HR ANALYTICS, EMPLOYEE EXPERIENCE
Topia | February 27, 2023
Topia, a global talent mobility and distributed workforce platform, recently announced that it has been awarded a new patent for its unsupervised machine learning models, which can identify seasonality and predict seasonally-influenced metric values. This patent is a testament to Topia's commitment to innovation and to incorporating machine learning models into its products and solutions in future releases, wherever it would benefit its clients.
The patent focuses on the use of seasonality-related data. Seasonality is a phenomenon in which the values of a particular metric tend to follow a repeating pattern over time. Machine learning models identify this pattern and forecast the metric's values based on the season. This technique is applied in various ways, including predicting demand, forecasting prices, or anticipating user or customer behavior.
One potential application of this technology within Topia's solutions is predicting flight rates to assist customers in managing the flow of people movement in their businesses or optimizing travel expenses. This new patent expands Topia's current portfolio and demonstrates the company's dedication to delivering entirely automated end-to-end Global Talent Mobility.
Shawn Farshchi, CEO at Topia, said, "Our new patent shows that we continue to be at the forefront of technological innovation in the global mobility, travel compliance and distributed workspace." He further added, "With the rise of AI in almost all facets of business life, this patent provides us with the ability to substantially expand Topia's platform with machine learning algorithms across our microservices, and further enhance our workflow automation."
(Source – CISION PR Newswire)
Topia is a global talent mobility solutions provider. The firm enables companies to deploy, manage, and engage employees anywhere in the world. Topia’s platform empowers organizations to incorporate mobility into their comprehensive talent strategy, covering various types of employee movement, such as remote and distributed workforces, business travel, and traditional relocations and assignments. This approach enhances employee experiences and provides a competitive advantage by ensuring that the right personnel are in the right locations at the right time while remaining compliant regardless of their location. The platform optimizes and streamlines the entire global talent mobility process, including expat payroll, scenario-based planning, reporting, tax and immigration compliance, and other such functions. Renowned brands like Schneider Electric, Dell, Veolia, Equinor, and AXA trust Topia to power their global talent mobility programs.
COMPENSATION MANAGEMENT, PAYROLL
Salary.com | March 20, 2023
The US workforce is demanding pay equity. A new Salary.com survey reveals that 67 percent of organizations face continuously increasing pressure to address pay equity, with current employees and job candidates serving as the top sources of pressure to get pay right. In this climate of concern and increased oversight, Salary.com is delivering advanced capabilities to its award-winning CompAnalyst® Pay Equity Suite. Since its launch, the product has helped more than 550 organizations address pay equity. Developed on the foundation set by the Plunkett Pay Equity Framework, Salary.com's Pay Equity Suite is the only complete, end-to-end solution for modern pay equity that delivers a continuous focus on identifying, remediating, and preventing pay equity issues.
CompAnalyst Pay Equity Suite
"Organizational change can feel challenging but the benefits of pay equity are profound," said Kent Plunkett, CEO of Salary.com and co-author of The Plunkett Pay Equity Framework, a six-step methodology for attaining pay equity. "Soon-to-be published pay equity research from the Josh Bersin Company tracked accelerated business outcomes, including improved talent attraction and employee engagement, and a 1.6 increased likelihood to exceed financial targets. Now is the time to act."
CompAnalyst Pay Equity Suite automates the process of modeling both internal equity and benchmarking external competitiveness for all jobs within an organization. It is critical to have a complete 360-degree view of where internal gaps may exist and where salaries may fall short of the competition. Customers can also receive the added assist of the industry's most experienced compensation consulting team and access to legal counsel, including an initial free pay equity analysis from The Pay Equity Law Group, to establish a confidential system of record for their analysis.
Internally Equitable/Externally Competitive
CompAnalyst Pay Equity Suite identifies pay differences that are large enough to be statistically significant and cannot be explained by other factors. The process includes:
Grouping comparable jobs to create an internally aligned job structure.
Pay gap assessment that focuses not only on gender and race but all dimensions and variables that can influence pay.
Multivariate regressions to identify where pay disparities exist.
Cohort analyses to determine if there are legitimate factors that explain pay differences and whether pay adjustments are needed.
Upon completion of the analyses, organizations can model various remediation adjustments and rerun the multivariate regression analyses to measure their potential impact.
