6 Reasons To Invest In Employee Onboarding In Your Organization

February 10, 2020 | 316 views

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.

Spotlight

LARM Group

We are Latin American Relocation Management, or LARM. For over two decades, we have been the first choice for thousands of corporate and individual clients looking to relocate in or out of Latin America and the Caribbean with ease, efficiency and experience on their side.

OTHER ARTICLES
HR PRACTICE

Adopting a talent optimization strategy

Article | July 15, 2022

Business is a balancing act comprised of trade offs, often competing objectives, and strategic decision-making. As the war for talent rages and the demographics of the workforce continue to change, the candidate and employee experience have shifted from being just HR considerations to being business considerations. Therefore, today’s executives should consider aligning their talent strategies with business strategies as the means by which overall business objectives can be obtained.

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TALENT ACQUISITION, RECRUITMENT & RETENTION

Listen and act: how to get employee experience management right

Article | September 22, 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.

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TALENT MANAGEMENT

5 Things HR Can Do To Improve Employee Output

Article | July 20, 2022

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.

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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.

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Spotlight

LARM Group

We are Latin American Relocation Management, or LARM. For over two decades, we have been the first choice for thousands of corporate and individual clients looking to relocate in or out of Latin America and the Caribbean with ease, efficiency and experience on their side.

Related News

HR ANALYTICS, WORKFORCE MANAGEMENT

Eightfold AI Gets Faurecia, Global Automotive Industry Leader, Future-ready

PRnewswire | June 02, 2023

Eightfold AI, the leader in AI-powered talent intelligence, today announced their live implementation with Faurecia, a FORVIA Group company. Faurecia leverages Eightfold AI's Talent Acquisition and Talent Management offerings to further modernize its hiring programs leveraging the most advanced technology and employee experience. Additionally, Faurecia is leveraging Eightfold AI's Talent Intelligence Platform to source more candidates from their existing Applicant Tracking System (ATS). Through Eightfold AI's skills database, Faurecia projects measurable improvements to the effectiveness and efficiency of its entire talent operation. Moreover, Eightfold's bias-reduction capabilities are key to Faurecia's ongoing commitment to make diversity, equity, and inclusion (DE&I) a core component of its workforce. "We're a great company, and that means recruiting great talent, and enabling them to continue growing once they've joined our organization is our priority." said Jean-Pierre Sounillac, Faurecia Executive Vice President Group Human Resources. "Faurecia is up-leveling their talent operation by creating a consistent global experience and connecting its talent acquisition with the upskilling of their employees," said Ashutosh Garg, CEO and Co-founder at Eightfold AI. "Their strategy to become a skills-based organization will serve as the model for future-ready organizations going forward." Eightfold AI offers a single Talent Intelligence Platform that provides a consistent experience for recruiters, hiring managers, and employees. As a result, companies can consolidate the capabilities of their existing HR technology investments into one cohesive offering that can be leveraged globally, furthering a company's digital transformation. By analyzing anonymized data points, the Eightfold Talent Intelligence Platform improves hiring, engagement, retention, and DE&I processes. Enterprise customers have achieved results for talent acquisition including 35 percent faster time-to-fill across all positions, 50 percent greater recruiter efficiency, 60 percent higher qualified candidate volume, 88 percent increase in employee referrals, and 19 percent increase in hiring of female candidates, among other verified outcomes. About Eightfold AI Eightfold AI's market-leading Talent Intelligence Platform™ helps organizations retain top performers, upskill and reskill their workforce, recruit talent efficiently, and reach diversity goals. Eightfold's patented deep learning artificial intelligence platform is available in more than 155 countries and 24 languages, enabling cutting-edge enterprises to transform their talent into a competitive advantage. For more information, visit www.eightfold.ai. About Faurecia Faurecia, company of the Group FORVIA, is a global automotive technology leader. With 257 industrial sites, 39 R&D centers and 111,000 employees in 33 countries, Faurecia operates through four areas of business: Seating, Interiors, Clarion Electronics and Clean Mobility. In 2021, the Group reported total turnover of €15.6 billion. Faurecia is listed on the Euronext Paris market and is a component of the CAC Next 20 index. www.faurecia.com About FORVIA FORVIA, the world's seventh largest automotive technology player, comprises the complementary technology and industrial strengths of Faurecia and HELLA. With over 300 industrial sites and 66 R&D centers, 150,000 people, including more than 35,000 engineers across 40+ countries, FORVIA provides a unique and comprehensive approach to the automotive challenges of today and tomorrow. Composed of 6 business groups with 24 product lines, FORVIA is focused on becoming the preferred innovation and integration partner for OEMs worldwide. The Group provides solutions for a safe, sustainable, advanced and customized mobility, FORVIA aims to be a change maker committed to foreseeing and making the mobility transformation happen.

