Paychex | September 16, 2022
NelsonHall, a global analyst and research firm, has once again identified Paychex, Inc., a leading provider of integrated human capital management software solutions for human resources, payroll, benefits, and insurance services, as a "Leader" in its 2022 NelsonHall Vendor Evaluation and Assessment Tool (NEAT) report for payroll service providers. This is the sixth consecutive time Paychex has been positioned in the upper right quadrant of the NEAT graph with a leader designation.
"Paychex is a Leader in the Comprehensive Payroll Capability and Digital Payroll Capability market segments, clearly demonstrating that it can change with the times through constantly improving and offering additional tools for payroll quality and compliance. Its payroll technology is one of the most advanced, bringing benchmarks as well as digital service enablement, and is complemented by a highly responsive and high-quality customer support model. Paychex clients benefit from having improved insights and greater visibility of data as well as improved accuracy and timeliness of payroll."
-Liz Rennie, NelsonHall's HR Technology & Services Research Director
NelsonHall's 2022 NEAT report evaluated 24 payroll services vendors based on two criteria: (1) ability to deliver immediate client benefits and (2) ability to meet clients' future requirements. Paychex was positioned highly in the "Leader" category, fulfilling both criteria.
We are proud of our 50-year track record of successfully helping American businesses pay their employees through simple and intuitive technology and highly professional services, Receiving recognition from firms like NelsonHall is another indication that we are building on our payroll foundation to offer innovative services that not only meet the current needs of our customers but offer solutions that will address future business challenges,said Tom Hammond, vice president of corporate strategy and product management at Paychex.
Over the past year, Paychex has added several new payroll features to its comprehensive HCM platform Paychex Flex®. These additions include:
Paychex Pre-Check, which allows employees to preview their paycheck on a device of their choice to confirm its accuracy before payday.
Compensation Summary Reports, which allows employees to view their compensation, including health insurance contributions, retirement contributions, bonuses, and other benefits.
Diversity and Equal Pay Live Report, which builds on the company's recently released EEO-1 compliance solution to enable administrators to analyze pay and diversity data.
Paychex Flex Labor Cost Hub, which offers customers and CPAs a holistic view of payroll labor job cost and labor distribution to highlight the long-term impact of pay decisions.
These new features help drive payroll efficiency for business leaders with varying needs, whether they are HR managers charged with recruiting and retaining talent or business managers looking to save time with administrative tasks. Employees can also benefit from the flexibility of payroll solutions within Paychex Flex®.
Attendees of the 2022 HR Technology Conference & Expo, September 13-16, in Las Vegas can stop by the Paychex booth (#3410) to learn more about how Paychex HCM solutions, including payroll, work in conjunction with support from industry-leading HR coaches and best-in-class service to deliver a superior customer experience. Paychex experts will also present two in-person educational sessions during the conference highlighting the technology solutions available for today's HR professionals and how businesses can make decisions with HR analytics and reporting.
NelsonHall is the leading global analyst firm dedicated to helping organizations understand the 'art of the possible' in digital operations transformation. 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.
Paychex, Inc. is a leading provider of integrated human capital management solutions for human resources, payroll, benefits, and insurance services. By combining innovative software-as-a-service technology and mobility platform with dedicated, personal service, Paychex empowers business owners to focus on the growth and management of their business. Backed by 50 years of industry expertise, Paychex serves more than 730,000 payroll clients as of May 31, 2022 in the U.S. and Europe, and pays one out of every 12 American private sector employees.
HR PRACTICE,EMPLOYEE ENGAGEMENT
Eden | August 08, 2022
Eden, the all-in-one people operations platform for employee-centric companies, today announced the launch of its People Success suite of tools with its new Performance Management product. The launch marks the expansion of Eden's product suite beyond hybrid workplace tools, enabling Eden to be the first software vendor that helps companies manage both their workforce and workplace.
With 40% of workers disengaging when they receive little to no feedback, performance management is a critical process for any high performance organization. Consistent feedback and reflection help employees hone in on their strengths, understand their areas for growth, improve at their current role, and create a compelling vision for their careers. Companies that have continuous performance processes are 44% better at retaining talent, but managing the performance review process is one of the most challenging and time-consuming parts of the job for HR teams. Eden's Performance Management product makes these feedback cycles simple and easy for everyone involved – from people teams and managers to employees.
"Providing opportunities for structured personal and professional growth is critical to the success of any high-performance organization, Eden's Performance Management product enables modern companies to empower their team members' growth through feedback and self-reflection, unlocking the potential of people and organizations."
-Joe Du Bey, co-founder and CEO of Eden
Eden's Performance Management solution will simplify the feedback cycles and processes for all stakeholders involved, including:
HR and people teams, who can set up new review cycles through Eden's Performance Management product, customize questions and processes, view employee analytics, and maintain historical performance data to analyze trends across the organization.