Benchmarking External Competitiveness
With CompAnalyst Pay Equity Suite, organizations can determine the external value of their jobs based on the current compensation market levels for comparable jobs in the market by accessing CompAnalyst Market Data, the industry's largest and most reliable HR-reported source of up-to-date compensation market data or leveraging other compensation surveys data sources.
Creating a Sustainable Pay Equity Practice
The CompAnalyst Pay Equity Suite allows organizations to develop an effective communications plan relating to their pay equity review with consistent messaging and tools designed to manage employee and stakeholder expectations. The solution also enables continuous updating of pay equity analysis. Organizations can easily run an analysis whenever a major compensation decision is made throughout the year. With the integration to CompAnalyst and Job Architect, companies can update their job content, structures and other key areas whenever new employees are hired, performance reviews are administered, or a termination or other key events occur that impact overall compensation.
HR ANALYTICS, WORKFORCE MANAGEMENT
MMC | March 17, 2023
MMC, Inc., a Human Resources Outsourcing company (HRO), today announced it has replaced its on-premise legacy communications systems with RingCentral, Inc. (NYSE: RNG), a leading provider of global enterprise cloud communications, video meetings, collaboration, and contact center solutions, to drive an improved client experience, streamline employee workflows, and deliver IT cost savings. After migrating 3,000 of its employees to RingCentral MVP® (Message Video Phone™), MMC realized substantial savings on its business communications costs.
Known for its expertise in HR outsourcing, payroll, benefits administration, and other business processes, MMC was looking for a cloud solution that could provide greater mobility for its employees and would allow them to more efficiently connect and communicate with clients. By implementing RingCentral MVP, they have enabled employees to increase productivity and efficiency through the use of a cloud-based business phone service, video conferencing, digital fax, and SMS–on any device from virtually any location. As a result, MMC has streamlined employee workflows, increased accessibility to clients, and empowered remote workers.
“What sets us apart from the larger competitors is our white glove service delivery. We care about our customers’ experience and go that extra mile to ensure the highest service delivery possible. This means being accessible to clients when they have questions, concerns, or require assistance,” said Raul Terrazas, manager of information technology at MMC. “With RingCentral, we are now able to seamlessly communicate with clients from virtually anywhere using our office phone, mobile, or PC. Given how many employee workflows we’ve been able to improve across our company, how much visibility we’ve gained into our client communications, and how much money we’ve saved — not to mention how effortless the implementation itself was — my only regret is not migrating MMC to RingCentral sooner.”
In the company’s next unified communications transformation phase, MMC’s IT team plans to roll out RingCentral MVP to their sales and support teams and optimize those operations with the RingCentral for Salesforce integration. This integration will enable them to consolidate platforms for the company’s agents, reduce the number of vendor relationships for Terrazas’ team to manage, and streamline agent workflows for added speed and efficiency.
“We are thrilled to work with MMC on their cloud transformation—leveraging the strengths of our unified communications platform,” said Carson Hostetter, chief revenue officer at RingCentral. “By shifting to RingCentral, MMC is driving greater operational efficiencies and improvements in both customer and employee experiences.”
California-based Human Resources Outsourcing company MMC was established over 40 years ago for the purpose of providing HR Outsourcing & Consulting solutions to improve business performance. By outsourcing HR, you will be cutting costs, lowering risk, and better positioning your company for success. As the top HR Outsourcing service provider for over 8,500 employees nationwide, MMC has learned that there is no cookie-cutter approach when it comes to resolving workplace concerns. MMC takes a special interest in assuring each client’s success while providing a hands-on approach to exponential growth with your company.
RingCentral, Inc. (NYSE: RNG) is a leading provider of business cloud communications and contact center solutions based on its powerful Message Video Phone™ (MVP®) global platform. More flexible and cost-effective than legacy on-premises PBX and video conferencing systems, RingCentral® empowers modern mobile and distributed workforces to communicate, collaborate, and connect via any mode, device, and device location. RingCentral offers three essential products in its portfolio, including RingCentral MVP®, a Unified Communications as a Service (UCaaS) platform including team messaging, video meetings, and cloud phone system; RingCentral Video®, the company's video meetings solution with team messaging that enables Smart Video Meetings™; and RingCentral Contact Center™ solutions. RingCentral's open platform integrates with leading third-party business applications and allows customers to customize business workflows easily. RingCentral is headquartered in Belmont, California, and has offices worldwide.