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In 2007, the ADP Brokerage Service Group was spun off to form Broadridge Financial Solutions, Inc., removing about US$2 billion from ADP's total yearly revenue. [11] ADP distributed one share of Broadridge common stock for every four shares of ADP common stock held by shareholders of record as of the close of business on March 23, 2007.
Electronic time clock. A time clock, sometimes known as a clock card machine, punch clock, or time recorder, is a device that records start and end times for hourly employees (or those on flexi-time) at a place of business. In mechanical time clocks, this was accomplished by inserting a heavy paper card, called a time card
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Digital clocks typically use the 50 or 60 hertz oscillation of AC power or a 32,768 hertz crystal oscillator as in a quartz clock to keep time. Most digital clocks display the hour of the day in 24-hour format; in the United States and a few other countries, a commonly used hour sequence option is 12-hour format (with some indication of AM or PM).
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The Network Time Protocol (NTP) is a networking protocol for clock synchronization between computer systems over packet-switched, variable-latency data networks. In operation since before 1985, NTP is one of the oldest Internet protocols in current use.