Automatic Data Processing - ADP STOCK NEWS

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.

In November 2020, private sector employment rose by 307,000 jobs, according to the ADP National Employment Report. This monthly report, produced by the ADP Research Institute in collaboration with Moody's Analytics, analyzes changes in nonfarm private employment. The growth was primarily driven by medium-sized businesses (139,000 jobs) and small businesses (110,000 jobs), while large businesses contributed 58,000 jobs. The report indicates a positive job growth trend across all sectors, although the pace of growth continues to slow.

The ADP Research Institute will publish the November findings of the ADP National Employment Report, ADP Small Business Report, and ADP National Franchise Report on December 2, 2020, at 8:15 a.m. ET. These reports utilize payroll data from 460,000 clients and nearly 26 million workers, offering insights into U.S. employment trends. After the reports, a conference call will be held at 8:30 a.m. ET, featuring Moody's Chief Economist Mark Zandi. The reports aim to serve as valuable economic indicators and are available to the public at no cost.

ADP highlights key trends reshaping the workforce in 2021, emphasizing a stronger focus on employee safety, resilience, diversity, flexibility, and compliance. A survey shows 39% of employers are concerned about worker health fears, while calls for guidance on wellness issues surged by 40%. Flexibility in work arrangements has increased significantly, with 44% of employers now offering formal policies. Additionally, 78% of employers estimate it will take over six months to return to pre-COVID-19 revenue levels. These findings indicate the need for businesses to adapt swiftly to new workplace realities.