WORKFORCE MANAGEMENT, EMPLOYEE ENGAGEMENT
PRnewswire | March 30, 2023
Ethico, a leader in integrated risk management solutions, unveils a coordinated system to meet the demand for ethically run, values-forward businesses. The ECOsystem (Ethics & Compliance Optimization System) provides a holistic approach to improving an organization's risk mitigation and program performance, work culture, and employee engagement metrics.
With Gallup reporting that only 32% of employees in the U.S. claim to be actually engaged at work, it's clear that businesses are leaving a huge amount of profitability and productivity unclaimed. The key to re-engaging the majority of the workforce lies in better work cultures and stronger reputational health, with more demonstrable values in the operations of a business. Ethics, Compliance, and HR functions are perfectly poised to push such initiatives, but as typically under-resourced departments, these ethical professionals need to be empowered by something greater than a patchwork of single solutions in order to achieve their missions.
The ECOsystem is Ethico's way of putting power in the hands of any organization's ethical champions by providing them with: next-generation technology, client-over-everything support, and a holistic approach to redefine their workplaces. By utilizing a collaborative system of solutions, an ethical professional can maintain the oversight necessary to manage risk across multiple sectors and workstreams, while prioritizing the most pressing risks their organization is facing.
Ethico's solutions synergize within the ECOsystem to provide the flexibility and power to establish an authentically ethical culture, with all of its positive externalities. That means: increased employee engagement, reduced turnover, mitigated risk, lower threat of lawsuits and fines, and a more values-driven workplace.
The ECOsystem has fully configurable modules to maintain and upscale the essential pillars of a modern workplace, such as:
Investigation Process - Case Management Software, Omnichannel Issue Intake, Incident Management, and Data Analytics & Reporting leverage the advantages of Ethico's unique Adaptive Interview methodology to consistently gather and display the most pertinent information from reporters. This provides clear incident data, allowing investigators to close cases up to 2.5 times faster, and allowing E&C and HR professionals to make a clear business case for their programs.
Work Culture - Exit & Stay Interviews, HR & Compliance Training Libraries, Awareness & Communications, and Ethics Portal promote a culture that lives out the values espoused by an organization while rooting out latent risks within the workforce. This creates a healthy foundation where culture and employees can thrive.
Risk Mitigation - Sanction Screening, Third Party Risk Monitoring, along with Flexible Disclosures Forms and Conflicts of Interest solutions concentrate oversight on your organization's greatest areas of risk. This provides the risk sensors of an organization the ability to catch risks before they cost the organization revenue.
No matter the challenge a workplace is facing, one or all of the ECOsystem's modules can be leveraged to begin the process of modernizing any workplace, regardless of size, industry, or mission.
"People are sick of wrestling with status quo, Frankenstein solutions that haven't been updated in a decade," said Nick Gallo, Chief Servant and Co-CEO of Ethico. "Ethics should be easy, and that's why we are excited to introduce the ECOsystem to the world. It is exciting to be a part of the next generation of solutions that help folks actually reduce risk while upgrading their ethical foundations to reinforce authentic cultures of integrity."
About Ethico
Ethico's ECOsystem (Ethics and Compliance Optimization) allows leaders to manage risk, reinforce culture, and establish ethical work environments with flexible & powerful next-gen technology solutions including: Data Analytics & Reporting, Case Management Software, Omnichannel Issue Intake, Flexible Disclosure Forms, Incident Management, Sanction Monitoring, Awareness & Communications, Third Party Risk Management, Ethics Portal, Exit & Stay Interviews, HR & Compliance Training Library, and Conflicts of Interest.
Ethico has made ethics easy for over 25 years by empowering those who care most to Make The World A Better Workplace with holistic tools that help leaders who care to crowdsource risk management at scale effectively, focus efforts on the most meaningful priorities, and create a clear business case that reinforces a true culture of organic integrity.
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EMPLOYEE EXPERIENCE, EMPLOYEE ENGAGEMENT
Businesswire | March 28, 2023
Securian Financial is continuing to strengthen its position in the employee benefits market.
The company announced today that its Houston, Texas-based benefits administration subsidiary, Empyrean Benefit Solutions, has acquired Enspire, an employee communication and engagement platform headquartered in Austin, Texas.
Through the acquisition, Empyrean adds an expanded people-centric dimension to its innovative benefits administration technology and compassionate support services. Called +YOU, the new solution integrates Enspire’s employee communication and engagement technology with Empyrean’s benefits administration platform to become a fully customizable and employer-branded people experience—a single front door to an employer’s suite of tools for employee productivity, wellness, communication and benefits.
“This acquisition will accelerate Empyrean’s mission of connecting benefits and enriching lives while helping clients build their own culture through benefits,” said Sid Gandhi, Securian Financial executive vice president of Employee Benefits Solutions and Empyrean board chair.
