Home > Resources > Articles > 4 Powerful Examples of HR Data Analytics in Action

4 Powerful Examples of HR Data Analytics in Action

Shefali Vasave | April 25, 2022 | 1726 views

star news

Data Analytics Applications That Are Positively Impacting HR

Data analytics has some critical and timely applications in people management. According to SageHR, global data and business analytics revenues have grown by about 36% in just four years. The importance of HR analytics can be felt today more than ever in everything from attracting and onboarding talent to boosting employee morale.

Diversity, Equity, and Inclusion

It is possible to leverage HR data management to improve the diversity quotient of an organization. For example, companies can expand their candidate search with big data and present a clear picture of pay structures to uncover bias and create more diversity.

Training and Development

Skill gaps are a significant aspect of core HR responsibilities. Human resources analytics aims to dive deep into the organizational skill structure and draw insights that can help HR shape better learning and development initiatives.

“Now AI, blockchain, robotic process automation, and machine learning provide opportunities to leverage technology to improve efficiencies for organizations and the HR experience for individuals.”

- Scot Marcotte, Chief Technology Officer at Buck
 
In addition to these crucial areas of HR management, data analytics in HR is driving growth and transformation across the human resources landscape. Let’s look at some of the ways industry leaders are using it to impact key HR metrics.


Tackling Employee Turnover at HP

With over 300,000 employees, Hewlett-Packard (HP) could not afford to dismiss HR data analytics as part of its efforts to retain employees. A turnover rate of 20% wasn’t unheard of in the organization’s sales division. HP naturally aimed to increase the average amount of time people stayed.

Employees who leave an organization are leaving with their knowledge base, network, and even customers at times. For a company like HP, this means a loss of millions of dollars. With data scientists at the helm, the HR data analytics team took up the task of identifying employees who might be at risk of leaving. The exercise revealed several intricacies that would allow managers to build better retention strategies. For instance, if a promotion didn’t come with a significant raise, promoted employees were at a high risk of leaving. Siege reported that HP saved an impressive $300 million with data analytics in HR.


People Analytics at Every Step at Google

Google is the youngest firm in a league of industry leaders who attribute its success to having decades of history and reputation. Google owes much of its success to people analytics and data analytics in HR. The firm’s people analytics team reports directly to the VP.

With predictive analytics, Google identifies hiring problems like salespeople leaving the company if they haven’t gotten a promotion within four years. In pursuit of better retention, Google has also developed an algorithm to predict which employees will be difficult to retain. In addition, the search giant uses analytics to analyze rejected resumes, so no top-notch candidates fall through the crack. The company has used data analytics to compare the value of top performers versus average ones to enable HR leaders to make a business case for better resources to hire, retain, and develop talent.


Boosting Hiring Decisions with Facebook

“The great thing about data is that it gives you a comprehensive view of the organization. It’s just not possible to get this 360-degree look on our own for most organizations.”

- Alex Fink, VP of People Analytics and Workforce Strategy at Facebook

Social media has long been used by companies to supplement screening and background checks. But can a platform like Facebook be used to predict personalities and work performance? A study by Kluemper, Rosen & Mossholder thinks so. The hiring rate provided by participants based on Facebook profiles in this study predicted a manager-rated job performance of 8%. Although a standard personality test delivers a higher predictive value than this, studies have shown that multiple predictors like IQ tests, interviews, and personality quizzes contribute to the most accurate predictive models for future work performance. Adding a Facebook personality test might just be the edge needed to predict job performance.


Increasing Employee Retention at Nielsen

Organizations using HR data management and analytics have seen a major breakthrough in employee retention. Data analytics firm Nielsen was among the first to do that. One of its financial impact studies found that a percentage point decrease in employee attrition leads to a whopping $5 million drop in business costs. Guided by these statistics, Nielsen’s data analytics team succeeded in identifying 120 key employees at risk of leaving. By running multiple programs to arrest the retention rate, Nielsen was able to reduce employee attrition by two percentage points and save $10 million.


