Stephan Scholl’s Post

Anniversary is the perfect time to look back at the path we traveled and look forward to the distant horizon that’s unfolding. Thanks Terry Corallo for bringing back the precious memories of ADP’s 50th year celebration. I found ADP’s 1999 Annual Report which celebrated ADP’s 50th anniversary. It’s intriguing to compare that with ADP’s recent Annual Report to understand the transformations that ADP has been through in the past 25 years. Hint, it’s not just about the fashion of business attire in the Roseland office. 1. From Conglomerate to Focus (on HCM) From early on, ADP has diverse business units, loosely coupled in a big corporation. In 1999, there were four business units, Employee Services, Brokerage Services, Dealer Services and Claim Services. Between 2006 and 2007, ADP sold Claim Services and spinned off the other two into two new public companies, Broadridge and CDK Global. As the MBA play book predicted, all three companies thrived and growed fast after the splits. ADP today inherited the core business of Employer Services and expanded it from a payroll centric business into a full spectrum Human Capital Management business. Still diversified, but much more synergy within the company. 2. From Service to Technology In 1999, ADP was listed on NYSE. In 2008, ADP moved to Nasdaq. This is not just a symbolic move. Foundamentally, ADP was transformed from a utility/service company to a product/technology company. The motivation of this big transformation was the rise of the #internet. It was rightfully identified as the biggest opportunity for ADP in 1999 Annual Report. The internet completely changed the relationship between ADP and our clients. Clients can easily use internet to conduct all the HCM activities in a self-service manner. ADP grasped the the opportunity and successfully turned our services into Software As A Service (#SaaS) products. 3. From North America centric to Global ADP was already a global company in 1999. But majority of its business was still in North America. The global revenue was not significant. In the past 25 years, global expansion from organic growth and acquisition excelerated. Growing globally is a critical strategic that not only offer great opportunities for ADP but also profoundly changed ADP’s corporate culture. What’s not changed is that ADP always believes “Outstanding associates are the key to our success.” “Fortunately, we attract and retain extremely motivated, talented associates who really care about our clients and our company. “ That’s why ADP can sustain 75 years of double digit growth for every quarter. A good example is the aquisition of The Vincam Group mentioned in 1999 Annual Report. It not just brought in a promising fast growth business but also brought in a management genius who would lead ADP to complete all those transformations and rejuvenate the innovations in ADP. His name is Carlos A. Rodriguez.

Kainos has posted results covering a 14th consecutive year of growth. The business, which operates three core divisions, including Digital Services, Workday Services, and Workday Products, reported statutory pre-tax profit of £64.8m in the year to 31 March 2024, up 19 per cent on the previous 12 months, on revenue which rose by 2 per cent to £382.4m. https://lnkd.in/emex2teR #financialresults #business #growth

Workday announces FY24 Q4 and full year results 🚀 ☀ Fiscal Fourth Quarter Total Revenues of $1.9 Billion, Up 17% Year Over Year ☀ Subscription Revenues of $1.8 Billion, Up 18% Year Over Year ☀ Fiscal Year 2024 Total Revenues of $7.3 Billion, Up 17% Year Over Year ☀ Subscription Revenues of $6.6 Billion, Up 19% Year Over Year ☀ Operating Cash Flows of $2.1 Billion, Up 30% Year Over Year

Paycor's Q1 Earnings Results: Revenue In Line With Expectations But Quarterly Guidance Underwhelms Summary: Paycor (NASDAQ: PYCR), a leading provider of cloud-based human capital management software, recently released its Q1 earnings report. While the company's revenue for the quarter was in line with expectations, their quarterly guidance fell short of investor anticipation. Despite this setback, there are still valuable investment opportunities to explore within the healthcare sector. 📈🔍💼 #HSA #Investing Embrace the Potential: Even though Paycor's quarterly guidance may have underwhelmed investors, it is crucial to keep our eyes on the bigger picture. The healthcare industry continues to be a lucrative market, with immense potential for growth and innovation. As such, investing in healthcare-focused stocks, especially those related to Health Savings Accounts (HSAs), presents a unique opportunity for individuals to grow their wealth while contributing to their overall well-being. 💰🚀👥 #Healthcare #Health #Family Make the Most of HSAs: HSAs are investment vehicles that allow individuals to set aside tax-free funds for medical expenses. By strategically investing these funds, we can not only take control of our healthcare costs but also benefit from potential market gains. As a veteran investment advisor, I have consistently outperformed industry leaders like Ray Dalio by helping investors maximize their HSA investments. ✨💡🏦 #Wellness Take Action Now: To avoid the Fear of Missing Out (FOMO) and unlock the potential of your HSA, it is essential to act swiftly. Contact me today to discuss investment strategies tailored to your financial goals and discover how your HSA can grow exponentially. 🌟📞⏳ #Investing #Family #Wellness Let's secure your future and embrace the power of HSA investing!

