its funny how ADP stock closed at a record high today with all the doom and gloom about losing experienced talent. ADP isn't going anywhere, and the CEO has increased shareholder value by over 350% in 8 years. Most employees own shares of ADP stock and so do those who were laid off or have since retired. Why would some people wish for the end of ADP when people are relying on it for dividend checks and price increase to one day cash in on?
Agreed, @104DcSOj-nyda.
I worked for ADP for more years than I care to admit. Overworked? I am surprised at the comments. ADP always overworked employees, at least in my experience. The only difference is now they have cut the support (experienced workers). I do not wish ill on ADP, or it's employees, but the previous comments are correct. Clients are left with less knowledgeable employees, so costs may be saved in employee and pension compensation, but this may cost in client retention. Also, the bottom line looks good right now, so the stock price is up, but will it remain there once the stimulus wears off?
I guess if that's all you care to look at, things are sure awesome. Then again so was The Titanic and Chernobyl. Inflated egos brought both of those two wonders of the world to a screeching halt because of man's desire to push faster and harder.
@10sPE8Zt-hvt-“lower paid employees at fewer locations” translates to overworked employees who are willing to do more work for less pay. It’s a great financial move for ADP. They get vibrant, eager workers in lower economic locations who will welcome the lower pay as a gold mine. Makes sense to me.
I think that anyone in their right mind knows that everyone is replaceable and that an organization can get along fine without them, no matter how gifted and talented they are. I haven't seen anyone on this site claim that ADP will go down in flames just because they are no longer in the company. That is just plain loco and everyone realizes that.
I also don't see much anger here, just sadness and a willingness to share their layoff experience. Enduring a layoff is certainly not pleasant. It is indeed a heart wrenching and extremely stressful experience.
Thus, inserting anger and an aura of indispensability into the rationale of the posters here is certainly not accurate. It is the loss of thousands of experienced and competent employees that are causing ADP a lot of grief now. Poor decisions were made by ADP's top management team. They can hide behind Ackerman, but it was they who ultimately decided to navigate ADP onto a dangerous course. Carlos and his team run ADP, not Ackerman.
It is certainly fine to be upset, and that won't change anything. But everyone knows that. They are just reporting on their experiences. Some people here don't want those experiences reported, and are massaging the conversation toward anger and ego, where each laid off person supposedly feels that the company will go under without him or her, in an attempt to discredit their posts. But as previously pointed out, that is inaccurate. Just read all the posts on this site for confirmation.
My ego would would want to tell you that ADP will not survive as well without me. I would like to think so, but the last poster is correct. It is sad that so many experienced employees are gone. Some were retired. Some were simply removed.
Having worked at ADP for a long time, I do understand the anger. We were integral for a number of years but now age and higher wages that come with longer service are being targeted. It is difficult to be on the outside and I think that the people that are harping are angry by changes encouraged by Mr. Ackerman and then carried out by Carlos and the current board.
Time will tell if these were good decisions, or bad. Selfishly, most of us would like to think we mattered. It is OK to be upset, but it will not change what has already taken place.
Interesting to see the desperation of some posters here who just have to believe that ADP will survive. It has to! It has to!
Why make a big deal about it? Maybe it will and maybe it won't. As "Hello Hello" stated in the first reply, tenured and pensioned employees are being eliminated in favor of lower paid employees at fewer locations. That is the "grand strategy", to save some money in labor costs. This "strategy" is causing serious problems at ADP.
No anger and no malice towards ADP. Just looking at things realistically. The more people harp that ADP will survive no matter what the facts, the more desperate and shrill their message becomes.
Be sure to check back here with all that optimism after you're laid off. I can't wait to read it.
No one is wishing bad on ADP. The facts about what company's strategic direction is being clearly stated again and again: tenured, pension-ed employees are being removed and replaced by lower paid people at fewer locations. I was with the company a long time and I know a TON of people who have been thrown out. It's a big company and it's hard to see the full effect of it. But it's happening little by little, one day (or layoff) at a time!