Conclusion: How Can Human Resources Analytics Continue to Be a Game Changer

The importance of HR analytics is undisputed. These examples clearly demonstrate the business case for using data analytics applications in HR and using them to predict performance, identify patterns, and eventually develop HR management strategies. It helps to identify negative patterns and course-correct work strategies to maximize resources.

From optimizing day-to-day HR operations to attracting top-notch talent to delivering a positive employee experience, HR data analytics is helping build agile HR processes.

Frequently Asked Questions


What are the areas of data analytics in HR?

HR data analytics include descriptive, predictive, diagnostic, and prescriptive analytics.

Who is responsible for HR data management and analytics?

As data grows in importance, the role of HR expands to include data analytics skills as an integral part of them. HR analysts typically use data to draw actionable insights.


What metrics are used to analyze HR data?

Key metrics like absenteeism rates, overtime expenses, training expenses per employee, productivity, and employee happiness are the most significant data points in HR.

Spotlight

Kelly Services

Kelly Services offers a comprehensive array of workforce solutions. With our Kelly 360° talent solution, comprising recruitment, consultancy, and outsourcing, we are dedicated to making it easy for our client to build a motivated workforce – while measurably enhancing its company brand. Kelly Services, Inc. (NASDAQ: KELYA, KELYB) is a leader in providing workforce solutions. Kelly offers a comprehensive array of outsourcing and consulting services as well as world-class staffing on a temporary, temporary-to-hire and direct-hire basis. Serving clients around the globe. Kelly provided employment to approximately 540,000 employees in 2013. Revenue in 2013 was US$5.4 billion.

OTHER ARTICLES
HR ANALYTICS

Listen and act: how to get employee experience management right

Article | June 21, 2022

As the science behind employee engagement evolves, it’s become clear just how much businesses can gain from a happy and involved workforce. From improved performance, to reduced attrition, increased revenue and even a better customer experience, employee engagement is at the heart of business growth. Given these benefits, it’s no surprise that the role of HR departments is moving beyond just managing people and towards managing experiences.

Read More
HR ANALYTICS

5 Things HR Can Do To Improve Employee Output

Article | December 27, 2021

Employees are companies most valuable asset – Without the talent, knowledge and expertise those employed bring to an organisation, it’s safe to say that the business world would be a very different landscape. Human Resources is often held responsible for owning the employee value strategy, where we’re now embracing tremendous improvements in how the value that employees bring, can be achieved. Here we’ll explore how data analysis, learning & development, employee engagement, 360 feedback and flexibility all offer a significant opportunity to improve employee output within every organisation in 2020.

Read More
HR ANALYTICS

6 Reasons To Invest In Employee Onboarding In Your Organization

Article | November 22, 2021

You never get a second chance to make a first impression. This holds particularly true when it comes to employee onboarding. It's a new hire's introduction to the organization and the experience has a significant impact on employee retention. Unfortunately, that's why it's rare to see many employees with years of tenure. Research by Future Workplace found that 91% of Millennials expect to stay in a job for less than 3 years. Companies lose 25% of all new employees within the first year, according to SHRM, but almost 70% of employees are more likely to stay with a company for 3 years if they experienced great onboarding.

Read More

Great training is key to creating a positive employee experience

Article | February 10, 2020

You’d love to have employees working for you who are the type that always want to learn new things and grow, right? Right. Engaged employees spend more of their time working to improve their performance through training and development. They are the type of workers every company wants, and they expect their employers to create a positive experience for them by matching their ambition with effective training. For firms and HR professionals trying to create a positive employee experience, it’s essential that your team of in-house trainers is ready to lead the way.

