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 reports news on its global HR and payroll solutions business, including cloud-based human capital management products, payroll, talent, time management, tax, benefits, compliance and human resources outsourcing services. ADP serves small businesses through global enterprises and operates through Employer Services and Professional Employer Organization services.
Recurring ADP news includes quarterly earnings releases, fiscal outlook updates, senior note offerings and other capital actions, investor conference participation and labor-market publications. The ADP National Employment Report and NER Pulse use anonymized payroll data to report U.S. private-sector employment and pay trends.
Summary not available.
The ADP Research Institute® released its Workforce Vitality Report, indicating a 4.4% increase in overall U.S. wage growth for December 2021, with job holders experiencing 5.9% growth and job switchers at 8.0%. Notably, Generation Z job holders saw a significant 13.1% wage gain. Employment growth also rose by 5.0% year-over-year, driven mainly by the leisure and hospitality sector, despite its previous pandemic-related losses. The report highlighted strong gains in professional business services and IT sectors, reflecting a robust recovery in the labor market.
ADP Research Institute will publish its January reports on January 2, 2022, at 8:15 a.m. ET. The reports include the ADP National Employment Report, the ADP Small Business Report, and the ADP National Franchise Report.
The reports utilize payroll data from 460,000 clients and nearly 26 million workers, providing insights into private sector employment trends. A conference call with Chief Economist Nela Richardson will follow the report release at 8:30 a.m. ET to discuss the data.
ADP (Nasdaq: ADP) announced its second quarter fiscal 2022 financial results on January 26, 2022, alongside a revised outlook for the fiscal year. The company intends to provide detailed financial metrics and segment revenue information on its investor relations website and will hold a conference call for analysts the same day at 8:30 a.m. ET. Key financial metrics and earnings information from fiscal years 2020, 2021, and 2022 are also available for review.
ADP has announced the launch of multi-country payroll functionality integrated into ADP Workforce Now, enabling U.S. and Canadian businesses to manage payroll in over 50 countries seamlessly. This new feature addresses challenges of disconnected systems by providing native integration, enhancing data integrity and payroll efficiency while simplifying end-to-end payroll management. ADP emphasizes that as organizations expand globally, its technology will help ensure accurate and timely payroll for workers worldwide.
Summary not available.
Automatic Data Processing (Nasdaq: ADP) has announced a quarterly dividend of $1.04 per share, payable on April 1, 2022 to shareholders recorded on March 11, 2022. This dividend reflects ADP's commitment to delivering shareholder value and signals confidence in its ongoing business performance.
Summary not available.
ADP is enhancing its benefit carrier relationships through advanced API integrations, aiming to streamline HR and finance processes. This upgrade facilitates real-time connectivity, significantly reducing manual data entry errors and processing times. The integration allows employers to expedite benefits enrollment, improving employee experience. Partner companies like Prudential and Aflac highlight the benefits of these integrations in enhancing service delivery. ADP underscores its commitment to technology that simplifies benefits administration and meets the digital demands of the modern workforce.
Private sector employment rose by 807,000 jobs from November to December, as reported by the ADP National Employment Report. This report is produced by the ADP Research Institute in collaboration with Moody's Analytics and utilizes ADP payroll data from 460,000 clients, covering nearly 26 million workers. The report highlights that small businesses added 204,000 jobs, medium businesses contributed 214,000 jobs, and large businesses accounted for 389,000 jobs. Despite job gains exceeding 6 million in 2021, payrolls remain nearly 4 million jobs short of pre-COVID-19 levels.