COMPENSATION MANAGEMENT, 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.
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.
TALENT MANAGEMENT, EMPLOYEE ENGAGEMENT
PRweb | May 29, 2023
AllenComm, a learning and training industry leader with a 42-year track record of excellence, is demonstrating its continued commitment to serve customers’ needs by expanding its training outsourcing services.
AllenComm has already been providing staff augmentation and human talent resources as a resource to its clients. Building off its deep understanding of the needs of L&D organizations across industries, AllenComm is pleased to provide this enhanced solution to customers seeking to scale their existing teams with AllenComm trained domain experts.
AllenComm CEO Ron Zamir said the company is focusing its efforts in aligning personnel and processes to the specific needs of the clients in industries we serve – including finance, pharma, healthcare, manufacturing, and others. AllenComm will expand support offered for learning applications needed by L&D departments to help customers scale rapidly while assuring they have the expertise in-house to meet organizational needs. AllenComm’s staffing model will be augmented by its large in-house teams of professionals, offering greater flexibility for companies seeking a hybrid staffing model made up of both internal and external resources.
“Providing L&D teams with staff personnel from a group of experienced professionals with knowledge directly relevant to their industry can be a game changer,” Zamir said. “Many teams are understaffed and over-utilized. Our clients choose AllenComm for our domain expertise, tailored approach to meet their needs, and transformational solutions."
For more than 40 years, AllenComm has partnered with Fortune 100 companies to create and scale unique, innovative learning solutions. Extensive instructional design experience, innovative learning technologies, and agency-level creative teams enable AllenComm to stand out in the learning landscape. Considered one of the top ten firms of its kind in the country, AllenComm wins over 40 awards year after year for their transformational learning solutions. With its internal workforce and experience, AllenComm is uniquely positioned in the learning and staffing space to meet multiple needs from small to very large change management projects. Partnering with AllenComm to supplement and support human capital management needs has helped customers reduce expenses, shorten onboarding periods, and raise the impact of their employee training and development efforts.
TALENT MANAGEMENT, TALENT ACQUISITION
PRnewswire | May 30, 2023
Humareso, a leading provider of human resources solutions, is thrilled to announce the launch of its innovative Talent Strategy Consulting offering. Designed to transform the way businesses approach talent management, this new service provides organizations across the United States with strategic guidance and expertise to optimize their talent acquisition, development, and retention processes.
In today's competitive business landscape, organizations face numerous challenges in attracting and retaining top-tier talent. Humareso understands the critical importance of building a strong workforce that aligns with a company's vision, values, and goals. This Talent Strategy Consulting offering is tailored to empower businesses by implementing comprehensive human resources strategies that drive organizational success and foster a culture of excellence.
Humareso's team of seasoned HR consultants brings a wealth of experience and expertise to the table. With a deep understanding of industry best practices, market trends, and regulatory compliance, they collaborate closely with clients to develop customized talent strategies that meet their unique needs. By leveraging cutting-edge tools and methodologies, Humareso helps businesses align their talent acquisition efforts with their long-term goals, ensuring a competitive advantage in the marketplace.
Key features of Humareso's Talent Strategy Consulting offering include:
Talent Acquisition Enhancement: Humareso works closely with organizations to streamline their recruitment processes, identify top talent pools, and implement effective sourcing strategies. Through optimized candidate screening and selection techniques, businesses can build high-performing teams that drive innovation and success.
Performance Management Optimization: By developing robust performance management systems, Humareso helps businesses align individual goals with organizational objectives. This results in enhanced employee engagement, increased productivity, and a culture of continuous improvement.
Leadership Development and Succession Planning: Humareso provides strategic guidance on identifying and developing high-potential employees, ensuring a strong leadership pipeline for future growth. Through tailored training programs and succession planning initiatives, businesses can cultivate the next generation of leaders.
Employee Engagement and Retention Strategies: Recognizing the value of a highly engaged workforce, Humareso assists businesses in designing comprehensive employee engagement programs that foster a positive work environment, nurture talent, and increase employee satisfaction and retention.
John Baldino, MSHRD SPHR SHRM-SCP, President of Humareso, stated, "We are thrilled to introduce our Talent Strategy Consulting offering to businesses across the United States. At Humareso, we firmly believe that a company's success is directly tied to the quality of its talent and its ability to effectively manage and develop that talent. Our experienced consultants are passionate about partnering with organizations to unlock their full potential, and we are excited to help our clients build high-performing teams that drive sustainable growth and success."
Humareso is a leading provider of human resources solutions, offering a range of services designed to empower organizations in the areas of talent management, employee engagement, leadership development, and more. With a team of experienced HR professionals and a commitment to excellence, Humareso partners with businesses to optimize their HR strategies and drive sustainable growth. For more information, visit https://humareso.com.