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What Does Paid Time Off Cost the Employer

February 20, 2019 | 99 views

Paid Time Off (PTO) benefits have been growing in popularity over recent years. Offering more vacation time is becoming the ultimate recruitment tool and will keep employees happy but what does paid time off cost the employer? Before making the decision to whether or not your company will offer PTO, dig into the costs and make a thoughtful choice if it’s right for your business. When determining your PTO policy, keep two things at the center of your decision the employees and the real costs associated with the policy you create.

Spotlight

Indeed.com

As the world's #1 job site, with over 200 million unique visitors every month from over 60 different countries, Indeed has become the catalyst for putting the world to work. Indeed is intensely passionate about delivering the right fit for every hire. Indeed helps companies of all sizes hire the best talent and offers the best opportunity for job seekers to get hired.

OTHER ARTICLES
RECRUITMENT & RETENTION

HR Compliance: Get Back to Basics During the Great Reset

Article | July 14, 2022

We hear the term “getting back to basics” quite often and we’re hearing it a lot lately. Regular readers of HR Bartender know that I’m a fan of consulting the dictionary, so I did a quick search to see what “getting back to basics” means. The Collins Dictionary defines it as “concentrating on simple, important ideas or activities.”Getting back to basics can be an opportunity to refocus and streamline. It can be ways to deliver great work with fewer steps. To become more proactive, especially if the organization feels they have been very reactive lately. Getting back to basics can help us spend time on things that are directly aligned with the business. The reason I’m bringing this up is because now is a great time to evaluate HR compliance processes. If we step back for a second, let’s look at what’s going on right now. From a business perspective, organizations are redefining the customer experience. I’m not saying that’s bad. But companies are trying to set new expectations with customers. I’m hearing an increasing number of people talk about spending some or all their time back in the office. Even employees who are 100% remote are talking about going in for special company events. So not only are companies setting new expectations with customers, but they’re setting new expectations with employees. While we’re going through this reset, it only makes sense to examine the way we’re doing things in HR.

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DIVERSITY AND INCLUSION

What Unconventional People Analytics Looks Like?

Article | July 5, 2022

HR analytics was first conceptualized in 1911 in the book ‘The Principles of Scientific Management’ by Frederick Taylor. Since then, it has become a prominent aspect of people management. Its application in performance optimization, employee retention and employee engagement is unprecedented. However, HR analytics has contributed in a multitude of ways to improving decision-making. Its scope is expanding and spilling into other areas of business. Many organizations are uncovering ways to use their people insights to inform decisions that have nothing to do with hiring. Applying HR Analytics to Identify a New Office Location The tech giant Cisco demonstrated that the use of people analytics can take many different shapes and forms. The company used data to guide its decision on choosing a new office building location, optimize space and build a positive culture right off the bat. Powered by the company’s data from across its 266 offices in 87 countries, the people analytics team got into action to identify usage rates and costs in the organizations. The team took into consideration the neighbourhood and community around them to assess the business outcomes. The team went over and above to examine the availability of talent from nearby universities in relation to the areas their competitors served. Predicting ROI on an Apprenticeship Training Program Multinational energy provider, SSE, deployed an in-depth analysis of their trained apprenticeship program to calculate ROI. It not only enabled the company to make a business case for its apprenticeship program to senior management but also see the true value of its initiatives through a financial lens. SSE discovered that every £1 invested collectively by the individual, society, and employer in a fully trained apprenticeship yields a return of £4.29 to the economy. Making Diversity More Than Just a Buzzword The carpool service, BlaBlaCar, used data analytics in HR to review job applications that were comprised of biased language and messaging. The company also structured its interviews in a way that was inclusive, a tactic that helped them convert candidates into employees and increase the diversity on their teams. London-based survey company Saberr employed HR analytics to explore candidates’ behavioral compatibility, core values, and diversity to identify if a candidate will feel welcome in an organization and the strength of their interpersonal relationships. Beyond the Hiring Horizon A 2019 study by Chalutz Ben-Gal discovered that recruitment and workforce planning are the two areas of HR that yielded the highest returns. By using data to fuel insights outside of hiring and people management, some organizations are demonstrating the innovative ways that HR analytics can power business outcomes. Whether to pinpoint a new regional office, assessing investment decisions or spearheading diversity and inclusion, leveraging people analytics is a matter of thinking outside the proverbial box and maximizing the combined power of people and their behaviors to drive innovation.