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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.

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HR ANALYTICS, EMPLOYEE EXPERIENCE

G&A Partners brings comprehensive HR solutions to Ohio market

Businesswire | May 31, 2023

G&A Partners, a leading professional employer organization (PEO), is bringing its comprehensive HR solutions and high-quality, competitive benefits plans to Ohio small and mid-sized businesses, the company announced today. G&A Partners provides best-in-class client service and service delivery plans that help build thriving businesses. Plans are customizable and offer transparent pricing, which will allow Ohio business owners to build a plan that meets their budget and needs. Additionally, working with G&A gives small business owners access to cutting edge and affordable benefits options that aid in recruiting and retaining top talent, an ongoing challenge in today’s job market. “We’re excited to announce our entry into the Ohio market beginning with the Cincinnati area,” says Matthew Walus, G&A Partners’ vice president of sales in the Midwest region. “Ohio has a vibrant small business community, well-aligned to the industry-leading PEO and human capital management services we provide. The expansion into Ohio represents strong growth for G&A in the Midwest, alongside locations in Illinois, Minnesota, Wisconsin, and Iowa.” G&A Partners, which was named to the Inc. 5000 list of America’s top private companies for the 17th time, recently announced it is also expanding into the Southeast region and Oregon. About G&A Partners G&A Partners, one of the 10 largest professional employer organizations (PEO) in the nation, has been helping entrepreneurs grow their businesses for more than 25 years. By delivering world-class services with trusted experts in HR administration, benefits, and payroll, clients now have the time and freedom they need to focus on what matters most—their employees, products and services, and their customers. Headquartered in Houston, G&A Partners has offices located throughout the U.S.

