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The ADP Research Institute's 'People at Work 2024: A Global Workforce View' examines the evolving expectations of 35,000 workers across 18 countries. Key findings indicate that global inflation has reset worker pay expectations, with significant gaps between anticipated and actual pay increases, particularly in Latin America. The report highlights demographic shifts with a multigenerational workforce and the varied priorities across age groups. It also underscores the critical relationship between AI and skill development, noting that confidence in future skills is higher among those expecting AI to assist them. Additionally, stress levels are declining but remain a concern, particularly in North America.
Employers are advised to communicate transparently, invest in skill development, and manage changing worker expectations. With a focus on adapting to technological advances and demographic changes, companies can better navigate the post-pandemic labor market.
ADP (Nasdaq: ADP), a leading global technology company specializing in human capital management (HCM) solutions, has announced its participation in several upcoming investor conferences. The management team will present at the Barclays Emerging Payments & Fintech Forum on May 15, 2024, the J.P. Morgan Global Technology, Media and Communications Conference on May 22, 2024, and the Baird Global Consumer, Technology & Services Conference on June 4, 2024. Webcast and replay details can be accessed via ADP's investor relations website.
The ADP National Employment Report showed that private sector employment increased by 192,000 jobs in April, with annual pay up by 5.0%. The report, based on actual payroll data of over 25 million U.S. employees, provides a high-frequency view of the labor market. Hiring was broad-based, except for the information sector, which showed weakness. Pay growth continues to slow, with job-stayers experiencing little change while job-changers saw a decrease in pay gains.
ADP, a global technology company specializing in human capital management solutions, released its third quarter fiscal 2024 financial results and revised outlook. The company will host a conference call for financial analysts and provide a webcast for investors. Details are available on ADP's website and SEC filings.