Read More
HR ANALYTICS

How HR Analytics Streamlines the Performance Appraisal Process

Article | June 21, 2022

As the science behind employee engagement evolves, it’s become clear just how much businesses can gain from a happy and involved workforce. From improved performance, to reduced attrition, increased revenue and even a better customer experience, employee engagement is at the heart of business growth. Given these benefits, it’s no surprise that the role of HR departments is moving beyond just managing people and towards managing experiences.

Read More
HR ANALYTICS

Employer Not Required to Provide Reason for Termination

Article | December 27, 2021

Employees are companies most valuable asset – Without the talent, knowledge and expertise those employed bring to an organisation, it’s safe to say that the business world would be a very different landscape. Human Resources is often held responsible for owning the employee value strategy, where we’re now embracing tremendous improvements in how the value that employees bring, can be achieved. Here we’ll explore how data analysis, learning & development, employee engagement, 360 feedback and flexibility all offer a significant opportunity to improve employee output within every organisation in 2020.

Read More
HR ANALYTICS

How to Integrate AI into HR: A Short Guide

Article | November 22, 2021

You never get a second chance to make a first impression. This holds particularly true when it comes to employee onboarding. It's a new hire's introduction to the organization and the experience has a significant impact on employee retention. Unfortunately, that's why it's rare to see many employees with years of tenure. Research by Future Workplace found that 91% of Millennials expect to stay in a job for less than 3 years. Companies lose 25% of all new employees within the first year, according to SHRM, but almost 70% of employees are more likely to stay with a company for 3 years if they experienced great onboarding.

Read More

Great training is key to creating a positive employee experience

Article | February 10, 2020

You’d love to have employees working for you who are the type that always want to learn new things and grow, right? Right. Engaged employees spend more of their time working to improve their performance through training and development. They are the type of workers every company wants, and they expect their employers to create a positive experience for them by matching their ambition with effective training. For firms and HR professionals trying to create a positive employee experience, it’s essential that your team of in-house trainers is ready to lead the way.

Read More
MORE ARTICLES

Spotlight

Kelly Services

Kelly Services offers a comprehensive array of workforce solutions. With our Kelly 360° talent solution, comprising recruitment, consultancy, and outsourcing, we are dedicated to making it easy for our client to build a motivated workforce – while measurably enhancing its company brand. Kelly Services, Inc. (NASDAQ: KELYA, KELYB) is a leader in providing workforce solutions. Kelly offers a comprehensive array of outsourcing and consulting services as well as world-class staffing on a temporary, temporary-to-hire and direct-hire basis. Serving clients around the globe. Kelly provided employment to approximately 540,000 employees in 2013. Revenue in 2013 was US$5.4 billion.

Related News

HR ANALYTICS, WORKFORCE MANAGEMENT

HiBob Clinches Four HR Tech Awards from Lighthouse Research, Including Best Global Solution for Core HR