Read More

HR ANALYTICS, WORKFORCE MANAGEMENT

Eightfold AI Gets Faurecia, Global Automotive Industry Leader, Future-ready

PRnewswire | June 02, 2023

Eightfold AI, the leader in AI-powered talent intelligence, today announced their live implementation with Faurecia, a FORVIA Group company. Faurecia leverages Eightfold AI's Talent Acquisition and Talent Management offerings to further modernize its hiring programs leveraging the most advanced technology and employee experience. Additionally, Faurecia is leveraging Eightfold AI's Talent Intelligence Platform to source more candidates from their existing Applicant Tracking System (ATS). Through Eightfold AI's skills database, Faurecia projects measurable improvements to the effectiveness and efficiency of its entire talent operation. Moreover, Eightfold's bias-reduction capabilities are key to Faurecia's ongoing commitment to make diversity, equity, and inclusion (DE&I) a core component of its workforce. "We're a great company, and that means recruiting great talent, and enabling them to continue growing once they've joined our organization is our priority." said Jean-Pierre Sounillac, Faurecia Executive Vice President Group Human Resources. "Faurecia is up-leveling their talent operation by creating a consistent global experience and connecting its talent acquisition with the upskilling of their employees," said Ashutosh Garg, CEO and Co-founder at Eightfold AI. "Their strategy to become a skills-based organization will serve as the model for future-ready organizations going forward." Eightfold AI offers a single Talent Intelligence Platform that provides a consistent experience for recruiters, hiring managers, and employees. As a result, companies can consolidate the capabilities of their existing HR technology investments into one cohesive offering that can be leveraged globally, furthering a company's digital transformation. By analyzing anonymized data points, the Eightfold Talent Intelligence Platform improves hiring, engagement, retention, and DE&I processes. Enterprise customers have achieved results for talent acquisition including 35 percent faster time-to-fill across all positions, 50 percent greater recruiter efficiency, 60 percent higher qualified candidate volume, 88 percent increase in employee referrals, and 19 percent increase in hiring of female candidates, among other verified outcomes. About Eightfold AI Eightfold AI's market-leading Talent Intelligence Platform™ helps organizations retain top performers, upskill and reskill their workforce, recruit talent efficiently, and reach diversity goals. Eightfold's patented deep learning artificial intelligence platform is available in more than 155 countries and 24 languages, enabling cutting-edge enterprises to transform their talent into a competitive advantage. For more information, visit www.eightfold.ai. About Faurecia Faurecia, company of the Group FORVIA, is a global automotive technology leader. With 257 industrial sites, 39 R&D centers and 111,000 employees in 33 countries, Faurecia operates through four areas of business: Seating, Interiors, Clarion Electronics and Clean Mobility. In 2021, the Group reported total turnover of €15.6 billion. Faurecia is listed on the Euronext Paris market and is a component of the CAC Next 20 index. www.faurecia.com About FORVIA FORVIA, the world's seventh largest automotive technology player, comprises the complementary technology and industrial strengths of Faurecia and HELLA. With over 300 industrial sites and 66 R&D centers, 150,000 people, including more than 35,000 engineers across 40+ countries, FORVIA provides a unique and comprehensive approach to the automotive challenges of today and tomorrow. Composed of 6 business groups with 24 product lines, FORVIA is focused on becoming the preferred innovation and integration partner for OEMs worldwide. The Group provides solutions for a safe, sustainable, advanced and customized mobility, FORVIA aims to be a change maker committed to foreseeing and making the mobility transformation happen.

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

HR ANALYTICS, EMPLOYEE EXPERIENCE

G&A Partners brings comprehensive HR solutions to Ohio market

Businesswire | May 31, 2023

G&A Partners, a leading professional employer organization (PEO), is bringing its comprehensive HR solutions and high-quality, competitive benefits plans to Ohio small and mid-sized businesses, the company announced today. G&A Partners provides best-in-class client service and service delivery plans that help build thriving businesses. Plans are customizable and offer transparent pricing, which will allow Ohio business owners to build a plan that meets their budget and needs. Additionally, working with G&A gives small business owners access to cutting edge and affordable benefits options that aid in recruiting and retaining top talent, an ongoing challenge in today’s job market. “We’re excited to announce our entry into the Ohio market beginning with the Cincinnati area,” says Matthew Walus, G&A Partners’ vice president of sales in the Midwest region. “Ohio has a vibrant small business community, well-aligned to the industry-leading PEO and human capital management services we provide. The expansion into Ohio represents strong growth for G&A in the Midwest, alongside locations in Illinois, Minnesota, Wisconsin, and Iowa.” G&A Partners, which was named to the Inc. 5000 list of America’s top private companies for the 17th time, recently announced it is also expanding into the Southeast region and Oregon. About G&A Partners G&A Partners, one of the 10 largest professional employer organizations (PEO) in the nation, has been helping entrepreneurs grow their businesses for more than 25 years. By delivering world-class services with trusted experts in HR administration, benefits, and payroll, clients now have the time and freedom they need to focus on what matters most—their employees, products and services, and their customers. Headquartered in Houston, G&A Partners has offices located throughout the U.S.

Read More

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