Automatic Data Processing

Provides payroll processing service for employers.

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Headquarters:
1 ADP Boulevard
Roseland, NJ 07068
Employees: 51,000
CEO: Carlos Rodriguez
Stock Symbol: ADP

Website: http://www.adp.com

Career Site

Automatic Data Processing is a leading provider of computerized payroll and benefits management services to employers.

ADP handles employer-related functions that require extensive processing, recordkeeping, technology and up-to-date best practices. Areas of expertise include: payroll, human resources, 401(k) retirement services, expense management, time & labor management, tax & compliance management, benefit administration, screening and selection services.

ADP pays 1-in-6 private sector workers in the U.S. and operates in 26 countries.

The company also provides services for brokerage and financial services firms, auto, truck and RV dealers as well as property and casualty industries. Services are also provided to clients online. ADP has over 570,000 clients worldwide.

In fiscal 2011, ADP reported revenues of $9.8 billion and net income of $1.25 billion.

In April, ADP announced it completed the acquisition of the human resource solutions subsidiary of SHPS, Inc., a highly respected provider of benefits administration services.

History

In 1949, the company began as Automatic Payrolls Inc. and founded by Henry Taub as a manual payroll processing service in Northern New Jersey. Taub was just 21 and an accountant with a degree from NYU. The company started with one client and finished its first year with $2,000 in revenues.

Companies would soon begin to outsource important functions to ADP from payroll to recordkeeping which led to steady growth. ADP would go public in 1961.

Benefits

Comprehensive Health Care
- Medical/Prescription Drug coverage
- Dental Coverage
- Vision Insurance

Flexible Spending Accounts
- Health Care-Plus Account
- Dependent Care Account

Survivor Benefits
- Basic Life Insurance/AD&D
- Voluntary Life
- Voluntary Dependent Life
- Voluntary AD&D
- Personal Accident Insurance
- Business Travel Accident Insurance

Disability Benefits
- Short-term Disability
- Long-term Disability

Financial Plans
- Pension Plan
- 401(k)
- ADP Stock Purchase Plan - 15% guaranteed discount
- ADP Stock Option Plan
- 529 Collegebound Fund

Paid Time Off
- Vacation, holidays, and personal days
- National holidays include New Years Day, Memorial Day, Independence Day, Labor Day, Thanksgiving Day, and Christmas Day. Other holidays may be observed according to local policy. You also are entitled to personal days bringing the total of holiday and personal days to 11.

Additional Benefits
- Tuition Reimbursement
- Work/Life Programs
- Long Term Care Insurance
- On-site child care in some locations
- Employee Referral Bonus
- Scholarship Program
- Matching Gift Program
- Voluntary Relocation Assistance Program
- Credit Union
- Direct Deposit
- National Discount Programs
- Auto and Home Insurance Programs

Updated May 6, 2012

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