PRnewswire | May 30, 2023

HiBob, a leading provider of HR technology solutions and the company behind HCM 'Bob', is proud to announce that it has been honored with four prestigious HR Tech Awards by Lighthouse Research & Advisory, in acknowledgement of its exceptional contributions to the industry. HiBob's innovative HR platform has been recognized as the Best Global Solution for Core HR, along with accolades for Best Midsize Business-Focused Solution, Talent Analytics, and Best DEI-Enabling Solution. The HR Tech Awards, presented by Lighthouse Research & Advisory, highlight companies and solutions that demonstrate unparalleled excellence in human resources technology. HiBob's achievement as Best Global Solution for Core HR underscores its commitment to helping customers tackle the complexity associated with fast-paced international or multisite growth, as well as providing comprehensive, flexible, and scalable HR solutions on a global scale. HiBob also received the award for Best Midsize Business-Focused Solution for Core HR/Workforce offering tailored and user-friendly tools that enable midsize businesses to effectively manage their HR operations and drive strategic growth. Ben Eubanks, Chief Research Officer, Lighthouse Research & Advisory says: "When you think about midsize organizations, you probably think about flexibility. Some of these organizations are just growing beyond the threshold for small companies while others may have a few thousand staff. In that case, it's critical to have HR technology that can adapt and support a variety of needs and stakeholders. HiBob has built that solution, and it's working for thousands of midsize employers around the world.' Accreditation for Talent Analytics highlights HiBob's advanced people data capabilities, which enable organizations to identify trends, predict future needs, and optimize their workforce for maximum productivity. Lastly, HiBob's win in the Best DEI-Enabling Solution category pays homage to its commitment for fostering diversity, equity, and inclusion across all levels of the workforce. George Rogers, Chief Culture Officer, Lighthouse Research & Advisory comments: "A very unique and innovative UI creates a welcoming environment that inspires people to build great working relationships and stay connected to the company. With Hibob's DE&I dashboard, you can examine company trends in the areas of diversity, equality, and inclusion, spotting where your company excels and where improvements are necessary. Impressive work!' The HR Tech Awards serve as a testament to HiBob's ongoing commitment to innovation, client satisfaction, and the advancement of HR technology. "We are truly delighted to receive four esteemed HR Tech Awards from Lighthouse Research," said Ronni Zehavi, CEO of HiBob. "These accolades affirm our dedication to delivering innovative and impactful HR solutions that address the evolving needs of organizations worldwide. We are proud to support our clients in their digital transformation and the enhancement of their HR practices." About HiBob HiBob is on a mission to transform how organizations operate in the modern world of work with its HR platform 'Bob'. Leading the way for the future workplace, Bob offers resilient, agile technology that wraps all the complexities of HR processes into a game changing, user-friendly tool that touches every employee across the business. Today more than 3,000 global companies, including Cazoo, Extreme Reach, Fiverr, Happy Socks, Monzo, The&Partnership, and VaynerMedia, trust Bob to streamline their processes, make data-driven decisions, and create exceptional employee experiences. Organizations using Bob are able to accelerate hiring, retain the best talent, upskill and elevate employee engagement.

Read More

COMPENSATION MANAGEMENT, PAYROLL

Nium enhances global payroll payments solution, offers transparent Foreign Exchange (FX) rates for more predictable payroll