Managers, who can leverage the solution to assign peer reviews to employees at all levels and monitor team performance.
Employees, who are able to use Eden's solution to complete their self-assessments, view their feedback, goals and areas of improvement, and provide feedback to their peers.
Whether it's creating and distributing performance reviews, effectively measuring employees' progress against their individual goals, or arming managers with the tools they need to improve their employees' performance, Eden's Performance Management software ensures that companies have the right technology in place to prioritize their people and scale their HR processes.
The future of work is employee-centric, In order to achieve high performance, organizations need to prioritize and care for their employees and provide them with the tools and opportunities they need to succeed at their current jobs and broader careers. Eden's Performance Management product will help high-growth companies be exceptional places to work,said Du Bey.
Performance Management is the first product in Eden's People Success suite of software. In addition to its new People Success suite, Eden offers a Flexible Office suite of tools, which includes Desk Booking, Visitor Management, Room Scheduling, COVID Team Safety, and Internal Ticketing and Deliveries.
Eden is the all-in-one people operations platform that helps your team work wonders. With its People Success suite, Eden makes it easier for your team to conduct performance management in an employee-centric way. With its Flexible Office suite, Eden ensures your company can run a high-performance hybrid workplace with tools that include desk booking, conference room scheduling, visitor management, deliveries notifications, and more. Eden is based in San Francisco and New York, and investors include Y Combinator Continuity, Bessemer Venture Partners, Fifth Wall, S28 Capital, JLL, ENIAC, SV Angel, and more. Eden's mission is to create a better place to work, for everyone.
OnShift, Inc. and Payactiv, Inc. | October 06, 2022
OnShift, a leader in human capital management software for post-acute care and senior living, in partnership with Payactiv, the leading earned wage access and financial wellness platform today announced they are waiving standard Earned Wage Access (EWA) fees for users of OnShift’s financial wellness solution, OnShift Wallet. This includes making several EWA delivery options, including ACH, completely free for users of OnShift Wallet when accessing their earned wages between paychecks.
At the onset of the COVID-19 global pandemic in 2020, OnShift and Payactiv had waived EWA fees to help healthcare employees during a period of uncertainty. With this release, EWA becomes even more accessible and stress-free for senior care employees.
“Earned wage access is a crucial benefit for senior care where many employees live paycheck to paycheck, We’ve heard countless stories about how OnShift Wallet is helping caregivers in times of need. In partnership with Payactiv, we are proud to eliminate access fees to further support the senior care workforce.”
-Jim Rubadue, Chief Operating Officer, OnShift
In addition to fee removal, the latest release of OnShift Wallet has an enhanced user experience and user benefits, including:
SmartSave tool to set financial goals and automatically save a portion of earned wages
Free 1:1 financial counseling & content dedicated to financial literacy
Peer-to-peer payments feature
Integration with Uber to book rides using earned wages
Expanded automatic bill payment services compatible with 75,000+ billers
Added discount offerings on movie tickets, gas & more
By partnering with OnShift to provide additional free ways for the senior care workforce to access their earned wages, we’re doubling down on our mission to bring security, dignity, and savings to the millions of workers experiencing financial stress, said Safwan Shah, Founder and CEO at Payactiv.
OnShift Wallet is free for all OnShift customers and integrates seamlessly with OnShift’s workforce management solutions. So far this year, users of OnShift Wallet have conducted nearly 532,000 transactions resulting in more than $54.7 million in earned wages accessed.
OnShift Wallet users routinely complete surveys to provide greater insight into their timely access to earned wages. So far this year, survey results revealed:
91% intend to spend the funds on bills, groceries, rent and unexpected expenses
76% avoided paying bank overdraft fees, late payments, payday loans or other fees
90% would recommend their workplace to a friend
95% would recommend OnShift Wallet to a friend or colleague
About OnShift, Inc.
OnShift’s next-generation human capital management platform fundamentally transforms the relationship between healthcare organizations and their employees. Our innovative approach to recruitment, hiring, workforce management, pay and engagement fosters a culture where people want to work. That’s why thousands of healthcare organizations rely on OnShift’s integrated suite of software and services to dramatically reduce turnover rates, decrease costs and improve the quality and continuity of care.
About Payactiv, Inc.
Payactiv, an award-winning certified B-Corp, is the leading provider of Earned Wage Access, offering a suite of financial wellness services designed to empower people to participate in the economy they helped create. Our platform and digital wallet serve 2000+ businesses and level the playing field for millions of workers who struggle with cashflow between paychecks.
Payactiv is also the winner of the “Best Innovative or Emerging Tech Solution” at the 2022 HR Tech Awards, a Silver Stevie® Award for our “All-in-One Digital Wallet and Livelihood Platform”, and “Best Wellness Program” award at the California Excellence HR Awards.