Read More
HR ANALYTICS

Purposeful Employee Well-being: Making Data-based Decisions

Article | June 21, 2022

The pandemic uncovered several insights into the significance and connection between health, wellbeing, and productivity at work. Whether you work from home or in an office, without employee well-being, there is no organizational resilience. HR leaders are recognizing this bare truth and are focusing on more than just physical health. There is a push to promote holistic wellness, which includes physical, mental, social, financial, and psychological well-being. Employee Well-Being and the Modern Organization Studies have proved that employee well-being has a direct impact on revenue and profitability. It affects the overall employee morale, productivity, and employee experience. Focusing on employee well-being leads to a 41% drop in absenteeism, as well as more innovation, better retention, and lower healthcare costs. As workplaces have undergone much transformation in recent years, employees’ expectations from a health and wellness perspective have taken on a new shape. Forward-looking organizations are committing to developing meaningful initiatives that foster well-being in the workplace. Organizations do not intend to stop providing health coverage and benefits. They are proactively infusing well-being into the work culture, employee experience, and career growth as these factors are most likely to take precedence in the near future. In fact, according to a study by TeamStage, 78% of employees were more likely to continue working because they liked the benefits. In this context, data and a handful of key metrics will set the tone for HR professionals to deliver more value to their employees. Mapping the Metrics That Matter So what metrics will play a key role in bringing modern, employee-oriented wellness and health programs? According to a Paycor survey, 17% of HR professionals were able to provide a concrete response to changing their approach to well-being in 2022. Some initiatives include: Mental health awareness and training Discount on mental health apps Virtual exercise programs A 24/7 support helpline Employee Assistance Program (EAP) The first viable option is to implement a meaningful way to measure employee happiness in the workplace. For instance, international electronics giant Hitachi used wearable devices to monitor a range of activities, including sitting, standing, talking, and even typing, to create a measuring algorithm. Hitachi identified and pre-empted stressors and health concerns in the workplace by offering corresponding benefits. However, implementing benefits isn’t enough. Many employers are calculating employee interaction with their wellness offering through online portals. This key metric is used to determine whether or not employees are making the most of their benefits. In turn, this demonstrates their engagement levels with the company. Parting Words As the work landscape has shifted from the office to homes and job markets have become more volatile; stress, anxiety, and mental illnesses are mainstays of employee concerns. The pandemic underlined the importance of having a robust grip on employee well-being for organizations to be able to survive such drastic transformations. However, employee wellness has proven to be a cornerstone of sustainability and resilience all along. Organizations that hope to thrive and grow well into the future will need to highlight employee well-being as an integral part of their workforce strategy.

Read More
RECRUITMENT & RETENTION

How SMBs Can Configure a Revenue-Generating Recruitment Tech Stack

Article | May 12, 2022

Assembling a winning recruitment tech stack is much like recruiting the right candidate. You’re bound to find people who match some of your requirements. There will be a few candidates who seem like a match but don’t tick every box. Then there are those that stand out because of a single quality. The recruitment tech stack has long served the HR departments in large organizations to streamline their people management. However, for small businesses, using an HR tech stack can be a big decision. According to a study by Goldman Sachs, 44% of small businesses had only three months of cash reserves during the pandemic. This forced them to be smarter with their resources when it comes to staffing. HR Recruitment Tech Stack for SMBs: The Status Quo Considering how HR as a department can be loaded with work in small and medium-sized organizations, it is imperative to have a tech stack that is well-rounded and cost-efficient. Since 2022, small businesses have faced the brunt of a talent shortage during the Great Resignation. “It's about capitalizing on the tailwinds as the economy heals and fully reopens.” Courtny Cloeter, Chief Revenue Officer at OneSource Virtual Talk about the great resignation, retention problems, and underfunctioning tech stacks. A National Federation of Independent Business report found that over 51% of small businesses couldn’t fill all their job openings in October 2021. According to Oracle’s report on the state of HR tech stack in 2020, HR managers of only 33% of small businesses consider HR tech stack as one of their top three issues. In addition, only 31% of small business HR teams report automating their people management processes. This leaves a lot on the table for SMBs who want to get the most bang for their buck. How HR in SMB’s Can Use Recruitment Technology to Improve Profitability SMBs that currently have a non-existent HR tech stack can look forward to gaining immediate benefits. According to Oracle’s report, 66% of SMBs reported seeing a significant improvement in efficiency. But efficiency is just the first step. In the age of talent shortages, remote workplaces, and mass resignations, SMBs can leverage a tech stack or tech recruiting platform to develop a winning hiring strategy. Let’s discover some of the benefits that could do wonders for the growth and revenue of SMBs. Attract Top Talent It goes without saying that quality workers benefit an organization much more than average workers. But the contrast between the two can mean either savings or a loss of thousands of dollars for small businesses. A McKinsey study reveals that in low-complexity jobs, high performers are 50% more productive, while the difference is 800% for high-complexity jobs. Developing a robust recruitment technology stack can drive high-qualified candidates faster to SMBs. Improve Employee Experience Hiring top talent is just the beginning. You need to retain that talent to save on hiring costs. That’s where employee experience comes in. A case study by Great Place to Work demonstrates how essential employee experience is. Brains on Fire, a creative agency, used employee surveys to increase their engagement score from 74% to 92% in just two years. Armed with the data from the survey, the small business refined its hiring process and boosted trust and engagement exponentially. SMBs will benefit greatly from a tech recruiting platform that includes engagement initiatives in its stack. Increase Productivity Increased productivity means higher revenue. In fact, Harvard Business Review reports that organizations that report 40% more productivity than average also have a 30–50% higher operating margin. That makes a massive difference for small and medium-sized organizations. How SMBs Are Using Recruitment Technology to Overcome Talent Shortages Recruitment Marketing The battle for qualified candidates starts way before a job application comes in. Many small businesses are making inroads into quality talent pools with recruitment marketing. For instance, many recruitment marketing tools allow organizations to instantly advertise on premier job sites. This saves time and helps SMB HR teams reach more candidates faster. Recruitment marketing tools are critical in the HR toolkit of SMBs. AI in Recruitment Tech Stack AI is a cross-functional technology in HR processes. With AI in recruitment, small businesses can maximize both time and resources to automate areas of hiring, candidate screening, interview scheduling and performance management. Data analytics can help uncover crucial insights into challenges, which can then be addressed with AI-based HR solutions. Conclusion: What Can Small Businesses Anticipate in the Future of Recruitment Technology? With technology recruitment, small businesses learn to tackle everything from hiring talent, managing performance and productivity, and shaping employee engagement. With technology, recruitment becomes more functional, performance-driven, and efficient. Small businesses can script tailored HR strategies that get the most out of their resources and deliver impressive results like it did for Brains on Fire. As SMBs continue to adopt modern tech recruiting platforms as their go-to HR management solution, they can shift their efforts towards strategic scaling. With a recruitment tech stack that scales with growing businesses, SMBs can sit back and focus on what matters: driving revenue. Frequently Asked Questions What are the technologies used in a tech recruiting platform? Some of the technologies used to leverage recruiting platforms include artificial intelligence, applicant screening and tracking, recruitment CRM tools, video interviewing tools, and training platforms. Is recruitment CRM a part of a modern recruitment tech stack? Yes. Recruitment Candidate Relationship Management (CRM) is used as part of the hiring process. It is used to manage all aspects of staffing and recruitment. It helps to build relationships with the talent pool and create a seamless hiring process. What are the must-haves in a recruitment technology stack? The must-haves of a recruitment stack are employee referral tools, email automation, video interviewing, CRM, social media automation, and job posting.