PRnewswire | June 01, 2023

Nium, the leader in real-time global payments, has enhanced its market-leading payroll payments solution to support the complex needs of payroll platforms worldwide. Nium's payroll solution simplifies global growth for a majority of payroll platforms, including Panther, a provider of global employment, payroll, benefits, and contractor software that can be integrated with an HR tech stack. In addition to expanded network and currency coverage in Canada, Africa, Middle East, Latin America, and Asia Pacific, new enhancements to this offering include: Foreign Exchange (FX) Transparency: Allows for end-to-end FX control, which includes transparent costs with a single clear FX markup and one low per-transaction fee to help manage costs at scale. With this, clients can schedule bulk conversion for ease and control, lock FX rates to manage FX fluctuation, and configure fees at the customer level for flexibility; Beneficiary Pre-screen and Confirmation of Payee: Minimizes potential returns with verified payee information and keeps the payment process quick and smooth; Scheduled Payouts: Enables clients to disburse payments to their workforce on a certain date. Provides predictability to their clients' employees on when to expect to receive their salary payouts; Direct Debit in the US, UK, and EU: Provides the ability for platform clients to pull funds from their customers' primary bank accounts into their Nium wallet to fund payroll payouts, this improves cash flows and reduces friction. The global payroll outsourcing market was pegged at $9.9 billion in 2021, according to U.S.-based Allied Market Research. Growing at a CAGR of 7.2% from 2022 to 2031, the market is expected to reach $19.5 billion – making it one of the largest and fastest growing opportunities in global payments. The need to hire at scale across borders is rapidly becoming a key competition for companies. But, adding remote workers adds significant cost and complexity to payroll operations, simplified by the growing number of third-party payroll platforms. Specifically, 80% of companies believe that transparent foreign exchange rates are important for payroll providers. By making Nium's fees transparent, its clients can have more control over their finances. "Global payroll is complex," says Robin Gandhi, CPO of Nium. "Every country has different regulations, including tax laws, employment laws and data privacy laws which make the compliance process tricky, and that's what payroll platforms do best. However, getting money to every employee or contractor on payday in their preferred account, on-time, and across multiple geographies is not easy. With our global payments network and payroll specific functionality, we make payroll seamless, so platforms don't have to worry about the technical and legal lift to send money across the world knowing that their employees will have access to funds when they need them." "We trust Nium to move funds reliably, quickly, and compliantly around the world and across different corridors," said Matt Redler, CEO and Co-founder of Panther. "We consider their payroll solution a trusted component of our engine. Specifically, their transparent FX capabilities allow us to price our FX revenue stream in a competitive way. We're excited about Nium's payroll enhancements and our continued partnership." Nium's payroll solution goes beyond the ordinary, offering a comprehensive suite of products to empower global payroll platforms and businesses to seamlessly onboard, transact and manage payroll for employees and contractors worldwide, including competitive FX, built-in compliance, real-time payments, security offerings, zero-deduction wire transfers, and multiple market coverage. However, the company understands that payroll is not merely a transactional process; it is mission critical money movement that holds the power to impact lives and it's important to have a partner businesses can trust. By leveraging Nium's global payment platform, platforms and businesses can put their trust in Nium while they focus on growing globally with improved operational efficiency and exceptional customer experience. About Nium Nium, the leader in real-time global payments, was founded on the mission to deliver the global payments infrastructure of tomorrow, today. With the onset of the on-demand economy, its payments infrastructure is shaping how banks, fintechs, and businesses everywhere collect, convert, and disburse funds instantly across borders. Its payout network supports 100 currencies and spans 190+ countries, 100 of which in real-time. Funds can be disbursed to accounts, wallets, and cards and collected locally in 35 markets. Nium's growing card issuance business is already available in 34 countries. Nium holds regulatory licenses and authorizations in more than 40 countries, enabling seamless onboarding, rapid integration, and compliance – independent of geography. The company is co-headquartered in San Francisco and Singapore, with regional offices in London, Amsterdam, Hong Kong, Mumbai, Bengaluru, and Chennai.

Read More

TALENT ACQUISITION, RECRUITMENT & RETENTION

GoToro: Revolutionizing the Hiring Process for HR Professionals

PRnewswire | June 02, 2023

GoToro, a leading provider of digital job advertising solutions, is proud to announce its official launch as a unified platform, combining the expertise of Fusion RL, Find a Trucker Job (FATj), Find A Nursing Job (FANj), and Talenize. With a decade of experience in the industry, GoToro has purpose-built proprietary technology to streamline and enhance the hiring process for HR and Talent Acquisition departments. In today's fast-paced and competitive job market, it is crucial for companies to ensure their job posts reach the right audience at the right time. With numerous job sites and boards available, organizations often face the challenge of effectively promoting their job openings while minimizing unnecessary spending on advertisements. GoToro recognizes these pain points and addresses them with its Leading Edge Optimization (L.E.O.) platform. L.E.O. is a cutting-edge solution that alleviates the stress and headaches associated with sourcing qualified candidates quickly and efficiently. By leveraging advanced algorithms and data-driven insights, L.E.O. optimizes job postings to reach the most relevant and qualified candidates across a vast network of job sites and online platforms. This ensures maximum visibility for job openings while minimizing overspending on ads that do not yield desired results. GoToro offers a comprehensive range of products and services tailored to meet the diverse needs of HR professionals. The platform enables recruiters and hiring managers to target specific candidate demographics, industries, and regions, allowing them to attract top talent for their organizations effectively. By providing detailed analytics and reporting, GoToro empowers HR teams to make data-driven decisions, monitor campaign performance, and refine their recruitment strategies. "We are thrilled to introduce GoToro to the market and combine the expertise of Fusion RL, FATj, FANj, and Talenize under one unified platform," said Bruno Stanziale, CEO of GoToro. "Our goal is to revolutionize the hiring process by leveraging our proprietary technology and deep industry knowledge. With GoToro, HR professionals can source qualified candidates faster, more efficiently, and with greater confidence." As part of the transition, the experienced members of Fusion RL, FATj, FANj, and Talenize have joined forces with the GoToro team. Their collective knowledge and understanding of the digital job advertising industry will be instrumental in enhancing the platform's capabilities and delivering exceptional service to clients. For HR professionals seeking a seamless and effective hiring process, GoToro offers the ideal solution. By leveraging innovative technology, unparalleled expertise, and a commitment to customer success, GoToro aims to become the go-to platform for talent acquisition and recruitment. About GoToro GoToro is a leading provider of digital job advertising solutions, revolutionizing the hiring process for HR professionals. With a decade of experience in the industry, GoToro has developed proprietary technology and a unified platform to streamline and optimize the recruitment process. By delivering targeted and data-driven job postings, GoToro helps organizations attract top talent efficiently and cost-effectively.

