27 of New York's biggest employers — including IBM, Chase, Amazon — commit to creating 100,000 jobs by 2030

McKinsey & Company | July 16, 2020

More than two dozen of the largest employers in the New York City area are committing to create 100,000 jobs over the next decade. The group of 27 employers — which is calling itself the New York Jobs CEO Council — includes massive companies like JPMorgan Chase, IBM, McKinsey & Co., Amazon.com Inc., Google and Goldman Sachs. The group's focus will be on connecting people in low-income and Black, Latinx and Asian communities to job opportunities. The employers' pledge to hire 100,000 traditionally underserved New Yorkers by 2030 includes creating job opportunities and apprenticeships for 25,000 City University of New York students. "Many New Yorkers are stuck in low-paying jobs that could be lost in the future or are struggling to navigate the labor market as the Covid-19 crisis has further exacerbated the economic inequities in the city," said Jamie Dimon, CEO and chairman of JPMorgan Chase, in a statement. "As companies with a long-standing commitment to the New York area and its residents, we are using our collective power to prepare the city’s workforce with the skills of the future and helping New Yorkers who have been left behind get a foot in the door." Gail Mellow, the former president of LaGuardia Community College in Queens, will be the council's executive director.

Spotlight

What is behavioral economics and how can organizations apply it in employee communications and enrollment processes to increase participation in benefits programs? Steve Wendel, Ph.D., Principal Scientist, Hello Wallet, provides an overview and examples for implementation.

Spotlight

What is behavioral economics and how can organizations apply it in employee communications and enrollment processes to increase participation in benefits programs? Steve Wendel, Ph.D., Principal Scientist, Hello Wallet, provides an overview and examples for implementation.

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COMPENSATION MANAGEMENT

NelsonHall Recognizes Paychex as a Leader in Human Capital Management

Paychex | November 17, 2021

NelsonHall, a leading global analyst and research firm, identified Paychex as a "Leader" in its latest annual NEAT vendor evaluation report for human capital management (HCM). Through a persistent focus on HCM software innovations that meet the new way of working, Paychex, a leading provider of integrated human capital management solutions for HR, payroll, benefits, and insurance services, has placed in the Leader quadrant of the Next Generation HCM Technology report. "Paychex has quietly developed its Paychex Flex technology into a digitally focused platform offering that spans the employee journey and punches above its weight in HCM technology maturity, including robust COVID-related workplace tools. These are paired with an expansive, one-stop-shop for modern HR and payroll solutions and services curated to support the needs of growing small and mid-sized businesses." - Pete Tiliakos, HR analyst and principal Next Generation HCM Technology report author. NelsonHall evaluated 13 HCM vendors in the NEAT report based on two criteria: (1) ability to deliver immediate client benefits and (2) ability to meet clients' future requirements. "As businesses continue to emerge from the challenges of the last 20 months, we're seeing a renewed focus on leveraging human capital management technology to maximize efficiency," - Tom Hammond, Paychex vice president of corporate strategy and product management. Paychex introduced several new capabilities and functions to Paychex Flex, its end-to-end HCM platform, to help support businesses during calendar year 2020 including: HR Conversations – Makes it easier for employees and supervisors to digitally collaborate and communicate, keeping everyone aligned on job activities. HR Connect – Enables employees to digitally submit questions, requests, and incidents directly through an easy-to-use workflow, a benefit as employees continue to work remotely. New compliance dashboards with OSHA and EEO-1 reporting capabilities – Allows employers to capture critical workforce data digitally and create the reporting needed to help fulfill obligations. Paycheck Protection Program (PPP) and Employee Retention Tax Credit (ERTC) tools – Deliver simple and consolidated reports that include the payroll information to help businesses apply for and receive forgiveness for PPP loans, as well as secure retroactive ERTC funding. To date, Paychex has helped customers secure $65B in PPP loans and helped them apply for $6B in tax credits. Pay-on-demand – Improves retention and productivity by helping employees increase their financial flexibility with real-time access to earned income. Real-time payments – Leverages real-time payments through The Clearing House RTP ® network to deliver pay to employees immediately. Paychex is the first HR solutions provider to enable this technology for business owners. Paychex Pooled Employer Plan (PEP) – Designed to take the bulk of plan administration off of employers' hands, the professionally managed pooled employer plan expands retirement plan access by offering a cost-effective retirement savings option for employers of any size. For Dr. Kevin Andrews, owner and chiropractor of True Health and Fitness, partnering with Paychex has allowed his company to not only survive the challenges of the pandemic but thrive as a business. Businesses can learn more about how Paychex HCM solutions work in conjunction with service to deliver a superior customer experience. About Paychex Paychex, Inc. (Nasdaq: PAYX) is a leading provider of integrated human capital management software solutions for human resources, payroll, benefits, and insurance services. By combining its innovative software-as-a-service technology and mobility platform with dedicated, personal service, Paychex empowers small- and medium-sized business owners to focus on the growth and management of their business. Backed by 50 years of industry expertise, Paychex served more than 710,000 payroll clients as of May 31, 2021 across more than 100 locations in the U.S. and Europe, and pays one out of every 12 American private sector employees. About NelsonHall NelsonHall is the leading global analyst firm dedicated to helping organizations understand the 'art of the possible' in IT and business services. NelsonHall provides buy-side organizations with detailed, critical information on markets and vendors (including NEAT assessments) that helps them make fast and highly informed sourcing decisions. And for vendors, NelsonHall provides deep knowledge of market dynamics and user requirements to help them hone their go-to-market strategies. NelsonHall's research is based on rigorous, all-original research, and is widely respected for the quality, depth, and insight of its analysis.

