EMPLOYEE BENEFITS,WORKERS COMPENSATION
Innovation Minds | November 23, 2022
Innovation Minds, a Silicon Valley-based company, announced today the launch of their new Rewards-as-a-Service solution. With this solution, Innovation Minds is enabling companies to offer their employees tailored reward options in order to increase talent retention and satisfaction.
Motivating and rewarding employees is one of the top challenges facing organizations today. In fact, according to a recent survey, more than 60% of respondents say their company struggles to motivate and retain top talents. The Innovation Minds team is uniquely positioned to help companies with this challenge by providing personalized rewards service that creates experiences where employees are engaged and motivated throughout the day.
With this solution, companies can customize rewards based on data insights, such as reward preferences and demographics. It offers a self-service platform to let companies update or make changes to their rewards program for their employees. It also allows employees to get real-time notifications when they earn a reward and they can redeem it on their device with just a click, creating a seamless and enjoyable experience for employees.
"We believe this is an important step forward in helping employers create a more elevating work environment, Innovation Minds is focused on helping businesses create positive and engaging employee experiences. By making the rewards experience easier and more enjoyable, we are helping our customers deliver more value faster."
-Innovation Minds CEO Bala Balasubramaniam
The Innovation Minds team integrated their patented concept ‘Earn-Your-Pride-To-Reward-Your-Peers’, an innovative framework that allows employees to exchange appreciation for each other’s contribution, encouraging employees to make deep, personal connections with their team members and see how their position affects the work of others. Mike Lella, Head of Business Development added, The idea of receiving reward from an accomplished peer is much more meaningful than simply receiving recognition from management alone. Simultaneously, this notion is also encouraging a self-sustainable culture of engagement because the awardees get to enjoy the privilege of earning AND giving.
The solution features a wide range of reward options that supports 594 global brands, 45 countries and 28 currencies, customizable for each company's specific needs while being aligned with their company values. It also provides HR teams and managers with tools to measure the success of their campaign and track results.
We understand that rewards are often not enough to keep your employees motivated at work. It's about more than just giving out candy it's about creating an environment that makes work rewarding in itself. This latest upgrade will allow us to support even more companies in their efforts to drive employee engagement and retention, said Maria Bolo, Head of Customer Success at Innovation Minds.
WORKFORCE MANAGEMENT,EMPLOYEE EXPERIENCE
AspireHR | November 24, 2022
AspireHR, an SAP Gold Partner and turnkey HR systems integrator with proprietary HR software and long-term managed services, has been recognized by the Dallas Business Journal and SMU Cox School of Business as one of the fastest-growing companies in North Texas.
The Dallas Business Journal’s eighth annual Middle Market 50 list honors the top fifty fastest-growing private and public companies based in Dallas-Fort Worth. Each company is nominated based on revenue growth from the last three years and eligible businesses have annual revenues between $10 million and $1 billion.
The Caruth Institute for Entrepreneurship at SMU’s Cox School of Business ranks the top 100 companies across North Texas based on growth in revenue over the previous three years. The companies recognized on this list grew by an average of 141% and generated revenues exceeding $4.5B in 2021.
“Our team is amazing, and I appreciate the passion they bring for our clients’ success. AspireHR’s growth strategy over the past several years reflects a healthy balance across systems implementation projects, our new proprietary HR talent software, and managed services that help us increase long-term value for our customers, North Texas has one of the fastest growing economies in the nation, so it’s a great honor to be recognized among the most innovative and successful companies in the Dallas-Fort Worth area.”
-Kevin Chase, President and CEO of AspireHR
AspireHR delivers the power of the Cloud and Human Capital Management (HCM) to empower employees with improved mobile technology, simplify HR business processes, provide strategic organizational insights, and enable increased long-term business value. AspireHR leverages modern HR innovations for our clients’ future success, and is proud to be a WBENC-certified, woman-owned, SAP Gold Partner.
About the Middle Market 50™
The Middle Market 50 list is an annual research project the Dallas Business Journal conducts ranking the fastest-growing companies in Dallas-Fort Worth based on revenue growth over a three-year period for companies that have between $10 million to $1 billion of annual revenue.
About the Dallas 100™
For 32 years, the Caruth Institute for Entrepreneurship at the SMU Cox School of Business and the Dallas 100™ sponsors have celebrated the innovative spirit, determination and business savvy of area entrepreneurs. We have saluted the diversity, creativity and resolve it takes to create and sustain a successful business in today’s hyper competitive environment.
HR PRACTICE,DIVERSITY AND INCLUSION
Joshin | November 23, 2022
Joshin, a digital support platform for disability and neurodivergence in the workplace, has rolled out a comprehensive employee benefits program to support companies, employees, and their families with virtual coaching, on-demand training and personalized navigation support. The offering meets a critical need among companies developing initiatives to hire neurodivergent talent and looking to incorporate disability and neurodivergent support systems for the entire workforce.
Joshin has been offering disability support services since 2020, and expanded their services this year to accommodate a growing need in the enterprise market. Since starting the enterprise program, they have engaged more than a half dozen corporations, including Best Buy.
According to estimates, unemployment rates are close to 30% to 40% for neurodiverse talent. This is a huge untapped talent pool for companies.
“Implementing workplace support for disability and neurodivergence creates a culture where everyone belongs, and only 4% of companies are focused on disability inclusion through their DEI efforts, Disability inclusion in workplaces isn’t just the right thing, it impacts the bottom line.”
-Melissa Danielsen, CEO of Joshin
The Global Business Coalition for Education found that organizations that are most focused on disability engagement, as measured through their DEI scores, were growing sales 2.9 times faster and garnering profits 4.1 times faster than their peers. Joshin offers employees direct access to a network of specialized caregivers, as well as virtual 1:1 coaching on such topics as: supporting a new diagnosis, special education planning, nutrition, and disability in the workplace. The offering includes disability educational resources and webinars to help companies unlock the power of diversity and employee belonging.
Best Buy has always been committed to the well-being of its workforce and this disability care benefit allows us to break new ground in caring for the needs of our workforce, Joshin’s innovative program allows us to further our commitment to an inclusive workplace where everyone feels welcome and supported,said Charlie Montreuil, SVP of HR Rewards at Best Buy.
As a Best Buy employee, I am thrilled that Best Buy will be offering this much needed benefit to caregiving employees who are connected to disability and neurodivergence. It’s been an amazing support for my family. Our son has Down syndrome and autism, and it’s been very challenging to navigate finding the right support. I can’t say enough about the quality of Joshin and how easy it is to use, said Sara Sagedahl, who works in social media marketing at Best Buy.
There are 1.3 billion people globally with a disability and 39.8 million caregivers providing care to adults with a disability or chronic illness. And diversity affects workplaces far more than many people or companies recognize. According to the Center for Talent Innovation, 30% of employees are connected to disability or neurodivergence, and 62% of disabled employees have a non-visible disability. Moreover, 97% of employees with disabilities don’t feel comfortable disclosing their disability to employers—a dynamic that Joshin hopes its comprehensive support system will start to change. In current partnerships, Joshin has created a safe place for employees to self-disclose a diagnosis for the first time and get support and coaching on career, inclusion, and life.
For Best Buy and other companies, Joshin’s offering aims to improve corporate productivity by reducing days lost and improving employee health and well-being. It also transforms employers and their teams into allies by uncovering unmet needs and tailoring educational support.
Joshin partners with organizations to provide sustainable, ongoing support for disability and neurodivergence in the workplace through on-demand training, coaching, and personalized navigation.