EMPLOYEE BENEFITS, COMPENSATION MANAGEMENT
Businesswire | April 03, 2023
Compt, an employee perk stipend reimbursement platform optimized for today’s more-flexible workplace, today announced the launch of its newest feature, Expense Management. This new tool is designed to simplify expense tracking and management for HR professionals and employees alike, providing a comprehensive, tax-compliant solution for all expense-related needs at a fraction of the cost.
The Expense Management feature is integrated into Compt's existing platform alongside employee stipend reimbursement and rewards and recognition, allowing HR teams to seamlessly manage all employee reimbursements from a single dashboard. With Compt's Expense Management and its seamless integration with leading payroll providers, HR teams can easily keep track of company-wide expenses and ensure that employee reimbursements are timely and accurate.
"As a three-time former CFO, I understand the need to not only simplify the tools employees use but make processes easier and much more cost-effective for finance and HR, as well,” said Compt Founder and CEO Amy Spurling. “We are excited to be the only comprehensive employee reimbursement platform where stipends, rewards and recognition, and now expenses can be easily managed – all at a fraction of the cost of a traditional and limited expense management platform.”
In addition to simplifying the process for HR teams, the Expense Management feature also benefits employees by providing a user-friendly experience. Employees can easily submit expenses through the Compt platform, including uploading receipts and attaching any necessary documentation. With the ability to track their expenses in real-time, employees can rest assured that they will receive timely reimbursements.
"At Compt, our mission is to be a best-in-class reimbursement platform that is not only compatible with HRIS and payroll providers, offers a quality user experience, and is compliant with prevailing security (SOCII and GDPR) and tax laws (IRS), but a singular solution that also offers a more inclusive and personalized experience for HR, finance, and employees alike,” said VP of Product and Operations Joseph Alim. “We believe the new Expense Management feature will be a game-changer for HR teams, and we can't wait to see the impact it has on our users."
Compt's Expense Management feature is just one of the many tools available on the Compt platform, which includes a range of employee engagement and retention solutions such as Lifestyle Spending Account management, stipend administration, team recognition, automated anniversary and new hire stipends, and more. Made by HR and Finance people, for HR and Finance people, Compt offers easy-to-use and tax-compliant lifestyle benefits that don't have to be pre-funded. Instead, reimburse your team through payroll to keep fringe benefits tax-compliant and your CFO happy.
The Expense Management feature will be available to all Compt customers starting April 1, 2023.
About Compt
Compt is the number one employee reimbursement platform that helps companies offer more inclusive, personalized, and flexible compensation. In this new world of work, fair pay and health insurance are merely table stakes. To truly support your team, remain competitive, and retain top talent, you have to offer benefits that are meaningful to every lifestyle. Supporting employees in all 50 states and more than 60 countries, Compt offers easy-to-use and tax-compliant lifestyle benefits that are changing the way we compensate and engage employees. And your CFO will love us, too. For more information, please visit www.compt.io.
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HR ANALYTICS, WORKFORCE MANAGEMENT
PRnewswire | May 05, 2023
Visier, the globally recognized leader in people analytics and workforce solutions for people-powered business, today announced new products designed to offer fast, radically simple, and cost effective solutions to today's most pressing workforce challenges. These products provide entry points to people analytics programs, skills transformations, and understanding and optimizing individual and team productivity and collaboration dynamics. The news was unveiled by Visier's CEO Ryan Wong, at Visier's annual Outsmart conference, which takes place this week in San Diego, California.
"Understanding your employees is essential to running a high performing, efficient and accountable business," said Ryan Wong, CEO of Visier. "At Visier, we believe in making actionable people insights radically simple for our customers, no matter their experience or resourcing. That's what these new products are all about: simple, cost-effective entry points and blazing fast time to value for people analytics programs, skills transformations and improving team dynamics and productivity."