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EMPLOYEE EXPERIENCE

SAP Announces Cloud-Based Time Tracking Solution to Enhance Employee Experience

SAP | December 21, 2020

SAP SE reported the SAP® SuccessFactors® Time Tracking solution. The new cloud-based solution provides organizations with basic, innovative tools to record, support and screen the hour of their workforce. Worked with a natural UI, SAP SuccessFactors Time Tracking upgrades the employee experience and guarantees individuals are paid accurately, on time and as per local regulation. With advanced time and participation capacities, SAP SuccessFactors Time Tracking delivers a real-time view into employees' time section, giving more noteworthy transparency into their pay and better command over their work routine and additional time. Leaders can deliberately follow and limit work costs for both hourly and salaried employees with implanted bits of knowledge and dashboards, assisting with improving profitability all through the workforce. The arrangement incorporates with the SAP SuccessFactors Employee Central and SAP SuccessFactors Employee Central Payroll arrangements and on-premise finance programming from SAP just as with clock terminal coordination administrations. This empowers associations to share applicable information across numerous frameworks to help guarantee exact installments. Besides, the SAP SuccessFactors Time Tracking solution is designed to help worldwide activities with localized time content, including holiday calendars, country-specific pay data and messages in local languages. "The SAP SuccessFactors Time Tracking solution provides employees with the personalization and simplicity they would expect from a consumer-grade experience," said Amy Wilson, senior vice president, HXM Product & Design, SAP SuccessFactors. "At the same time, it delivers the innovation our customers need to manage diverse and global workforces and provides greater flexibility on their journey towards the cloud."

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WORKFORCE MANAGEMENT

LiquidSpace Launches LiquidSpace PRO™ to Support New Enterprise Demands of Work From Anywhere

LiquidSpace | December 08, 2020

Large organizations over numerous enterprises have as of late reported they will allow for remote work indefinitely. The same number of have proclaimed, distant doesn't generally mean work from home, which has brought about more prominent requirement for on-request and committed office alternatives. To fulfill this new need, LiquidSpace, the world's largest flexible office marketplace, has launched LiquidSpace PRO™, a supply platform that solely includes endeavor prepared workspaces. LiquidSpace PRO™ is a vital segment of LiquidSpace Enterprise, the sole Work From Anywhere management platform, which will be turned out officially in the coming weeks. By joining robust Work From Anywhere management technology with the biggest organization of big business grade workspaces, LiquidSpace and its venue partners are enabling endeavors to offer true workplace autonomy. Our network includes notable overhauled office and collaborating suppliers, for example, Serendipity Labs, Premier Workspaces, Office Evolution, WorkSuites, Carr Workplaces, OnePiece and others. The effect of Covid on the office industry will be felt for quite a while. It is presently certain that workplace models are always showing signs of change for organizations, all things considered. As endeavors over a variety of businesses move to more workplace autonomy, it will turn out to be progressively important to approach an enormous organization of office choices.

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