP's commitment to returning value to its shareholders through consistent dividend payments. The company continues to focus on delivering innovative HR solutions and services, which supports its long-term growth strategy.
In December, private sector employment fell by 123,000 jobs, marking the first decline since April 2020, according to the ADP National Employment Report. Job losses were primarily seen in the leisure and hospitality sectors, with large businesses alone shedding 147,000 jobs. Small businesses saw a decrease of 13,000 jobs, while medium businesses gained 37,000 jobs. The report, which uses actual payroll data, signifies a concerning shift in the labor market as pandemic impacts deepen. The January 2021 report is set for release on February 3.
ADP Research Institute will publish its December employment findings on January 6, 2021, at 8:15 a.m. ET. This includes the ADP National Employment Report, ADP Small Business Report, and ADP National Franchise Report. The reports utilize payroll data from 460,000 U.S. clients, covering nearly 26 million workers. The release aims to provide insights into private sector employment, particularly for small businesses. Following the reports, a conference call led by Moody's Chief Economist Mark Zandi will offer context on the data.
ADP has unveiled enhancements to its ADP DataCloud, advancing its people analytics solution to tackle critical workforce challenges including economic policy shifts and employee retention. New features include the Pay Equity Storyboard, which enables users to analyze pay gaps across demographics, and Organizational Benchmarks that allow companies to compare their metrics against industry standards. Additionally, predictive analytics in the Turnover Storyboard assist organizations in identifying retention risks. The Canadian expansion introduces regional compensation benchmarks, refining ADP's data offerings further.
ADP, a global leader in Human Capital Management, will release its financial results for the second fiscal quarter ending December 31, 2020 before the market opens on January 27, 2021. A conference call with CEO Carlos Rodriguez, CFO Kathleen Winters, and VP of Investor Relations Danyal Hussain is scheduled for 8:30 a.m. ET on the same day to discuss the results. ADP will no longer publish results via news wire; they will be available on its Investor Relations website.
ADP has been recognized by NelsonHall as a Leader in the Efficiency Focused NEAT chart for Cloud-Based HR Transformation Services. This accolade highlights ADP's strong performance in meeting client needs through automation and data-driven solutions. NelsonHall's analysis showed ADP’s capabilities in improving processes, reducing costs, and enhancing decision-making. Additionally, its global reach, HR advisory support, and innovative offerings like the Next Gen HCM solution were noted. ADP’s commitment to provide expert guidance and support to clients was emphasized in light of the changing work landscape.
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