Workforce Management, Employee Benefits
Businesswire | July 05, 2023
Betterworks, the leader in modern performance management solutions, is proud to announce the launch of its Advanced Analytics with Diversity, Equity, Inclusion, and Belonging (DEIB) dashboards. This innovative offering empowers HR leaders to identify and address biases in performance management practices, fostering a more equitable and inclusive workplace environment. The release of these DEIB dashboards coincides with the celebration of Pride Month, emphasizing Betterworks' commitment to promoting diversity and equality.
Performance management processes and decisions are often susceptible to human biases, leading to unfair outcomes and a disadvantage for certain individuals within organizations. Inconsistent ratings and biased feedback can create a culture of distrust, contribute to employee turnover and hinder organizational success. To combat these challenges, organizations need a way to evaluate the presence of biases in their performance management systems effectively.
Betterworks' Advanced Analytics with DEIB dashboards enables HR leaders to identify sources of bias within the performance management cycle by leveraging metrics and analytics. These powerful reports and dashboards shed light on discrepancies in developmental opportunities, coaching practices, performance ratings, and engagement and satisfaction scores for different groups within the organization. For example, HR leaders can easily identify if one gender or one ethnicity within a specific department is receiving less coaching than another, allowing for targeted interventions to promote fairness and inclusivity.
"With the introduction of our DEIB dashboards, we are providing organizations with the tools to take a data-driven approach to root out bias from employee performance management," said Andrea Lagan, chief operating officer at Betterworks. "We believe that every employee should have an equal opportunity for career advancement and business impact. By highlighting inequities and fostering awareness, organizations can course-correct and ensure that all employees receive equitable performance and development focus."
Betterworks' DEIB dashboards empower organizations to answer critical questions such as:
Are we equitable in the way we create relationships with our employees?
How is employee performance evolving across various diversity groups?
How are we developing diverse talent?
How effective is the performance calibration process in removing bias for various groups?
By leveraging these insights, organizations can guide decisions on coaching managers to have more impactful conversations within their teams and create an environment where all employees are engaged, leading to improved employee-manager relationships.
Analytics in Action
Discover how HR leaders can use advanced analytics to fuel impactful people strategies, uncover L&D opportunities, reveal actionable DEIB insights, and support strategic planning for business initiatives. Join our live webinar on July 13 led by Chief Product Officer, Arnaud Grunwald, showcasing Betterworks Advanced Analytics. Register today.
About Betterworks
Founded in 2013, Betterworks develops best-in-class performance management solutions that enable exceptional results and put employee experience at the heart of how companies align, motivate, retain, and develop their people. Unlike monolithic legacy HR technology, Betterworks’ lightweight and enterprise-ready SaaS solutions for check-ins, feedback, employee engagement, and recognition are built to scale for businesses of all sizes. Our customers’ employees are proven more engaged and satisfied in their roles, which is why industry leaders like Colgate-Palmolive, Intuit, Freddie Mac, Asurion, Udemy, Vertiv, HCSC, and the University of Phoenix rely on Betterworks to manage and enable performance. Betterworks is backed by Kleiner Perkins, Emergence Capital, and John Doerr.
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Workforce Management, Employee Experience
Businesswire | July 28, 2023
Reliance Matrix, a leader in absence and employee benefits solutions, has introduced an expanded suite of services designed to help employers stay compliant with the Americans with Disabilities Act (ADA) while supporting critical business objectives and work force considerations. Developed in close collaboration with some of its largest clients, the new offering is called Workforce Accommodations™.
Workforce Accommodations helps support employers with the legal and procedural requirements of ADA and state disability and pregnancy laws, but goes much further. Optional additional services include support for Religious, Pre-Employment, Vaccine and other accommodations.
“Our technology and service roadmap has always been closely aligned to our clients’ needs and feedback. It’s in our DNA,” said Chris Smith, Vice President of Product Solutions.
Reliance Matrix has been at the forefront of the accommodations market since 2014 when it introduced ADA Advantage®, the first comprehensive ADA management service offering available to employers. Leveraging the market’s largest database, it began publishing an annual analysis of ADA accommodation requests across a wide range of employers and employee populations in 2017. This year’s study is based on a review of more than 28,600 accommodation requests collected during 2022 across a nationwide employee population of 833,000.
“ADA compliance is vitally important,” Smith said. “But like we’ve seen in the larger employee disability and absence market, understanding and conforming to changing legislation can often expose other strategic opportunities for employers.”
“In this case, ongoing client research identified other accommodations, unrelated to federal or state mandates, which would benefit from strategic support and management of the interactive process. We saw the need before it became a pain point,” he said.
Many of the accommodation requests now covered by Workforce Accommodations – like vaccine exemptions and pre-employment accommodations – grew in visibility and importance during and after the COVID pandemic. Others, like religious accommodations, are regulated in various ways but operate outside ADA requirements.