Read More
RECRUITMENT & RETENTION

5 Elements to Retain Millennial and Gen Z Employees

Article | July 14, 2022

We hear the term “getting back to basics” quite often and we’re hearing it a lot lately. Regular readers of HR Bartender know that I’m a fan of consulting the dictionary, so I did a quick search to see what “getting back to basics” means. The Collins Dictionary defines it as “concentrating on simple, important ideas or activities.”Getting back to basics can be an opportunity to refocus and streamline. It can be ways to deliver great work with fewer steps. To become more proactive, especially if the organization feels they have been very reactive lately. Getting back to basics can help us spend time on things that are directly aligned with the business. The reason I’m bringing this up is because now is a great time to evaluate HR compliance processes. If we step back for a second, let’s look at what’s going on right now. From a business perspective, organizations are redefining the customer experience. I’m not saying that’s bad. But companies are trying to set new expectations with customers. I’m hearing an increasing number of people talk about spending some or all their time back in the office. Even employees who are 100% remote are talking about going in for special company events. So not only are companies setting new expectations with customers, but they’re setting new expectations with employees. While we’re going through this reset, it only makes sense to examine the way we’re doing things in HR.

Read More
DIVERSITY AND INCLUSION

Silent Meetings: A New Trend or Inclusivity at its Finest?

Article | July 5, 2022

HR analytics was first conceptualized in 1911 in the book ‘The Principles of Scientific Management’ by Frederick Taylor. Since then, it has become a prominent aspect of people management. Its application in performance optimization, employee retention and employee engagement is unprecedented. However, HR analytics has contributed in a multitude of ways to improving decision-making. Its scope is expanding and spilling into other areas of business. Many organizations are uncovering ways to use their people insights to inform decisions that have nothing to do with hiring. Applying HR Analytics to Identify a New Office Location The tech giant Cisco demonstrated that the use of people analytics can take many different shapes and forms. The company used data to guide its decision on choosing a new office building location, optimize space and build a positive culture right off the bat. Powered by the company’s data from across its 266 offices in 87 countries, the people analytics team got into action to identify usage rates and costs in the organizations. The team took into consideration the neighbourhood and community around them to assess the business outcomes. The team went over and above to examine the availability of talent from nearby universities in relation to the areas their competitors served. Predicting ROI on an Apprenticeship Training Program Multinational energy provider, SSE, deployed an in-depth analysis of their trained apprenticeship program to calculate ROI. It not only enabled the company to make a business case for its apprenticeship program to senior management but also see the true value of its initiatives through a financial lens. SSE discovered that every £1 invested collectively by the individual, society, and employer in a fully trained apprenticeship yields a return of £4.29 to the economy. Making Diversity More Than Just a Buzzword The carpool service, BlaBlaCar, used data analytics in HR to review job applications that were comprised of biased language and messaging. The company also structured its interviews in a way that was inclusive, a tactic that helped them convert candidates into employees and increase the diversity on their teams. London-based survey company Saberr employed HR analytics to explore candidates’ behavioral compatibility, core values, and diversity to identify if a candidate will feel welcome in an organization and the strength of their interpersonal relationships. Beyond the Hiring Horizon A 2019 study by Chalutz Ben-Gal discovered that recruitment and workforce planning are the two areas of HR that yielded the highest returns. By using data to fuel insights outside of hiring and people management, some organizations are demonstrating the innovative ways that HR analytics can power business outcomes. Whether to pinpoint a new regional office, assessing investment decisions or spearheading diversity and inclusion, leveraging people analytics is a matter of thinking outside the proverbial box and maximizing the combined power of people and their behaviors to drive innovation.

