TALENT MANAGEMENT,EMPLOYEE ENGAGEMENT
Qualtrics | July 29, 2022
Qualtrics (Nasdaq: XM), the leader and creator of the experience management category, today announced that hundreds of organizations worldwide, including M&T Bank and Merck KGaA, Darmstadt, Germany, selected its employee experience solutions in the second quarter of 2022 as companies look to attract and retain the best talent, increase employee engagement and improve productivity.
“Right now, organizations across the world face economic uncertainty and are laser-focused on retaining their top talent, Companies that are able to create and preserve a happy, engaged and productive workforce differentiate themselves by listening to, understanding and acting on the needs of their employees in real time — and Qualtrics’ Employee Experience platform allows them to do so at scale.”
-Brad Anderson, Qualtrics’ President of Products and Engineering.
Retaining top performers is the No. 1 priority of most C-suite leaders, according to a recent Qualtrics study, and 72% of executives say they’ll spend more on staffing and retaining their workforce in 2022 and beyond — up from 62% a year ago. Economic shifts can cause employees to become distracted, disengaged and burned out, so companies must take action to keep their best employees engaged and productive.
With Qualtrics’ EmployeeXM™, companies can listen to their employees in real time to understand what specific and individual needs they have, then take action. Doing so, engenders trust, in turn helping companies retain employees. In fact, of those who say they’re planning to stay with a company for more than three years, 81% say they trust their manager. Only 49% of those who plan to stay for less than a year say they trust their manager.
In the second quarter, the following organizations chose Qualtrics to better understand their employees’ emotions, efforts and intent in order to create more personal and empathetic experiences:
As a purpose-driven, community bank with approximately 1,000 branches and 22,000 employees, M&T Bank (M&T) knows that listening to employees and empowering them to make a difference in their communities is key to the success of their brand, as they grow and adapt to increasingly digital industry standards. Following its recent acquisition of People’s United Bank, M&T expanded its existing Qualtrics CX program in Q2 with Qualtrics EX solutions. By approaching experience management holistically across customers and employees, M&T aims to better address employee needs so they can continue to focus on delivering exceptional customer service and help their communities thrive.
Qualtrics extended its relationship in Q2 with German healthcare, life science, and electronics multinational, Merck KGaA, Darmstadt, Germany, which employs 57,000 people across 66 countries. As the company continues to invest in using experience data and insights to foster its employee experience, it chose Qualtrics EmployeeXM to further enhance its employee and leadership development program. The program is designed not just to provide development feedback and suggestions to the individual, but also to detect skills and culture gaps across the organization for it to address.
Qualtrics, the leader and creator of the experience management category, is changing the way organizations manage and improve the four core experiences of business—customer, employee, product and brand. Over 16,750 organizations around the world use Qualtrics to listen, understand and take action on experience data (X-data™)—the beliefs, emotions and intentions that tell you why things are happening, and what to do about it. The Qualtrics XM Platform™ is a system of action that helps businesses attract customers who stay longer and buy more, engage employees who build a positive culture, develop breakthrough products people love and build a brand people are passionate about.
HR ANALYTICS,HR STRATEGY
Culture Partners | September 28, 2022
Culture Partners and UKG have formed a strategic collaboration to help organizations activate culture to create more people-centric experiences, further driving and sustaining business growth. This partnership marries UKG award-winning HCM solutions with Culture Partners' research-based culture management strategies, delivering a unique combination designed to guide organizations through culture transformation initiatives to elevate performance and achieve measurable results. This alliance represents an unmatched combination of culture alignment strategies that will provide businesses and their people with the opportunity to reach their full potential.
"Culture is what ultimately determines business performance and success, This alliance with UKG will help organizations navigate the critical intersection of employee behavior and company process, policy, and technology, in order to more successfully navigate high impact culture change initiatives."
-Joe Terry, CEO at Culture Partners
Culture Partners is a leader in results-driven culture transformation. Using human industrial-organizational psychological methods, Culture Partners helps organizations embark on a Culture Journey that activates research-based tools, methods, and intentions to cultivate employee ownership through experiences, beliefs, and actions. UKG is a leader in HCM cloud solutions, and its differentiated Life-work Technology™ approach to HR, payroll, and workforce management solutions for all people helps organizations anticipate and adapt to their employees' needs beyond just work.
In addition to the strengths of UKG and Culture Partners in driving engaged culture is the expertise of the Great Place to Work Institute, which UKG acquired in 2021. Great Place to Work helps organizations with employee-centric insights that can be combined with UKG HCM solutions and Culture Partners' data-driven approach to assess, benchmark, and enhance culture by improving organizational health, elevating the life-work journey, and giving an even greater voice to the employee.