“Enspire and Empyrean’s capabilities are an important part of Securian Financial’s broadening set of solutions for employers’ benefits programs, including group insurance and voluntary benefits as well as enrollment and engagement,” said Gandhi.
Securian Financial acquired Empyrean in 2019. Founded in 2006, Empyrean has more than 700 employees working at its Houston headquarters and in offices in Nashville and Minneapolis. More than 400 employers and 5 million participants use Empyrean’s platform.
Securian Financial is the third-largest direct writer of group life insurance in the United States1 and also offers group accidental death and dismemberment (AD&D) and supplemental health insurance products to employers nationwide.
ABOUT SECURIAN FINANCIAL
At Securian Financial, we’re here for family. And we’re here because of it. We’re guided by our purpose of helping customers build secure tomorrows. Since 1880, we’ve been building a uniquely diversified company that has outlasted economic ups and downs while staying true to our customers. We provide insurance, investment and retirement solutions that give families the confidence to focus on what’s truly valuable: banking memories with those who matter most. For more information about Securian Financial, visit securian.com or follow us on Facebook, Twitter or LinkedIn.
ABOUT EMPYREAN BENEFIT SOLUTIONS
We believe that everybody deserves a workplace culture that supports their total well-being through benefits. Since 2006, Empyrean has provided hundreds of employers of varying size, industry and benefit plan complexity with the innovative technology and best-in-class service necessary to accelerate their benefits strategies and bring their benefits programs to life. Empyrean’s platform and services are designed to create connected employee benefit experiences that enrich lives, strengthen employer brands and improve workplace cultures for over 5 million people. With our +YOU solution, clients can deliver a holistic employee experience to help HR and benefit leaders simplify the work technology stack for all of the HR initiatives designed to improve employee productivity, well-being and retention. Visit us at goempyrean.com.
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EMPLOYEE BENEFITS, PAYROLL
PRnewswire | March 24, 2023
PrimePay, LLC., a national human capital management (HCM) technology leader, today announced the launch of its Payroll-Connected On-Demand Pay in partnership with Clair, an embedded financial wellness solution that helps employees cover expenses in the moment. Clair is connected to PrimePay's payroll and HR technology, streamlining earned wage advance loans without disrupting working capital or payroll administration.
According to SCORE, a Small Business Administration resource partner, employment challenges have overtaken financing and acquiring customers as the number one challenge keeping business owners up at night. In a recent study by Ernst & Young*, nearly 60% of employees would view a prospective employer more favorably if on-demand pay was part of a new job offer. Flexible on-demand pay is a fast-growing job perk that employers can offer prospective and current employees at no cost.
"Whether it's medical bills, car repairs, or an extra credit card payment, our employees now have access to their money when they need it, if they need it," said Chief Performance Officer Patrick O'Hara at EverView, a PrimePay client.
In the first 45 days of EverView's usage of the offering, the adoption rate exceeded 10%.
Key Features Include:
Payroll-Connected - Fully Integrated On-Demand Pay
No disruption to payroll administration
No cost to employers
No cost or service fees to employees
Easy-to-use employee self-service mobile app
"The worker shortage has hit small businesses hard, forcing employers to find new ways to attract and retain talent," said Scott Johnson, Chief Executive Officer of PrimePay. "Our new On-Demand Pay offering, powered by Clair and originated by Pathward, N.A., streamlines earned wage access for employers and gives workers the flexibility of accessing a portion of their earned wages to cover costs before payday."
About PrimePay
PrimePay®, founded in 1986, is a payroll service and human capital management (HCM) provider, offering solutions that empower businesses to focus on what matters most. We deliver highly configurable HR and payroll solutions designed to create efficiencies and to maximize compliance for our clients across our nationwide presence. To learn more, visit primepay.com.
PrimePay is backed by Aquiline Capital Partners, a private investment firm based in New York and London with $8.7 billion in assets under management that invests in businesses globally across financial services and technology.
About Clair
Clair is a New York-based mission-driven financial technology company that is breaking the paycheck-to-paycheck cycle by offering free On-Demand Pay to America's workforce. Clair embeds seamlessly into human capital management and workforce management platforms and enhances the overall employee experience. For more information, visit getclair.com.
About Pathward®: Pathward®, N.A., a national bank, is a subsidiary of Pathward Financial, Inc. (Nasdaq: CASH). Pathward is a U.S.-based financial empowerment company driven by its purpose to power financial inclusion. Pathward strives to increase financial availability, choice and opportunity across our Banking as a Service and Commercial Finance business lines. The strategic business lines provide end-to-end support to individuals and businesses. Learn more at Pathward.com.
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