Read More
HR ANALYTICS

How HR Analytics Streamlines the Performance Appraisal Process

Article | June 21, 2022

The pandemic uncovered several insights into the significance and connection between health, wellbeing, and productivity at work. Whether you work from home or in an office, without employee well-being, there is no organizational resilience. HR leaders are recognizing this bare truth and are focusing on more than just physical health. There is a push to promote holistic wellness, which includes physical, mental, social, financial, and psychological well-being. Employee Well-Being and the Modern Organization Studies have proved that employee well-being has a direct impact on revenue and profitability. It affects the overall employee morale, productivity, and employee experience. Focusing on employee well-being leads to a 41% drop in absenteeism, as well as more innovation, better retention, and lower healthcare costs. As workplaces have undergone much transformation in recent years, employees’ expectations from a health and wellness perspective have taken on a new shape. Forward-looking organizations are committing to developing meaningful initiatives that foster well-being in the workplace. Organizations do not intend to stop providing health coverage and benefits. They are proactively infusing well-being into the work culture, employee experience, and career growth as these factors are most likely to take precedence in the near future. In fact, according to a study by TeamStage, 78% of employees were more likely to continue working because they liked the benefits. In this context, data and a handful of key metrics will set the tone for HR professionals to deliver more value to their employees. Mapping the Metrics That Matter So what metrics will play a key role in bringing modern, employee-oriented wellness and health programs? According to a Paycor survey, 17% of HR professionals were able to provide a concrete response to changing their approach to well-being in 2022. Some initiatives include: Mental health awareness and training Discount on mental health apps Virtual exercise programs A 24/7 support helpline Employee Assistance Program (EAP) The first viable option is to implement a meaningful way to measure employee happiness in the workplace. For instance, international electronics giant Hitachi used wearable devices to monitor a range of activities, including sitting, standing, talking, and even typing, to create a measuring algorithm. Hitachi identified and pre-empted stressors and health concerns in the workplace by offering corresponding benefits. However, implementing benefits isn’t enough. Many employers are calculating employee interaction with their wellness offering through online portals. This key metric is used to determine whether or not employees are making the most of their benefits. In turn, this demonstrates their engagement levels with the company. Parting Words As the work landscape has shifted from the office to homes and job markets have become more volatile; stress, anxiety, and mental illnesses are mainstays of employee concerns. The pandemic underlined the importance of having a robust grip on employee well-being for organizations to be able to survive such drastic transformations. However, employee wellness has proven to be a cornerstone of sustainability and resilience all along. Organizations that hope to thrive and grow well into the future will need to highlight employee well-being as an integral part of their workforce strategy.

Read More
RECRUITMENT & RETENTION

How SMBs Can Configure a Revenue-Generating Recruitment Tech Stack

Article | May 12, 2022

Assembling a winning recruitment tech stack is much like recruiting the right candidate. You’re bound to find people who match some of your requirements. There will be a few candidates who seem like a match but don’t tick every box. Then there are those that stand out because of a single quality. The recruitment tech stack has long served the HR departments in large organizations to streamline their people management. However, for small businesses, using an HR tech stack can be a big decision. According to a study by Goldman Sachs, 44% of small businesses had only three months of cash reserves during the pandemic. This forced them to be smarter with their resources when it comes to staffing. HR Recruitment Tech Stack for SMBs: The Status Quo Considering how HR as a department can be loaded with work in small and medium-sized organizations, it is imperative to have a tech stack that is well-rounded and cost-efficient. Since 2022, small businesses have faced the brunt of a talent shortage during the Great Resignation. “It's about capitalizing on the tailwinds as the economy heals and fully reopens.” Courtny Cloeter, Chief Revenue Officer at OneSource Virtual Talk about the great resignation, retention problems, and underfunctioning tech stacks. A National Federation of Independent Business report found that over 51% of small businesses couldn’t fill all their job openings in October 2021. According to Oracle’s report on the state of HR tech stack in 2020, HR managers of only 33% of small businesses consider HR tech stack as one of their top three issues. In addition, only 31% of small business HR teams report automating their people management processes. This leaves a lot on the table for SMBs who want to get the most bang for their buck. How HR in SMB’s Can Use Recruitment Technology to Improve Profitability SMBs that currently have a non-existent HR tech stack can look forward to gaining immediate benefits. According to Oracle’s report, 66% of SMBs reported seeing a significant improvement in efficiency. But efficiency is just the first step. In the age of talent shortages, remote workplaces, and mass resignations, SMBs can leverage a tech stack or tech recruiting platform to develop a winning hiring strategy. Let’s discover some of the benefits that could do wonders for the growth and revenue of SMBs. Attract Top Talent It goes without saying that quality workers benefit an organization much more than average workers. But the contrast between the two can mean either savings or a loss of thousands of dollars for small businesses. A McKinsey study reveals that in low-complexity jobs, high performers are 50% more productive, while the difference is 800% for high-complexity jobs. Developing a robust recruitment technology stack can drive high-qualified candidates faster to SMBs. Improve Employee Experience Hiring top talent is just the beginning. You need to retain that talent to save on hiring costs. That’s where employee experience comes in. A case study by Great Place to Work demonstrates how essential employee experience is. Brains on Fire, a creative agency, used employee surveys to increase their engagement score from 74% to 92% in just two years. Armed with the data from the survey, the small business refined its hiring process and boosted trust and engagement exponentially. SMBs will benefit greatly from a tech recruiting platform that includes engagement initiatives in its stack. Increase Productivity Increased productivity means higher revenue. In fact, Harvard Business Review reports that organizations that report 40% more productivity than average also have a 30–50% higher operating margin. That makes a massive difference for small and medium-sized organizations. How SMBs Are Using Recruitment Technology to Overcome Talent Shortages Recruitment Marketing The battle for qualified candidates starts way before a job application comes in. Many small businesses are making inroads into quality talent pools with recruitment marketing. For instance, many recruitment marketing tools allow organizations to instantly advertise on premier job sites. This saves time and helps SMB HR teams reach more candidates faster. Recruitment marketing tools are critical in the HR toolkit of SMBs. AI in Recruitment Tech Stack AI is a cross-functional technology in HR processes. With AI in recruitment, small businesses can maximize both time and resources to automate areas of hiring, candidate screening, interview scheduling and performance management. Data analytics can help uncover crucial insights into challenges, which can then be addressed with AI-based HR solutions. Conclusion: What Can Small Businesses Anticipate in the Future of Recruitment Technology? With technology recruitment, small businesses learn to tackle everything from hiring talent, managing performance and productivity, and shaping employee engagement. With technology, recruitment becomes more functional, performance-driven, and efficient. Small businesses can script tailored HR strategies that get the most out of their resources and deliver impressive results like it did for Brains on Fire. As SMBs continue to adopt modern tech recruiting platforms as their go-to HR management solution, they can shift their efforts towards strategic scaling. With a recruitment tech stack that scales with growing businesses, SMBs can sit back and focus on what matters: driving revenue. Frequently Asked Questions What are the technologies used in a tech recruiting platform? Some of the technologies used to leverage recruiting platforms include artificial intelligence, applicant screening and tracking, recruitment CRM tools, video interviewing tools, and training platforms. Is recruitment CRM a part of a modern recruitment tech stack? Yes. Recruitment Candidate Relationship Management (CRM) is used as part of the hiring process. It is used to manage all aspects of staffing and recruitment. It helps to build relationships with the talent pool and create a seamless hiring process. What are the must-haves in a recruitment technology stack? The must-haves of a recruitment stack are employee referral tools, email automation, video interviewing, CRM, social media automation, and job posting.