Read More

HR ANALYTICS, WORKFORCE MANAGEMENT

HiBob Clinches Four HR Tech Awards from Lighthouse Research, Including Best Global Solution for Core HR

PRnewswire | May 30, 2023

HiBob, a leading provider of HR technology solutions and the company behind HCM 'Bob', is proud to announce that it has been honored with four prestigious HR Tech Awards by Lighthouse Research & Advisory, in acknowledgement of its exceptional contributions to the industry. HiBob's innovative HR platform has been recognized as the Best Global Solution for Core HR, along with accolades for Best Midsize Business-Focused Solution, Talent Analytics, and Best DEI-Enabling Solution. The HR Tech Awards, presented by Lighthouse Research & Advisory, highlight companies and solutions that demonstrate unparalleled excellence in human resources technology. HiBob's achievement as Best Global Solution for Core HR underscores its commitment to helping customers tackle the complexity associated with fast-paced international or multisite growth, as well as providing comprehensive, flexible, and scalable HR solutions on a global scale. HiBob also received the award for Best Midsize Business-Focused Solution for Core HR/Workforce offering tailored and user-friendly tools that enable midsize businesses to effectively manage their HR operations and drive strategic growth. Ben Eubanks, Chief Research Officer, Lighthouse Research & Advisory says: "When you think about midsize organizations, you probably think about flexibility. Some of these organizations are just growing beyond the threshold for small companies while others may have a few thousand staff. In that case, it's critical to have HR technology that can adapt and support a variety of needs and stakeholders. HiBob has built that solution, and it's working for thousands of midsize employers around the world.' Accreditation for Talent Analytics highlights HiBob's advanced people data capabilities, which enable organizations to identify trends, predict future needs, and optimize their workforce for maximum productivity. Lastly, HiBob's win in the Best DEI-Enabling Solution category pays homage to its commitment for fostering diversity, equity, and inclusion across all levels of the workforce. George Rogers, Chief Culture Officer, Lighthouse Research & Advisory comments: "A very unique and innovative UI creates a welcoming environment that inspires people to build great working relationships and stay connected to the company. With Hibob's DE&I dashboard, you can examine company trends in the areas of diversity, equality, and inclusion, spotting where your company excels and where improvements are necessary. Impressive work!' The HR Tech Awards serve as a testament to HiBob's ongoing commitment to innovation, client satisfaction, and the advancement of HR technology. "We are truly delighted to receive four esteemed HR Tech Awards from Lighthouse Research," said Ronni Zehavi, CEO of HiBob. "These accolades affirm our dedication to delivering innovative and impactful HR solutions that address the evolving needs of organizations worldwide. We are proud to support our clients in their digital transformation and the enhancement of their HR practices." About HiBob HiBob is on a mission to transform how organizations operate in the modern world of work with its HR platform 'Bob'. Leading the way for the future workplace, Bob offers resilient, agile technology that wraps all the complexities of HR processes into a game changing, user-friendly tool that touches every employee across the business. Today more than 3,000 global companies, including Cazoo, Extreme Reach, Fiverr, Happy Socks, Monzo, The&Partnership, and VaynerMedia, trust Bob to streamline their processes, make data-driven decisions, and create exceptional employee experiences. Organizations using Bob are able to accelerate hiring, retain the best talent, upskill and elevate employee engagement.

