ADP Company Overview

What is the Stock Ticker for ADP?

The stock ticker for ADP is ADP.

Where is the ADP headquarters?

The headquarters of ADP is located in Roseland, New Jersey, United States.

What Does ADP Do?

ADP is a global provider of human resources management software and services. They offer solutions for payroll, benefits administration, time and attendance tracking, and talent management. Their technology helps businesses streamline their HR processes and improve employee engagement.

How Does ADP Make Money?

ADP (Automatic Data Processing) is a company that provides human resources management software and services to businesses of all sizes. ADP makes money through a variety of revenue streams, including:

1. Payroll processing: ADP offers payroll processing services to businesses, which involves calculating and distributing employee paychecks and managing tax withholdings. ADP charges a fee for this service, typically based on the number of employees and the complexity of the payroll.

2. HR management software: ADP offers a suite of software tools for managing HR functions such as employee onboarding, benefits administration, and performance management. Businesses pay a subscription fee to use these tools, which can vary based on the size of the company and the specific features they need.

3. Benefits administration: ADP also offers services for managing employee benefits, such as health insurance and retirement plans. ADP charges a fee for these services, which can be based on the number of employees and the complexity of the benefits program.

4. Time and attendance tracking: ADP offers software tools for tracking employee time and attendance, which can help businesses manage scheduling and payroll more efficiently. ADP charges a fee for these services, typically based on the number of employees and the specific features they need.

5. Compliance and regulatory services: ADP helps businesses stay compliant with various labor laws and regulations, such as the Affordable Care Act and the Family and Medical Leave Act. ADP charges a fee for these services, which can vary based on the specific needs of the business.

Overall, ADP makes money by providing a range of HR management services and software tools to businesses, charging fees based on the specific needs of each client.

Who Founded ADP?

ADP was founded by Henry Taub in 1949.

What is the History of ADP?

ADP, or Automatic Data Processing, was founded in 1949 by Henry Taub in Paterson, New Jersey. Originally, the company provided payroll processing services to businesses. In the 1950s, ADP expanded its services to include time and attendance tracking, and in the 1960s, it began offering computerized payroll processing.

Throughout the 1970s and 1980s, ADP continued to grow and expand its services, including adding benefits administration and human resources management. In the 1990s, the company began offering electronic payment services and expanded globally.

In the early 2000s, ADP acquired several companies to further expand its services, including GSI, a provider of talent management solutions, and ProBusiness, a provider of payroll and HR services. In 2017, ADP acquired WorkMarket, a platform for managing freelance and contract workers.

Today, ADP is a leading provider of human capital management solutions, offering services such as payroll processing, benefits administration, time and attendance tracking, and talent management to businesses of all sizes. The company has over 58,000 employees and serves more than 810,000 clients in over 140 countries.

What Industry is ADP In?

ADP is in the payroll and human resources services industry.

What Are ADP's Competitive Advantages?

1. Strong brand recognition: ADP is a well-known and respected brand in the payroll and HR industry, which gives it a competitive advantage over lesser-known competitors.

2. Comprehensive suite of services: ADP offers a wide range of payroll, HR, and benefits administration services, which allows it to meet the diverse needs of its clients.

3. Advanced technology: ADP invests heavily in technology, which enables it to offer innovative solutions that improve efficiency and accuracy.

4. Global reach: ADP has a presence in over 140 countries, which gives it a competitive advantage in serving multinational clients.

5. Strong customer service: ADP has a reputation for providing excellent customer service, which helps it retain clients and attract new ones.

6. Experienced workforce: ADP has a highly skilled and experienced workforce, which allows it to provide high-quality services to its clients.

7. Regulatory compliance expertise: ADP has a deep understanding of complex payroll and HR regulations, which helps it ensure compliance for its clients.

What Are ADP's Competitive Threats?

Some competitive threats to ADP include:

1. Competition from other payroll and HR service providers such as Paychex, Gusto, and Zenefits.
2. The emergence of new technologies and software that could disrupt the traditional payroll and HR industry.
3. The potential for large companies to bring their payroll and HR functions in-house, reducing the need for outsourcing.
4. Economic downturns or recessions that could lead to decreased demand for payroll and HR services.
5. Increasing regulatory requirements and compliance costs that could impact ADP's profitability.

Who Are Some of the Competitors of ADP?

Some of the competitors of ADP include Paychex, Workday, Oracle, SAP, and Ultimate Software.

What Are Some of ADP's Products and Services?

Some notable products and services from ADP include payroll processing, human resources management, time and attendance tracking, benefits administration, talent management, and compliance solutions. They also offer solutions for small businesses, mid-sized businesses, and enterprise-level organizations.

Has ADP Acquired any Companies?

Yes, ADP has made several notable acquisitions over the years. Some of the most significant ones include The Marcus Buckingham Company, WorkMarket, Global Cash Card, and Celergo.