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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.
The June ADP National Employment Report reveals an increase of 150,000 private sector jobs and a 4.9% rise in annual pay. This report, created by ADP Research Institute in collaboration with Stanford Digital Economy Lab, uses anonymized payroll data from over 25 million U.S. employees to provide a detailed and real-time view of the labor market. Job gains were notable in leisure and hospitality, which contributed 63,000 jobs. However, the growth wasn't broad-based, with sectors like manufacturing and natural resources experiencing declines. Pay gains for job-stayers and job-changers slowed to 4.9% and 7.7% respectively, the slowest since August 2021. Regional analysis showed the South leading with 80,000 new jobs. The report also highlighted job creation by establishment size, with medium-sized establishments adding 88,000 jobs. The May job addition was revised upwards to 157,000.
ADP (Nasdaq: ADP), a leader in Human Capital Management (HCM) solutions, will announce its fourth-quarter fiscal 2024 financial results on July 31, 2024. The results will cover the fiscal period ending June 30, 2024. The announcement will be made before the Nasdaq market opens. A conference call is scheduled for 8:30 a.m. ET on the same day, featuring Maria Black, President & CEO, Don McGuire, CFO, and Matthew Keating, VP of Investor Relations.
ADP will no longer publish its financial results via news wire services. Instead, the results will be available in the Investor Relations section of ADP's website. An alert will be issued to notify the availability of the earnings materials. The conference call and slide presentation will also be available via live webcast and for replay on ADP's website.
ADP marked its 75th anniversary by ringing the NASDAQ Opening Bell on June 10, 2024. Since its inception in 1949, ADP has grown from serving a single client to over one million worldwide, focusing on workforce innovation. The company has pioneered various HCM solutions, including payroll outsourcing, cloud services, and mobile apps. Recently, ADP launched AI-powered ADP Assist, enhancing HR productivity and decision-making. According to an ADP Research Institute study, global workers have varying views on AI's future role in work. More insights will be available in the forthcoming 'Today at Work, Issue 6' on June 17, 2024.
According to the ADP National Employment Report for May 2024, private sector employment increased by 152,000 jobs, with annual pay rising by 5.0% year-over-year. However, job and pay growth are slowing. Manufacturing faced a steep decline, losing 20,000 jobs, while leisure and hospitality also saw weaker hiring. In contrast, the trade/transportation/utilities sector added 55,000 jobs, and construction gained 32,000 jobs. Regionally, the South added the most jobs (101,000), while the West lost 10,000 jobs. Small establishments saw a decrease of 10,000 jobs, whereas large establishments added 98,000 jobs. Pay gains for job-changers slowed, up 7.8%, while job-stayers saw a 5.0% increase.
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.
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