“The ADA is complex and compliance can be challenging for employers due to a dynamic legal and regulatory and environment,” Nell Walker, Vice President, Deputy General Counsel and Chief Compliance Officer, said. “Most employers, even large ones, don’t have the in house legal expertise and bench strength to fully understand and navigate within those requirements. Add to that the rapidly changing employment landscape and an uncertain economic outlook, and you have an opportunity to assist and add value to a wide range of employers.”
“Workforce Accommodations isn’t hands-off outsourcing,” she said. “It’s designed to help organizations execute on the required interactive employee/employer discussions and provide HR and senior management with the information they need to make appropriate decisions with confidence.”
About Reliance Matrix
Reliance Matrix delivers employee benefit, absence management and workforce productivity solutions through the financial stability of a top-rated insurance carrier, the proven innovation of an absence TPA, and the daily commitment of thousands of team members across America. Where larger competitors offer size, we inspire confidence and long-term engagement through integration, reliability, and dedication to providing customized solutions.
Born in 1907, Reliance Standard Life Insurance Company is a leading provider of employee benefits, absence management and retirement savings solutions. Matrix Absence Management traces its roots to Silicon Valley at the dawn of the tech boom. Seamless and secure, we innovate and deliver products and programs to help individuals, employers, brokers, and fiduciaries protect and nurture those most important to them.
Reliance Matrix is a member of the Tokio Marine Group. Tokio Marine Holdings, Inc., the ultimate holding company of the Tokio Marine Group, is incorporated in Japan and is listed on the Tokyo Stock Exchange. The Tokio Marine Group operates in the property and casualty insurance, reinsurance, and life insurance sectors globally. The Group’s main operating subsidiary, Tokio Marine & Nichido Fire (TMNF), was founded in 1879 and is the oldest and leading property and casualty insurer in Japan.
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Compensation Management, Payroll
PRnewswire | July 19, 2023
Payslip, a pioneer of the Global Payroll Control Platform, proudly announces a groundbreaking advancement in global payroll management, leveraging the power of Artificial Intelligence (AI) to drive efficiency and accuracy. With its state-of-the-art AI-driven platform, Payslip is set to transform how businesses worldwide manage their complex payroll operations.
Global payroll management presents multifaceted challenges, with diverse regulations, and reporting requirements across multiple countries. In response to these complexities, Payslip has developed an innovative AI-driven solution that streamlines the entire payroll process, ensuring a seamless and efficient experience for Multinational businesses.
Key Features of Payslip's AI-Driven Global Payroll Solution:
Intelligent Automation: By harnessing advanced AI algorithms, Payslip automates manual tasks, such as data entry and compliance checks. This leads to a substantial reduction in errors and frees up valuable time for payroll teams to focus on strategic initiatives.
Real-Time Insights: With Payslip's AI-powered platform, businesses gain real-time visibility into their global payroll data. Comprehensive analytics and customizable reports empower decision-makers to make data-driven choices, enhancing efficiency and productivity.
Automated Payroll Reconciliation: Harnessing the power of advanced AI automation with state-of-the-art algorithms and intelligent rule systems at its core, the Payslip Payroll Reconciliation Solution proactively identifies inconsistencies and flags potential discrepancies, delivering real-time results. This groundbreaking solution provides an unparalleled level of accuracy and precision, ensuring that employee salary, taxes, deductions, and benefits are calculated and recorded. The solution effortlessly compares data from local providers with the source data calculation files, instantly detecting and highlighting variances for prompt investigation and resolution by global payroll professionals.
Seamless Integrations: The AI-powered platform seamlessly integrates with existing HRIS, ERP, Finance systems, payroll vendors, and payroll engines This integration eliminates the need for complex data transfers, imports data from any file format or source automating pre-payroll data processing removing manual work, ensuring a smooth transition and minimal disruptions to daily operations.
Fidelma McGuirk, Founder & CEO of Payslip.com, expressed her excitement about this transformative development, stating, "Our commitment to providing the best global payroll technology has led us to explore cutting-edge automations. The incorporation of AI in our global payroll platform marks a pivotal moment in simplifying payroll management for businesses around the world. We firmly believe that this advancement will empower organizations to achieve unparalleled efficiency and accuracy in their payroll operations."
Payslip's AI-driven global payroll solution signifies the company's dedication to delivering innovative and comprehensive global payroll solutions. As the world embraces digital transformation, Payslip stands at the forefront, empowering businesses to thrive in the new era of intelligent global payroll management.
About Payslip
Payslip is the leading global payroll management platform that empowers multinational organizations to streamline and simplify their payroll processes across multiple countries. At Payslip, we understand the challenges faced by multinational companies in handling diverse payroll systems, tax regulations, and reporting requirements. Our advanced cloud-based platform harnesses the power of AI and integration as a service, enabling seamless data exchange between HR systems, time and attendance systems, and financial systems. By eliminating manual data entry and reducing errors, we enable organizations to achieve greater accuracy and efficiency in their payroll operations.
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