Read More

COMPENSATION MANAGEMENT, PAYROLL

Nium enhances global payroll payments solution, offers transparent Foreign Exchange (FX) rates for more predictable payroll

PRnewswire | June 01, 2023

Nium, the leader in real-time global payments, has enhanced its market-leading payroll payments solution to support the complex needs of payroll platforms worldwide. Nium's payroll solution simplifies global growth for a majority of payroll platforms, including Panther, a provider of global employment, payroll, benefits, and contractor software that can be integrated with an HR tech stack. In addition to expanded network and currency coverage in Canada, Africa, Middle East, Latin America, and Asia Pacific, new enhancements to this offering include: Foreign Exchange (FX) Transparency: Allows for end-to-end FX control, which includes transparent costs with a single clear FX markup and one low per-transaction fee to help manage costs at scale. With this, clients can schedule bulk conversion for ease and control, lock FX rates to manage FX fluctuation, and configure fees at the customer level for flexibility; Beneficiary Pre-screen and Confirmation of Payee: Minimizes potential returns with verified payee information and keeps the payment process quick and smooth; Scheduled Payouts: Enables clients to disburse payments to their workforce on a certain date. Provides predictability to their clients' employees on when to expect to receive their salary payouts; Direct Debit in the US, UK, and EU: Provides the ability for platform clients to pull funds from their customers' primary bank accounts into their Nium wallet to fund payroll payouts, this improves cash flows and reduces friction. The global payroll outsourcing market was pegged at $9.9 billion in 2021, according to U.S.-based Allied Market Research. Growing at a CAGR of 7.2% from 2022 to 2031, the market is expected to reach $19.5 billion – making it one of the largest and fastest growing opportunities in global payments. The need to hire at scale across borders is rapidly becoming a key competition for companies. But, adding remote workers adds significant cost and complexity to payroll operations, simplified by the growing number of third-party payroll platforms. Specifically, 80% of companies believe that transparent foreign exchange rates are important for payroll providers. By making Nium's fees transparent, its clients can have more control over their finances. "Global payroll is complex," says Robin Gandhi, CPO of Nium. "Every country has different regulations, including tax laws, employment laws and data privacy laws which make the compliance process tricky, and that's what payroll platforms do best. However, getting money to every employee or contractor on payday in their preferred account, on-time, and across multiple geographies is not easy. With our global payments network and payroll specific functionality, we make payroll seamless, so platforms don't have to worry about the technical and legal lift to send money across the world knowing that their employees will have access to funds when they need them." "We trust Nium to move funds reliably, quickly, and compliantly around the world and across different corridors," said Matt Redler, CEO and Co-founder of Panther. "We consider their payroll solution a trusted component of our engine. Specifically, their transparent FX capabilities allow us to price our FX revenue stream in a competitive way. We're excited about Nium's payroll enhancements and our continued partnership." Nium's payroll solution goes beyond the ordinary, offering a comprehensive suite of products to empower global payroll platforms and businesses to seamlessly onboard, transact and manage payroll for employees and contractors worldwide, including competitive FX, built-in compliance, real-time payments, security offerings, zero-deduction wire transfers, and multiple market coverage. However, the company understands that payroll is not merely a transactional process; it is mission critical money movement that holds the power to impact lives and it's important to have a partner businesses can trust. By leveraging Nium's global payment platform, platforms and businesses can put their trust in Nium while they focus on growing globally with improved operational efficiency and exceptional customer experience. About Nium Nium, the leader in real-time global payments, was founded on the mission to deliver the global payments infrastructure of tomorrow, today. With the onset of the on-demand economy, its payments infrastructure is shaping how banks, fintechs, and businesses everywhere collect, convert, and disburse funds instantly across borders. Its payout network supports 100 currencies and spans 190+ countries, 100 of which in real-time. Funds can be disbursed to accounts, wallets, and cards and collected locally in 35 markets. Nium's growing card issuance business is already available in 34 countries. Nium holds regulatory licenses and authorizations in more than 40 countries, enabling seamless onboarding, rapid integration, and compliance – independent of geography. The company is co-headquartered in San Francisco and Singapore, with regional offices in London, Amsterdam, Hong Kong, Mumbai, Bengaluru, and Chennai.

