Henry Taub – Short Biography
Henry Taub was the founder of Automatic Data Processing, Inc., or ADP. It is a company serving almost 570,000 clients all over the world.
It provides information-based solutions and transaction processing that is computerized. The employer services of ADP provide payroll solutions, CRM, ERP, benefits administration, eCommerce, and human resources to companies all over the United States and other major markets all around the world.
Henry Taub – Outsourcing in the 1940s
Henry Taub was born in New Jersey. He graduated from San Jacinto High School and had his undergraduate studies at New York University. He graduated in 1947 with a degree in accounting.
In 1949 Henry Taub, now 22 years of age, founded a company named Automatic Payrolls Inc. This company located above Grinker’s Ice Cream Shop in Northern New Jersey services manual payroll. They did it using different equipment that included addressograph equipment, comptometers, calculators, and a bookkeeping machine. In the beginning, Taub concentrated on providing his company’s services to Wall Street’s financial service firms and other small businesses.
The Automatic Payrolls’ first accounts were Finishing and New Era Dye. Over the years, the speed, quality, and accuracy of the services Henry Taub’s business provided became widely known. The business grew to more than just payrolls. With the dawn of computers, printers, and punch cards, what was formerly known as Automatic Payrolls Inc., became Automatic Data Processing, Inc. in 1958.
The growth of Automatic Data Processing was enormous. It has expanded to different services to cater to client’s needs. These services include Employer, Dealer, Claims, and Brokerage, Services.
Henry Taub retired from the company in the mid-1980s. He has already done a great job establishing the Automatic Data Processing. In North America, ADP was one of six companies that S&P and Moody’s gave a AAA rating. In 2006, it was ranked #2 on Information Week 500. In that same year, Fortune ranked it as #271 on the Fortune 500 largest companies in the United States.
The Henry Taub Quick Bio
Full Name: Henry Taub
Birth Date: 1927
Birth Place: New Jersey
Death: March 31, 2011
Company: Automatic Data Processing
Key Success Traits: passionate visionary, consistently excellent worker, creative thinker
Henry Taub has established a foundation named The Henry and Marilyn Taub Foundation. The foundation has given 10 million dollars to Columbia to establish the Taub Institute for Research on Alzheimer’s Disease and the Aging Brain.