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) delivers cloud-based human capital management solutions to businesses worldwide. This dedicated news hub provides investors and professionals with timely updates on corporate developments, regulatory compliance changes, and strategic initiatives shaping the HR technology sector.
Access curated press releases and analysis covering ADP's earnings announcements, product innovations, and strategic partnerships. Our repository simplifies tracking of operational milestones, leadership updates, and service expansions while maintaining strict compliance with financial disclosure standards.
Key coverage areas include workforce management technology advancements, PEO service updates, and regulatory adaptation strategies. Bookmark this page for streamlined access to verified information supporting informed analysis of ADP's market position and industry trends.
On Oct. 6, 2020, at the virtual HR Technology Conference, ADP's Next Gen Payroll Platform was recognized as a 'Top HR Product', marking the sixth consecutive year the company has received awards for its innovative human capital management (HCM) solutions. Designed on a public cloud, this platform offers real-time payroll capabilities, empowering employees with transparency and predictive insights while aiding HR practitioners in navigating regulatory changes. Clients are currently piloting the platform, reflecting ADP's commitment to addressing modern payroll challenges.
According to the ADP National Employment Report, private sector employment rose by 749,000 jobs from August to September 2020. The increase reflects a continued recovery in the labor market with small businesses contributing 192,000 jobs, medium businesses adding 259,000 jobs, and large businesses accounting for 297,000 jobs. The goods-producing sector saw an increase of 196,000 jobs, while the service-providing sector added 552,000 jobs. The report is produced by the ADP Research Institute in collaboration with Moody's Analytics.
On September 29, 2020, ADP was recognized as the 2020 Top Companies for Women Technologists Winner in the Large Technical Workforce category by AnitaB.org. This recognition is part of a benchmark program assessing more than 500,000 U.S. technologists from 51 companies. ADP achieved the highest score among the 11 large companies evaluated, emphasizing its commitment to diversity, equity, and inclusion in technology. ADP's efforts include strategic partnerships and accountability measures aimed at enhancing women's representation in tech roles.
ADP has been recognized as one of the 2020 100 Best Companies by Working Mother magazine for its commitment to inclusive benefits for working families. This marks the company's fourth inclusion on the list, which highlights firms supporting family-friendly policies amid changing workforce dynamics. ADP emphasizes flexibility, mentorship, and leadership development in its approach. Additionally, Kenyanna Scott Bell was named 2020 Working Mother of the Year, further showcasing ADP's dedication to supporting working parents. The firm also ranked in the top ten percent of the Diversity Best Practices Inclusion Index.
ADP (Nasdaq: ADP) is set to report its financial results for the first fiscal quarter ending September 30, 2020, on October 28, 2020, before the Nasdaq opens. A conference call will follow at 8:30 a.m. ET, featuring executives Carlos Rodriguez, Kathleen Winters, and Danyal Hussain. Important to note, ADP will no longer distribute results via news wire; instead, they will be made available on their Investor Relations website. Interested parties can access the live webcast of the call and accompanying slides online.
ADP has been recognized by Constellation Research in four categories on its Constellation ShortLists, which assist organizations in selecting technology solutions for digital transformation. ADP's notable categories include Compensation Management, Global HCM, Payroll for North American SMBs, and Workforce Management. Constellation Research commended ADP for its comprehensive solutions that address compliance challenges and enhance workforce management. Corporate vice president Don Weinstein expressed pride in the recognition and underscored ADP's commitment to evolving its offerings to meet business needs in a changing climate.
ADP Research Institute will release the ADP National Employment Report, ADP Small Business Report, and ADP National Franchise Report on September 30, 2020 at 8:15 a.m. ET. The reports provide crucial insights into employment trends, with the Small Business Report focusing on companies with 49 or fewer employees. The data is derived from ADP payroll data from 460,000 U.S. clients, covering nearly 26 million workers. Following the release, Moody's Analytics Chief Economist Mark Zandi will discuss the findings in a media conference call.