Visier People Essentials: An easy onramp to People Analytics programs
Launched today, Visier People Essentials draws on Visier's 13 years of experience as the people analytics category pioneer and leader, and feedback from over 25,000 customers, to create a simple entry point, and guided paths to a robust and scalable people analytics program.
Visier People Essentials provides everything organizations need to launch, scale, or enhance their people analytics program in one simple, cost-effective package that includes:
Easy integration and harmonization of disparate HR data from any source
Hundreds of out-of-the box insights to solve the HR challenges that matter most
Full access to Visier's built-in benchmark data sourced from over 20 million anonymized employee records
Visier's fastest-ever time to value
Expert professional services to guide organizations every step of the way
Visier's expert People Analytics Consultants will provide customers with everything they need to be successful, including guidance on data configuration, best practices in transforming people data into meaningful insights, training on Visier People Essentials features and functionality, and building team capabilities to confidently reach self-sufficiency.
And when organizations are ready to go beyond Essentials, Visier has an unmatched portfolio of add-on capabilities to grow with customers at their own pace.
"Visier People Essentials helps teams develop a broad understanding of people analytics, and is flexible enough to scale up with the team as they grow in maturity and scale," said Wong. "When organizations begin their people analytics journey, they often don't always know what questions to ask. Essentials guides them to the fastest time to value, and our Visier team works alongside them to mature their people analytics strategy over time."
Visier People Skills Intelligence Engine: A simple starting point for every skills journey
Also launched today, Visier People: Skills Intelligence Engine provides a complete inventory of an organization's skills–both the skills they have and the skills they need–which is generated automatically and nearly instantaneously. This becomes a powerful entry point for any skills transformation by highlighting company wide skills gaps for prioritizing hiring and learning and development initiatives, and targeting retention programs to backstop skills losses associated with employee exits.
Utilizing a powerful jobs and skills ontology, supported by Visier's 20 million employee benchmark records, organizations can normalize job roles and skill sets and translate them into actionable insights through a skills mapping and matching engine. This automated and continuous skills mapping capability provides a running assessment of the current skills of an organization's workforce, without any manual effort.
"We consistently hear from HR leaders that efforts to become skills-based organizations have been complicated, expensive, unwieldy, and have fallen short of expectations," said Paul Rubenstein, Chief People Officer at Visier." We're changing that with a simple solution that gets customers started on their skills journey by identifying the skills they already have within their organization, and the skills they need."
Workplace Dynamics: Collaboration insights to improve productivity and effectiveness
Visier People: Workplace Dynamics helps organizations understand how people work to provide the insights needed to create high-performing teams, reveal organizational risks, and empower employees and leaders to maximize their impact. Workplace Dynamics uses passive listening to understand how and with whom employees collaborate, how they feel, and how they get work done. This is then combined with actively solicited employee feedback, including strengths and weaknesses of team members with whom employees are working closely, to provide the most complete view of employee collaboration, well-being, and productivity.
Initially launched in late 2022, a number of new additions to the Workplace Dynamics product offering have recently been added, including:
Turn sentiment, feedback, team dynamics, and work patterns into real-time, actionable insights that help people work better together and maximize productivity.
Reveal truths that are dangerously hidden in organizations, including burnout, risk of exit, and under utilized talent. When revealed, this results in a more resilient business.
Provide continuous insights to everyone in the organization, enabling colleagues to become better teammates, managers, and partners.
Additional innovations: Work location analysis, alerts, custom solutions, and more
In addition to the major product launches above, Visier released new product enhancements, including:
Location Check-ins: Allowing organizations to load and analyze workplace check-in data, which occurs through a badge swipe or an access card at a physical location or a network login. Using this feature can help you answer questions such as: Are hybrid employees adhering to agreed-upon workplace policies? Are costly office locations used as expected? How do employee performance, productivity, and turnover compare between employees working in-office, remotely, and hybrid?
