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 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.
Automatic Data Processing (ADP) announces a $0.02 increase in its quarterly cash dividend, bringing the annual rate to $3.72 per share. This marks the 46th consecutive year of dividend increases, reflecting the board's confidence in the company's future amid economic uncertainties. The new dividend rate of $0.93 per share will be distributed on January 1, 2021, to shareholders of record on December 11, 2020. ADP continues to emphasize its commitment to shareholder-friendly actions.
ADP has been recognized as a Leader in the 2020 Multi-Country Payroll Solutions PEAK Matrix Assessment by Everest Group. This marks the seventh consecutive year ADP has achieved this ranking, highlighting its robust global service capabilities and innovative payroll practices. Key strengths include extensive geographic coverage, enhanced integration options, and advanced benchmarking capabilities. ADP's ongoing investment in technology further supports its future growth in providing comprehensive payroll solutions. The assessment underscores the growing demand for unified global payroll services amidst evolving compliance needs.
ADP, a global leader in human capital management, is enhancing its integration with ZipRecruiter to support businesses in talent acquisition. This partnership allows ADP Workforce Now users to access ZipRecruiter's features directly, streamlining recruitment processes. Key benefits include tools to find quality candidates faster, flexible job slots, and real-time application tracking. New intelligent features powered by ADP DataCloud, like Profile Relevancy and Compensation Benchmarks, further enhance recruitment efficiency, allowing businesses to adapt swiftly in a challenging economic landscape.
According to the October ADP National Employment Report, private sector employment saw an increase of 365,000 jobs from September to October 2020. This report, generated from actual payroll data of ADP's clients, shows employment gains across all business sizes and sectors. Small businesses added 114,000 jobs, medium businesses 135,000, and large businesses 116,000. Service-providing sectors led the growth with 348,000 jobs added, while goods-producing sectors contributed 17,000 jobs. The report highlights ongoing job recovery in a challenging economic environment.