Did you know that in the past year, nearly a quarter of CEOs had to cancel or delay a key strategic initiative because the right people weren’t available❓ Low unemployment, retiring baby boomers and a lack of skilled workers are causing challenges for many organizations. In this article, CBIZ's Gregg Landers, MBA, CMA, CPIM, CVA, Managing Director of Outsourced Accounting Solutions, shares insights about how outsourced accounting can help business leaders. #OutsourcedAccounting #WorkforceTrends

Did you know that in the past year, nearly a quarter of CEOs had to cancel or delay a key strategic initiative because the right people weren’t available❓ Low unemployment, retiring baby boomers and a lack of skilled workers are causing challenges for many organizations. In this article, CBIZ's Gregg Landers, MBA, CMA, CPIM, CVA, Managing Director of Outsourced Accounting Solutions, shares insights about how outsourced accounting can help business leaders. #OutsourcedAccounting #WorkforceTrends

Did you know that in the past year, nearly a quarter of CEOs had to cancel or delay a key strategic initiative because the right people weren’t available❓ Low unemployment, retiring baby boomers and a lack of skilled workers are causing challenges for many organizations. In this article, CBIZ's Gregg Landers, MBA, CMA, CPIM, CVA, Managing Director of Outsourced Accounting Solutions, shares insights about how outsourced accounting can help business leaders. #OutsourcedAccounting #WorkforceTrends

Did you know that in the past year, nearly a quarter of CEOs had to cancel or delay a key strategic initiative because the right people weren’t available❓ Low unemployment, retiring baby boomers and a lack of skilled workers are causing challenges for many organizations. In this article, CBIZ's Gregg Landers, MBA, CMA, CPIM, CVA, Managing Director of Outsourced Accounting Solutions, shares insights about how outsourced accounting can help business leaders. #OutsourcedAccounting #WorkforceTrends

Did you know that in the past year, nearly a quarter of CEOs had to cancel or delay a key strategic initiative because the right people weren’t available❓ Low unemployment, retiring baby boomers and a lack of skilled workers are causing challenges for many organizations. In this article, CBIZ's Gregg Landers, MBA, CMA, CPIM, CVA, Managing Director of Outsourced Accounting Solutions, shares insights about how outsourced accounting can help business leaders. #OutsourcedAccounting #WorkforceTrends

Which PEOs Are Best for Midwest Companies with 140 Employees? Answers: https://lnkd.in/dHkyrM-d #PEORecommendations #PayrollSolutions #MidwestBusinesses Hey there! 😊 It sounds like you're navigating some tricky waters with your PEO situation. I can totally understand why you're considering switching—it's essential to find the right PEO, especially when you have a team of 140 employees spread across six states in the Midwest. Here are a few things to think about: Personalization Matters: Larger PEOs like ADP can sometimes feel a bit impersonal. You might find that they don't cater to your specific needs as you’d hoped. A more boutique PEO could offer tailored services that align better with your business goals. Communication Breakdown: Sometimes the bigger the company, the more complicated it is to get answers you need. If you’re feeling a lack of responsiveness or support, that’s a red flag! A smaller PEO might provide more attentive service and quicker reaction times. Cost vs. Value: Big PEOs can often come with hefty price tags. If you’re paying more without seeing the corresponding value, it might be time to reconsider. Smaller, specialized PEOs cou...