Our Life-Work Technology approach to solution design provides autonomy, flexibility, and purpose to people while fostering skills development and creating high-performing teams that drive business success, For the same reasons we brought Great Place to Work into the UKG family, this collaboration with Culture Partners continues our journey to bring organizations access to research-based strategies and consulting services to create workplaces where all people can find purpose and a sense of belonging,said Patrick Lannon, Vice President of Global Alliances at UKG.
Getting a Return-On-Culture is possible if you can activate it swiftly and correctly, Aligning our two companies through technology will bring together the best of AI-powered tools and human-centered insights to accelerate the reach and impact of both Culture Partners and UKG and guide all our clients in getting real business results with employees who feel fulfilled,said Dr. Jessica Kriegel, Chief Scientist of Workplace Culture at Culture Partners.
About Culture Partners
For more than 30 years, Culture Partners has been a leader in results-driven culture transformation for thousands of organizations globally. Using human industrial-organizational psychological methods, Culture Partners helps organizations embark on a Culture Journey that activates research-based tools, methods, and intentions to cultivate employee ownership through experiences, beliefs and actions. Its holistic culture management frameworks have curated performance-driven cultures for some of the world's most powerful brands, including Ford Motor Company, Bayer, Tiffany & Co., Johnson & Johnson, Hormel, Lockheed Martin, and thousands more.
beqom and Tandem | September 05, 2022
beqom, the total compensation management solution, today announced the acquisition of Our Tandem, a continuous performance management platform that drives people development through personalized feedback, coaching, and goal setting. This industry-first move aligns personalized rewards with meaningful behaviors, goals, and skills, transforming how companies reward and recognize their people, attract and retain top talent, and address pay equity and transparency.
With over 65% of US workers and 73% of UK workers seeking new employment in the last year and increasing public pressure to address pay disparities caused by inflation, hybrid work, and other factors, companies can no longer hold on to outdated compensation and rewards models. In order to retain and attract employees, brands are shifting to a people-centric compensation approach and prioritizing tools that have a meaningful impact on employee journey touchpoints while ensuring overall employee costs are transparent and optimized.
The combination of beqom and Our Tandem provides a continuous performance and rewards solution that offers personalized rewards aligned to real-time performance data and feedback, skills, behavior, and goals along the employee touchpoints, giving employees a feeling of purpose and engagement. This one-of-a-kind solution ensures that rewards are individualized, fair, and within budget through a powerful optimization and governance engine.
Our Tandem was established in 2016 in response to a market gap for which there was no complete solution: total performance management software. Founded by Aisling Teillard and Clare Bonham – both HR experts and HRIT professionals – the platform was designed to be a comprehensive, sustained feedback solution that fosters more personalized, meaningful, and engaging experiences for both employees and managers.
“Our Tandem has been a leader and a supporter of the shifting needs of individual organizations and the workforce, and we are ready to take our next step and join forces with beqom, I have no doubt that the combined power of these two solutions will further transform how organizations manage and reward employees along their journey and build happier higher performing teams.”
-Aisling Teillard, CEO of Our Tandem
This acquisition represents an exciting step forward, not just because of the combination of the products, but because of the combination of the people. We found in the Our Tandem team a perfect match with the beqom culture, beqom’s vision has always been to help customers effectively leverage their talent to drive their business, so combining Our Tandem’s innovative continuous performance solution with our unique total rewards platform offers a true breakthrough in employee management,said Fabio Ronga, CEO of beqom.
The companies will continue to operate under their respective brands while placing focus on integrating and growing both the Our Tandem and beqom teams and accelerating the combined product roadmap.
The acquisition was led by beqom and Sumeru Equity Partners, a technology-focused growth capital firm that first backed beqom with a significant strategic investment. Venero Capital Advisors served as the financial advisor to Our Tandem.
beqom provides a cloud-based compensation management solution that unifies all compensation and rewards processes on a single platform, from salary and bonus to deferred incentives and sales commissions. Designed to meet the sophisticated needs of leading enterprises, beqom enables companies to attract and retain talent, engage and motivate employees, control costs, streamline processes, and ensure fair and compliant pay. beqom integrates seamlessly with core HCM software, providing the best-of-breed capabilities needed to implement effective compensation strategies worldwide, without compromise. beqom is used across all industry sectors by leading global companies.
About Our Tandem
Our Tandem’s dual-purpose performance platform coaches both managers and employees to ignite and sustain workplace cultures that inspire. The solution empowers employees to unlock their potential and performance while supporting managers to accelerate their coaching capabilities. Delivering an engaging experience, through crowdsourced real-time feedback, regular check-ins, configurable performance review templates, and a unique 360 development experience, Our Tandem delivers a truly transformative performance management experience.