Read More
MORE ARTICLES

Spotlight

Indeed.com

As the world's #1 job site, with over 200 million unique visitors every month from over 60 different countries, Indeed has become the catalyst for putting the world to work. Indeed is intensely passionate about delivering the right fit for every hire. Indeed helps companies of all sizes hire the best talent and offers the best opportunity for job seekers to get hired.

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HR STRATEGY

Tandym Group Announces Acquisition of Longford & Company

Tandym and Longford & Company | August 04, 2022

Tandym Group, a leading national recruitment, contract staffing, consulting, and workforce solutions company, has acquired Longford & Company, a Boston-based technology consulting and executive search company. Terms of the transaction were not disclosed. Tandym is backed by Mill Rock Capital, a growth and operations-oriented private investment firm that invests in well-positioned industrial businesses in North America. Longford provides technology consulting and executive search services, primarily to clients in the Life Sciences, Pharmaceutical, and other industries. The acquisition further enhances the scale and scope of Tandym Tech, Tandym's technology vertical, and comes shortly after Tandym's acquisition of Metro Systems. As a result of this partnership with Tandym, Longford's clients will be able to access a broader range of services and expanded capabilities. It also strengthens Tandym's position as a trusted technology partner to its clients. "Longford has a sterling reputation in Life Sciences, In addition to having an outstanding industry track record, Longford shares our commitment to delivering exceptional client service through a high-touch, highly personalized approach." -Larry Dolinko, CEO of Tandym We're incredibility excited to join forces with Tandym, Tandym is aligned with our commitment to service excellence, honesty, and creating value for our clients or candidates. With Tandym's infrastructure and broad service offerings, we'll be able to provide tailored solutions for our partners on a greater scale and at a national level,added Sean McCourt, Founder and Managing Director of Longford. Charles Heskett, Executive Chairman of Tandym and Senior Partner at Mill Rock Capital, added, Longford's deep-rooted relationships in the Life Sciences industry in Boston and New England will foster commercial collaboration with Tandym's Life Sciences vertical. We are very excited about the expanded scope of services the combined platform can offer to the Life Sciences industry at large. About Tandym Group Tandym Group (formerly The Execu|Search Group) is a leading national recruitment, contract staffing, consulting, and workforce solutions company with offices throughout the U.S. The company serves clients across a broad range of verticals, including Healthcare, Technology, Life Sciences, and Professional Services (which includes Accounting, Financial Services, HR/People & Operations, and Legal). For more information, please visit: tandymgroup.com About Longford & Company Longford & Company is a strategic consulting and executive search firm committed to helping their clients solve technology and business problems. Longford focuses on providing highly specialized consultants on a wide range of technology and business-related projects and performing executive level search services for various industries. About Mill Rock Capital Great Mill Rock LLC dba Mill Rock Capital is a growth and operations oriented private investment firm that invests in well-positioned middle market industrial businesses in North America. Founded by Christopher Whalen and Adi Pekmezovic, Mill Rock Capital is purpose-built to invest in family-owned businesses, owner-operators and founder-led companies across six industry verticals. Focus sectors include chemicals, materials and packaging; industrial distribution; services; metals and engineered materials; transportation and logistics; and specialty manufacturing and industrial technology. This strategy leverages the deep expertise of the firm's principals, a majority of whom have direct operating experience in these same industries. Mill Rock Capital supports business transformation through a dual-sourcing strategy encompassing majority equity and Activ Capital® – debt, senior equity or hybrid investments which provide business owners value-added financial partnership without relinquishing a controlling stake.