Read More

TALENT ACQUISITION, RECRUITMENT & RETENTION

GoToro: Revolutionizing the Hiring Process for HR Professionals

PRnewswire | June 02, 2023

GoToro, a leading provider of digital job advertising solutions, is proud to announce its official launch as a unified platform, combining the expertise of Fusion RL, Find a Trucker Job (FATj), Find A Nursing Job (FANj), and Talenize. With a decade of experience in the industry, GoToro has purpose-built proprietary technology to streamline and enhance the hiring process for HR and Talent Acquisition departments. In today's fast-paced and competitive job market, it is crucial for companies to ensure their job posts reach the right audience at the right time. With numerous job sites and boards available, organizations often face the challenge of effectively promoting their job openings while minimizing unnecessary spending on advertisements. GoToro recognizes these pain points and addresses them with its Leading Edge Optimization (L.E.O.) platform. L.E.O. is a cutting-edge solution that alleviates the stress and headaches associated with sourcing qualified candidates quickly and efficiently. By leveraging advanced algorithms and data-driven insights, L.E.O. optimizes job postings to reach the most relevant and qualified candidates across a vast network of job sites and online platforms. This ensures maximum visibility for job openings while minimizing overspending on ads that do not yield desired results. GoToro offers a comprehensive range of products and services tailored to meet the diverse needs of HR professionals. The platform enables recruiters and hiring managers to target specific candidate demographics, industries, and regions, allowing them to attract top talent for their organizations effectively. By providing detailed analytics and reporting, GoToro empowers HR teams to make data-driven decisions, monitor campaign performance, and refine their recruitment strategies. "We are thrilled to introduce GoToro to the market and combine the expertise of Fusion RL, FATj, FANj, and Talenize under one unified platform," said Bruno Stanziale, CEO of GoToro. "Our goal is to revolutionize the hiring process by leveraging our proprietary technology and deep industry knowledge. With GoToro, HR professionals can source qualified candidates faster, more efficiently, and with greater confidence." As part of the transition, the experienced members of Fusion RL, FATj, FANj, and Talenize have joined forces with the GoToro team. Their collective knowledge and understanding of the digital job advertising industry will be instrumental in enhancing the platform's capabilities and delivering exceptional service to clients. For HR professionals seeking a seamless and effective hiring process, GoToro offers the ideal solution. By leveraging innovative technology, unparalleled expertise, and a commitment to customer success, GoToro aims to become the go-to platform for talent acquisition and recruitment. About GoToro GoToro is a leading provider of digital job advertising solutions, revolutionizing the hiring process for HR professionals. With a decade of experience in the industry, GoToro has developed proprietary technology and a unified platform to streamline and optimize the recruitment process. By delivering targeted and data-driven job postings, GoToro helps organizations attract top talent efficiently and cost-effectively.

Read More

Events