ADP, a leading provider of human capital management (HCM) services, announced that it has been named to Forbes magazine’s 2012 list of the World’s Most Innovative Companies, a ranking of the top 100 companies that investors expect to be innovative today and in the future. This is the second straight year that ADP has been honored, moving up 19 spots to number 68 on this year’s list.
The rankings, which appear on Forbes.com and in the September 5 issue of Forbes magazine, are determined by the publication’s Innovation Premium, a formula based on a company’s income, anticipated growth and cash flow valuations, among other factors. The data for this year’s analysis was taken from HOLT ValueSearch, a corporate performance and valuation advisory service of Credit Suisse.
ADP has been present in the Philippines since 2010 and currently has a workforce close to 900 associates who provide implementation, payroll services, tax services, technical service, time and labor management, IT support and benefits administration for ADP Clients in the United States. Being a captive organization, ADP Philippines ensures that all key core and common practices of its parent company are integrated in its service delivery and operations. Inspiring innovation is one of the company’s corporate values and its associates in both the U.S. and the Philippines continue to search for new and better ways to serve the clients and grow the business.