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HR ANALYTICS,REMOTE WORKFORCE

Relogix Partners with Butlr Technologies, Bringing Most Complete Occupancy Analytics Platform to the Hybrid Workplace

Relogix and Butlr Technologies | August 03, 2022

Relogix, a leading occupancy analytics provider for hybrid workplace monitoring and performance, today announced the integration of Butlr Technologies' people counting sensors to its occupancy analytics solution offering. Through this partnership, Relogix brings the most comprehensive occupancy and utilization insights that companies need to create effective hybrid workplaces while optimizing their overall real estate spend. As more people return to the office, some organizations are relying on booking or badging data to get a high-level understanding of the number of individuals entering and exiting a specific space throughout the day. However, this data alone is limited and not sufficient to truly understand actual employee behavior and reveal the new, emerging, and continuously changing work styles and preferences. Creating effective and efficient hybrid workplaces requires the flexibility to combine different occupancy data sources to surface the insights needed to make informed decisions about workplace design, spending and employee experience. Having one platform for all occupancy use-cases makes Relogix the must-have occupancy analytics platform for the hybrid workplace. "We are thrilled to add Butlr's advanced sensor technology to Relogix's already robust offering, By combining threshold, area, and our desk-level sensors, users can now achieve a more complete picture of employees' work preferences in a flexible, easy to deploy package that scales up or down to meet their changing needs. This information, and the ability to mix and match it with other data sources, empowers employers and CREs to make more informed workplace experience decisions to best meet the needs of today's hybrid workplace." - Andrew Millar, Relogix CEO. Using non-intrusive thermal technology, Butlr's sensors are mounted above doorways or ceilings to detect the number of people in defined zones – common areas, meeting rooms, open collaboration spaces, or groups of desks. Unlike other people counting sensors on the market, Butlr's sensors do not use cameras and are incapable of capturing personally identifiable information. The sensors function on their own, independent low-power thermal array network by being wirelessly connected to a gateway. All sensors can form a mesh network starting from the gateway – connected to the internet by either a cellular connection, Ethernet or Wi-Fi. We are thrilled that Relogix, a true pioneer in workplace analytics, chose Butlr to enable threshold and open area sensing data into their Conexus platform, With the addition of our sensors, Relogix customers now have the opportunity to better understand where, when, and how their employees are using spaces in order to build a more effective hybrid workplace where highly engaged and productive teams thrive, said Honghao Deng, co-founder and CEO of Butlr. About Relogix Relogix empowers productive work from anywhere. Relogix provides insightful, actionable and predictive workplace analytics so companies can create better experiences for their people. Founded in 2010, Relogix is focused on solving customer outcomes by combining data and technology. To learn more, visit: www.relogix.com. About Butlr ‍Spun out of the MIT Media Lab in 2019 with offices in Silicon Valley and Boston, Butlr was founded by Forbes 30 Under 30 entrepreneurs Honghao Deng and Jiani Zeng with a mission to make the built environment people-aware. Butlr's People Sensing Platform anonymously infers human presence and activity via its thermal, wireless sensors to deliver rich spatial insights at a fraction of the cost and time of legacy alternatives. Since the recent launch of its platform in late 2021, the company is already working with dozens of top occupiers, landlords and service providers in North America, Europe and Asia, in addition to partners in senior living and retail.

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HR ANALYTICS,WORKFORCE MANAGEMENT

Innovaccer Certified as a Great Place to Work® for the Second Year in a Row

Innovaccer | July 28, 2022

Innovaccer Analytics Pvt. Ltd., announced today that the company has been certified as a Great Place to Work® organization. Great Place to Work® is considered the gold-standard for identifying and facilitating strong work cultures. For the second year in a row, Innovaccer has earned exceptional scores across various brackets including credibility of management, fairness at workplace, a respectful environment, among others. The results are assessed and evaluated based on two categories: the Trust Index© and the Culture Audit©. The Great Place to Work® Trust Index© Employee Survey assesses the employee experience in workplaces, including trust in the leadership and overall satisfaction with the company in terms of its offerings and work culture. Innovaccer, a leading healthcare IT company, places a tremendous focus on employees, supporting their pursuits and ensuring their well-being. This certification affirms Innovaccer's core values of 'empathy' and 'winning as a team,' and validates Innovaccer is an organization that cares immensely for its employees and understands their needs. In the survey, a majority of Innovaccer employees (82%) said that the company had a positive and happy work environment. Innovaccer's employees take pride in their work, teammates, and the enterprise, and they credited the organization for building a strong sense of camaraderie. Employees also indicated that the company offers valuable support that motivates them to stay and grow with Innovaccer. "The Great Place to Work® certification is a testament to our efforts to promote employee welfare, and create a healthy company culture that makes Innovaccer a great place to work, While building an organization, the people and organizational culture you create are crucial to your success. It's of the utmost importance to ensure our employees' needs are fulfilled, because our organization's growth is synonymous with the growth of our employees. This recognition validates our teams' great work, and everything they've helped us achieve as an organization." -Ankit Maheshwari, President of R&D and India Operations at Innovaccer. At Innovaccer, in order to support the employees, a set of policies and initiatives have been instated to ensure there is structure and uniformity in employee experiences and benefits. These structures also accelerate innovation and creativity. As part of Innovaccer's efforts to support employees day-to-day as well as throughout the hardships of the COVID-19 pandemic, the company put several welfare initiatives in place. Innovaccer's 'Taking Care of Our Own Fund' covers costs for basic daily needs, doubled up insurance coverage, provides access to 24/7 medical consultations, COVID support from the office, and more. "Great organizations have a solid, winning culture as the core of their DNA, It takes heart and soul to establish that foundation at all levels, and we're doing our best to continue making Innovaccer a thriving place to work at — one that ignites the passion in our employees and makes working a great part of their day." -Sonali Damle, Chief People Officer at Innovaccer. About Innovaccer: Innovaccer Inc., the Health Cloud company, is dedicated to accelerating innovation in healthcare. The Innovaccer® Health Cloud unifies patient data across systems and care settings, and empowers healthcare organizations to develop scalable, modern applications that improve clinical, financial, and operational outcomes. Innovaccer's solutions have been deployed across more than 1,600 care settings in the U.S., enabling more than 96,000 providers to transform care delivery and work collaboratively with payers and life sciences companies. Innovaccer has helped its customers unify health records for more than 39 million people and generate over $1B in cumulative cost savings. Innovaccer is the #1 rated Data and Analytics Platform by KLAS, and the #1 rated population health technology platform by Black Book.

