HR ANALYTICS, HR STRATEGY
CompXL and UKG | October 03, 2022
CompXL by HCR Software Solutions, Inc., a leading provider of incentive compensation planning software, today introduced a new technology partnership with UKG, a leading provider of HR, payroll, and workforce management solutions for all people. With 250 technology and services partners, UKG provides one of the largest and most collaborative partner ecosystems in the HCM industry, focused on creating better employee experiences for all people to improve business outcomes.
With this collaboration, organizations utilizing both CompXL and UKG Pro can benefit from a seamless integration that shares the most up-to-date information between the two solutions. CompXL's comprehensive and flexible features include salary and incentive planning workflow automation. CompXL fully supports even the most complex requirements, such as multi-currency, branded total rewards statements, multi-factor bonus calculations, and long-term award planning and tracking.
"The ability to deploy incentive compensation at scale is the key to engaging and retaining top talent, In these tumultuous times, having a flexible compensation module is key to talent engagement and retention. We designed CompXL to combine the flexibility of Excel with the workflow and security benefits of the cloud so businesses can incentivize without compromise. With our new UKG partnership, we're excited to make CompXL easily accessible to the UKG client base."
-Jamie Davis, President of HCR Software Solutions, Inc.
UKG suites are developed with the UKG Life-work Technology™ approach to solution design. Life-work Technology combines people systems that inspire employees with meaning and purpose and work systems to help businesses thrive.
At UKG, we strive to create lifelong partnerships with our customers, helping them create modern people experiences to drive better business outcomes and anticipate employee needs beyond just work, By cultivating a highly engaged ecosystem of technology partners, including CompXL, we're able to help create a more seamless and empowering technology experience for organizations around the world,said Mike May, Vice President of Technology at UKG.
About CompXL:
CompXL is the award-winning compensation planning software that combines the flexibility of Excel with the power of the cloud so users can deploy incentive compensation at scale. Our ultra-configurable solution eliminates the administrative burden associated with managing merit increases, allocating short and long-term incentives, and producing employer-branded total reward statements.
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WORKFORCE MANAGEMENT
Leapsome | November 11, 2022
Leapsome, the people enablement platform that drives employee engagement, performance, and learning, today announces its expansion into the US market with the launch of its NYC office.
The need for an on-the-ground US presence speaks to the rapid growth of the HR technology market globally, which is projected to grow from US$24.04 billion in 2021 to 35.66 billion in 20381. Today’s business leaders are more in tune with the value of people enablement and recognize that they cannot sustainably scale their organizations without developing their people.
“The US software market is the largest in the world, and companies here are already focusing more on the potential of the people enablement category than in the European market. We currently generate 20% of our revenue from the US. Now, with our team on the ground in NYC, we hope to significantly increase our market share and continue to scale Leapsome into a global brand. It is our goal to shape the future of the HR tech market. By 2025, we aim to welcome 1.5 million users to our platform; to achieve this, we are expanding our position as a market leader globally,”
-Marc-Alexander Vetter, Head of US Expansion at Leapsome
Leapsome is the all-in-one solution for people enablement — from strategic goal-setting and performance feedback to measuring engagement, learning, and development. Almost 1500 forward-thinking companies (including Spotify, Unity, and Sony Music) love Leapsome for its ease of use, flexibility, out-of-the-box functionality, seamless integrations, and action-oriented people analytics.
Leapsome begins its American presence with a 25-person team working out of its New York office; this team will grow to 50-strong by the end of 2022. Jenny Podewils, Leapsome’s Co-CEO, will relocate from Berlin to NYC to scale the company’s US operations.
Jenny Podewils, Co-CEO of Leapsome, comments: It’s important to us that Berlin and NYC will be strong and equally significant hubs with close ties and a unified cultural core. I’m excited about this new chapter in Leapsome’s and my founder journey. Our successful Co-CEO model provides us the unique opportunity to commit, at leadership level, to both markets. With Kajetan in Berlin and me scaling the US business in New York, we underline our ambition to build a global company and global category.
The NYC office will enable Leapsome to provide local support for its growing US customer base, allowing the company to further its mission to make work more fulfilling for everyone — everywhere. Leapsome chose New York for its exceptional talent pool, prime customer networking opportunities, and time zone suited to European collaboration.
About Leapsome
Leapsome is the leading People Enablement platform, with almost 1,500 customers worldwide. The platform combines features for feedback, OKRs, employee surveys, learning, and compensation management, allowing companies to drive employee engagement, performance, and development. Leapsome was founded in 2016 by Kajetan von Armansperg and Jenny von Podewils. Its customers include Spotify, Unity, and Mercedes-Benz.
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HR STRATEGY, PAYROLL
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.
About NelsonHall
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.
About Paychex
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.
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