EMPLOYEE EXPERIENCE, PAYROLL
Melita Group | October 07, 2014
Melita Group, a leading Benefits and HR Services company, announced today the expansion of its services portfolio with three new turnkey service packages BenefitsComplete™, HRComplete™ and HRStrategy™. The new suite of products will help small and mid-sized businesses manage their critically important, but labor intensive HR, Benefits and Payroll functions while enabling Human Resources to become a strategic force driving their business growth.
Taking a modern approach, Melita provides the market with a compelling combination of technology and personalized expert services, the optimal balance of the key components necessary to manage the new complex world of HR, Benefits & Payroll. In this newly announced services portfolio, Melita’s team of HR and employee benefit experts act as the customer’s HR and/or Benefits departments, taking over time-consuming tasks and building a foundation for growth and results.
“Today’s CEOs and business leaders understand the impact of investing in their people and that starts with building a scalable infrastructure. There is a void in the small and mid-market for a comprehensive, flexible, affordable, high quality solution for outsourcing HR, Benefits and Payroll,” said Paul Mifsud, President & CEO of Melita Group. “We are excited to bring our unique solutions to the market to address this void and help our clients grow and prosper.”
Similar to PEOs, Melita’s services are complete and turnkey. But unlike PEOs, Melita’s packages are not one-size-fits-all in that the services are tailored to the specific needs of the client. As the client’s business grows, the package is adaptable to allow for a smooth transition when the client hires their own HR team. Melita’s team includes highly accomplished HR executives who work directly with CEOs to help chart a strategic HR road map for growth that aligns with the company’s goals. This approach allows Melita to provide Fortune 500-like resources and expertise to the small and mid-sized market at an affordable cost.
Need for Technology Enabled Personalized Services in HR Industry
“Self-serve secure access to critical information from any place, using any device at any time is a requirement for today’s tech-savvy businesses,” said Sathyan Iyengar, CTO of Melita Group. “User experience is paramount for Melita and using the latest cloud-based SaaS technologies, Melita’s new suite of services provides both employees and employers with instant access to the latest Benefits and HR information with easy-to-use dashboards, alerts and reports through a convenient web portal.”
The newly announced Melita suite of services BenefitsComplete™, HRComplete™ and HRStrategy™ is available starting today. All of these services share a common principle: to help Melita’s clients succeed by innovating, serving, and supporting their Human Resources and Employee Benefits needs.
BenefitsComplete™ is an all-in-one benefits solution, combining the perfect blend of expert advice, robust technology, and hands-on support to elevate the customer’s benefits program to the next level, all without an increase to the budget.
HRComplete™ is a fully outsourced HR, Benefits and Payroll solution designed to fit the client’s unique needs. Melita’s management of the key administrative functions contributes to the customer’s ability to compete for top talent, protect the business from risk, and better serve employees.
HRStrategy™ builds on the solid foundation of HRComplete with the addition of an executive-level HR/Business Advisor to work with the C-Suite to develop a comprehensive HR strategy to set the Client’s business on a path for enduring success.
When HR becomes a strategic force driving the business, there’s no limit to what companies can achieve. With the help of Melita’s team of experts, customers can attract top talent, build an environment in which employees can thrive and focus on what matters most.
About Melita Group
Founded in 1993, Melita is a leading Benefits & HR Services company, serving and building lasting relationships with Northern California employers across all industries and company sizes. With over 300 active customers, and a reputation for integrity and service excellence, the company has been helping clients succeed by innovating, serving, and supporting their Human Resources and Employee Benefits needs. For more information about Melita Group, please visit www.melitagroup.com.
TALENT MANAGEMENT, HR STRATEGY
Businesswire | March 29, 2023
OpenComp, the leading end-to-end compensation software provider, today released a new solution to help HR confidently deliver adjustments that retain teams 16% more often while keeping people managers within budget and on policy. Comp Cycles simplifies traditionally chaotic collaboration across stakeholders to reduce the time spent on merit cycles by 50%, while surfacing critical insights that drive more equitable, on-policy adjustments.
HR and people leaders can spend months completing merit cycles. Despite their efforts, manual tracking of historical compensation data and proposal reconciliation still result in increased attrition from delayed, inaccurate or missed adjustments. Plus, wage gaps are exacerbated by subjective, out-of-policy proposals made without data.
OpenComp Comp Cycles reduces the time spent running a merit cycle by 50% by providing HR and managers a one-stop shop for adjustments – operating faster, collaborating seamlessly and basing decisions on data. Comp Cycles offers smoother workflows and approvals, makes collaboration easier between HR and managers, and surfaces important data to keep adjustments impactful, equitable and on budget. As a result, OpenComp customers experience a 16% increase in their retention rate.
“Every delay in merit cycles causes frustration between HR and people managers, takes teams away from other projects and drives up attrition — costing businesses at least one-third of an employee’s salary every time one quits,” said Thanh Nguyen, CEO and co-founder, OpenComp. “Comp Cycles sets guardrails for people managers to propose adjustments within budget and policy based on performance criteria, so HR can escape admin hell and instead focus on its strategic role in the modern organization.”
Comp Cycles delivers seamless adjustments by:
Aligning HR, people managers and executives in a fully transparent, collaborative workspace
Surfacing critical data at the point of decision, such as gender-based DEI analysis, performance reviews, pay ranges for each role/level change and peer salaries
Reducing cycle preparation to minutes with centralized budget distribution, automated employee assignments, and optional employee eligibility requirements
Delivering guardrails, timelines and criteria to all budget owners
Streamlining the approval process with rules-based approval flows and automated notifications
“Our data show that compensation has become a more strategic lever in the last year or two for employers, and many are putting more effort and emphasis on decisions backed by data,” said Ben Eubanks, chief research officer, Lighthouse Research & Advisory. “The new Comp Cycles tool from OpenComp powerfully achieves that, weaving in DEI insights, transparent communication, and more. As a leader who has struggled through the spreadsheet chaos that compensation adjustments often represent, I found the real-time visuals and policy guardrails particularly valuable. Tools like Comp Cycles help to level up the professionalism and capability of compensation practices in the eyes of key stakeholders and business leaders, ultimately driving more strategic talent decisions overall.”
Employers and employees use OpenComp to get clarity at the point of every compensation decision. Together, they’re pioneering a new standard for compensation: one that’s competitive, equitable and scalable.
With OpenComp’s Compensation Intelligence Platform, business and HR leaders optimize compensation program effectiveness with benchmarking, design, and activation tools. Managers, recruiters, employees, and candidates use OpenComp to make the best compensation decisions for themselves and their teams.
Founded in 2021 by Salesforce’s founding HR team, OpenComp is backed by J.P. Morgan, TIME Ventures (the investment fund for Marc Benioff), 8VC, and more. The company was recognized as no. 8 on Fast Company’s Most Innovative Companies of 2023, in the Workplace category. Get started for free at www.opencomp.com, where tiered pricing and services are also available.
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.