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HR STRATEGY

Tandym Group Announces Acquisition of Longford & Company

Tandym and Longford & Company | August 04, 2022

Tandym Group, a leading national recruitment, contract staffing, consulting, and workforce solutions company, has acquired Longford & Company, a Boston-based technology consulting and executive search company. Terms of the transaction were not disclosed. Tandym is backed by Mill Rock Capital, a growth and operations-oriented private investment firm that invests in well-positioned industrial businesses in North America. Longford provides technology consulting and executive search services, primarily to clients in the Life Sciences, Pharmaceutical, and other industries. The acquisition further enhances the scale and scope of Tandym Tech, Tandym's technology vertical, and comes shortly after Tandym's acquisition of Metro Systems. As a result of this partnership with Tandym, Longford's clients will be able to access a broader range of services and expanded capabilities. It also strengthens Tandym's position as a trusted technology partner to its clients. "Longford has a sterling reputation in Life Sciences, In addition to having an outstanding industry track record, Longford shares our commitment to delivering exceptional client service through a high-touch, highly personalized approach." -Larry Dolinko, CEO of Tandym We're incredibility excited to join forces with Tandym, Tandym is aligned with our commitment to service excellence, honesty, and creating value for our clients or candidates. With Tandym's infrastructure and broad service offerings, we'll be able to provide tailored solutions for our partners on a greater scale and at a national level,added Sean McCourt, Founder and Managing Director of Longford. Charles Heskett, Executive Chairman of Tandym and Senior Partner at Mill Rock Capital, added, Longford's deep-rooted relationships in the Life Sciences industry in Boston and New England will foster commercial collaboration with Tandym's Life Sciences vertical. We are very excited about the expanded scope of services the combined platform can offer to the Life Sciences industry at large. About Tandym Group Tandym Group (formerly The Execu|Search Group) is a leading national recruitment, contract staffing, consulting, and workforce solutions company with offices throughout the U.S. The company serves clients across a broad range of verticals, including Healthcare, Technology, Life Sciences, and Professional Services (which includes Accounting, Financial Services, HR/People & Operations, and Legal). For more information, please visit: tandymgroup.com About Longford & Company Longford & Company is a strategic consulting and executive search firm committed to helping their clients solve technology and business problems. Longford focuses on providing highly specialized consultants on a wide range of technology and business-related projects and performing executive level search services for various industries. About Mill Rock Capital Great Mill Rock LLC dba Mill Rock Capital is a growth and operations oriented private investment firm that invests in well-positioned middle market industrial businesses in North America. Founded by Christopher Whalen and Adi Pekmezovic, Mill Rock Capital is purpose-built to invest in family-owned businesses, owner-operators and founder-led companies across six industry verticals. Focus sectors include chemicals, materials and packaging; industrial distribution; services; metals and engineered materials; transportation and logistics; and specialty manufacturing and industrial technology. This strategy leverages the deep expertise of the firm's principals, a majority of whom have direct operating experience in these same industries. Mill Rock Capital supports business transformation through a dual-sourcing strategy encompassing majority equity and Activ Capital® – debt, senior equity or hybrid investments which provide business owners value-added financial partnership without relinquishing a controlling stake.

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HR ANALYTICS,REMOTE WORKFORCE

Relogix Partners with Butlr Technologies, Bringing Most Complete Occupancy Analytics Platform to the Hybrid Workplace