Exception Alerts: Raises a flag anytime a metric of interest is outside of the historical norm within an organization. This functionality saves hours of sifting through and analyzing data to identify what's significant in it.
Long-term Project Assignments: Allows organizations that deploy employees to long-lived, but time-bound, projects to assess usage and team composition. This can be used to apply diversity to the mix of talent on specific projects and maximize productivity within a staff base.
About Visier
Visier is the recognized global leader in people analytics, providing on-demand answers to people-powered businesses. Behind every great brand, product, or idea is the Human Truth, and the Visier People Cloud reveals the fundamental questions and actionable truths capable of elevating your employees—and your business—to new heights. Founded in 2010 by the pioneers of business intelligence, Visier has over 25,000 customers in 75 countries around the world, including enterprises like BASF, Bridgestone, Electronic Arts, McKesson, MerckKGaA, and more. Visier is headquartered in Vancouver, BC with offices and team members worldwide.
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EMPLOYEE EXPERIENCE, EMPLOYEE BENEFITS
PRnewswire | May 09, 2023
Angle Health, the digital-first, full-stack health benefits platform bringing transparency, simplicity, and ease of use in a frictionless experience, today announced a new partnership with Ideon, the API platform powering digital experiences in health insurance and benefits. Leveraging Ideon's APIs, Angle Health now powers a fast, easy, and automated enrollment experience across the growing ecosystem of benefits administration platforms.
Most brokers, employers, and members now enroll and manage benefits via third-party HR and benefits software. Through Ideon, Angle Health can quickly and easily connect and exchange enrollment data with these platforms.
Adding Ideon's API connectivity to its existing instantaneous quoting capabilities, Angle Health enhances its seamless digital experience, from plan quoting and enrollment, to year-round administration and renewal. The new capabilities will bring unprecedented speed and automation to Angle Health's members and broker partners in Arizona, Georgia, Indiana, Missouri, North Carolina, South Carolina, and more states to follow.
"The partnership with Ideon ties into Angle Health's mission to be a digital-first healthcare benefits provider focused on delivering an amazing member, employer, and broker experience," said Anirban Gangopadhyay, co-founder and CTO of Angle Health. "Leveraging Ideon ensures our members get enrolled in the right plan, at the right time, with automation that historically wasn't possible in the benefits industry."
Benefits enrollment data is primarily based on decades-old technology and manual methods of data exchange. And accordingly, 42% of HR teams say they're struggling with too many projects and responsibilities, including these tasks. With this partnership, Angle Health can seamlessly automate previously manual benefits administration tasks for employers and members, freeing them to focus on other mission-critical initiatives.
"Through enhanced, industry-leading API connectivity, Ideon is empowering Angle Health to stand out among health benefits providers," said Michael W. Levin, co-founder and CEO of Ideon. "Carriers that embrace advanced connectivity solutions will undoubtedly benefit from broader distribution and an unparalleled digital experience for their clients."
About Angle Health
Angle Health democratizes access to modern healthcare by unifying today's fragmented healthcare benefits system into one core coverage and delivery platform. As a full-stack healthcare benefits provider, Angle Health drives efficiencies across the value chain through its digital-first platform— from instant underwriting for brokers and streamlined administration for employers to personalized care navigation for members. With access to a national network of healthcare providers and facilities, Angle Health is the health benefits provider for modern employers, now servicing tens of thousands of employees and members across the country.
About Ideon
Ideon is the way health insurance carriers and employee benefits providers connect with technology partners to deliver seamless consumer experiences at every stage of the member journey. Ideon is not the websites or apps one uses to choose a plan or find a doctor. It is the infrastructure, the 'pipes,' that simplify the complex exchange of quoting, enrollment, and eligibility data between carriers and the technology partners so that they can, in turn, deliver health and employee benefits to hundreds of millions of Americans everyday. Ideon's APIs transmit billions of data points between InsurTechs and insurance carriers, powering an amazing benefits experience for all. Faster. Better. Awesomely.
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