Relogix and Butlr Technologies | August 03, 2022

Relogix, a leading occupancy analytics provider for hybrid workplace monitoring and performance, today announced the integration of Butlr Technologies' people counting sensors to its occupancy analytics solution offering. Through this partnership, Relogix brings the most comprehensive occupancy and utilization insights that companies need to create effective hybrid workplaces while optimizing their overall real estate spend. As more people return to the office, some organizations are relying on booking or badging data to get a high-level understanding of the number of individuals entering and exiting a specific space throughout the day. However, this data alone is limited and not sufficient to truly understand actual employee behavior and reveal the new, emerging, and continuously changing work styles and preferences. Creating effective and efficient hybrid workplaces requires the flexibility to combine different occupancy data sources to surface the insights needed to make informed decisions about workplace design, spending and employee experience. Having one platform for all occupancy use-cases makes Relogix the must-have occupancy analytics platform for the hybrid workplace. "We are thrilled to add Butlr's advanced sensor technology to Relogix's already robust offering, By combining threshold, area, and our desk-level sensors, users can now achieve a more complete picture of employees' work preferences in a flexible, easy to deploy package that scales up or down to meet their changing needs. This information, and the ability to mix and match it with other data sources, empowers employers and CREs to make more informed workplace experience decisions to best meet the needs of today's hybrid workplace." - Andrew Millar, Relogix CEO. Using non-intrusive thermal technology, Butlr's sensors are mounted above doorways or ceilings to detect the number of people in defined zones – common areas, meeting rooms, open collaboration spaces, or groups of desks. Unlike other people counting sensors on the market, Butlr's sensors do not use cameras and are incapable of capturing personally identifiable information. The sensors function on their own, independent low-power thermal array network by being wirelessly connected to a gateway. All sensors can form a mesh network starting from the gateway – connected to the internet by either a cellular connection, Ethernet or Wi-Fi. We are thrilled that Relogix, a true pioneer in workplace analytics, chose Butlr to enable threshold and open area sensing data into their Conexus platform, With the addition of our sensors, Relogix customers now have the opportunity to better understand where, when, and how their employees are using spaces in order to build a more effective hybrid workplace where highly engaged and productive teams thrive, said Honghao Deng, co-founder and CEO of Butlr. About Relogix Relogix empowers productive work from anywhere. Relogix provides insightful, actionable and predictive workplace analytics so companies can create better experiences for their people. Founded in 2010, Relogix is focused on solving customer outcomes by combining data and technology. To learn more, visit: www.relogix.com. About Butlr ‍Spun out of the MIT Media Lab in 2019 with offices in Silicon Valley and Boston, Butlr was founded by Forbes 30 Under 30 entrepreneurs Honghao Deng and Jiani Zeng with a mission to make the built environment people-aware. Butlr's People Sensing Platform anonymously infers human presence and activity via its thermal, wireless sensors to deliver rich spatial insights at a fraction of the cost and time of legacy alternatives. Since the recent launch of its platform in late 2021, the company is already working with dozens of top occupiers, landlords and service providers in North America, Europe and Asia, in addition to partners in senior living and retail.

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HR ANALYTICS,WORKFORCE MANAGEMENT

Innovaccer Certified as a Great Place to Work® for the Second Year in a Row

Innovaccer | July 28, 2022

Innovaccer Analytics Pvt. Ltd., announced today that the company has been certified as a Great Place to Work® organization. Great Place to Work® is considered the gold-standard for identifying and facilitating strong work cultures. For the second year in a row, Innovaccer has earned exceptional scores across various brackets including credibility of management, fairness at workplace, a respectful environment, among others. The results are assessed and evaluated based on two categories: the Trust Index© and the Culture Audit©. The Great Place to Work® Trust Index© Employee Survey assesses the employee experience in workplaces, including trust in the leadership and overall satisfaction with the company in terms of its offerings and work culture. Innovaccer, a leading healthcare IT company, places a tremendous focus on employees, supporting their pursuits and ensuring their well-being. This certification affirms Innovaccer's core values of 'empathy' and 'winning as a team,' and validates Innovaccer is an organization that cares immensely for its employees and understands their needs. In the survey, a majority of Innovaccer employees (82%) said that the company had a positive and happy work environment. Innovaccer's employees take pride in their work, teammates, and the enterprise, and they credited the organization for building a strong sense of camaraderie. Employees also indicated that the company offers valuable support that motivates them to stay and grow with Innovaccer. "The Great Place to Work® certification is a testament to our efforts to promote employee welfare, and create a healthy company culture that makes Innovaccer a great place to work, While building an organization, the people and organizational culture you create are crucial to your success. It's of the utmost importance to ensure our employees' needs are fulfilled, because our organization's growth is synonymous with the growth of our employees. This recognition validates our teams' great work, and everything they've helped us achieve as an organization." -Ankit Maheshwari, President of R&D and India Operations at Innovaccer. At Innovaccer, in order to support the employees, a set of policies and initiatives have been instated to ensure there is structure and uniformity in employee experiences and benefits. These structures also accelerate innovation and creativity. As part of Innovaccer's efforts to support employees day-to-day as well as throughout the hardships of the COVID-19 pandemic, the company put several welfare initiatives in place. Innovaccer's 'Taking Care of Our Own Fund' covers costs for basic daily needs, doubled up insurance coverage, provides access to 24/7 medical consultations, COVID support from the office, and more. "Great organizations have a solid, winning culture as the core of their DNA, It takes heart and soul to establish that foundation at all levels, and we're doing our best to continue making Innovaccer a thriving place to work at — one that ignites the passion in our employees and makes working a great part of their day." -Sonali Damle, Chief People Officer at Innovaccer. About Innovaccer: Innovaccer Inc., the Health Cloud company, is dedicated to accelerating innovation in healthcare. The Innovaccer® Health Cloud unifies patient data across systems and care settings, and empowers healthcare organizations to develop scalable, modern applications that improve clinical, financial, and operational outcomes. Innovaccer's solutions have been deployed across more than 1,600 care settings in the U.S., enabling more than 96,000 providers to transform care delivery and work collaboratively with payers and life sciences companies. Innovaccer has helped its customers unify health records for more than 39 million people and generate over $1B in cumulative cost savings. Innovaccer is the #1 rated Data and Analytics Platform by KLAS, and the #1 rated population health technology platform by Black Book.

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