EMPLOYEE BENEFITS, COMPENSATION MANAGEMENT
Businesswire | April 26, 2023
OpenComp, the end-to-end compensation software provider, today announced a new partnership and integration with leading payroll & benefits platform Gusto to make enterprise-grade compensation data and tools more accessible to small and medium-sized businesses. With this new partnership, Gusto customers can access OpenComp’s powerful Compensation Intelligence Platform and connect their pay data directly from Gusto, helping SMBs to level up their compensation strategies while keeping up with increasingly complex pay equity and transparency laws.
All eyes are on employee compensation today: companies are laser-focused on optimizing spend, while pay regulations continually grow more complicated, as 17 additional cities and states consider new regulations in 2023. Companies typically have little resources to navigate this landscape but still need enterprise-grade data and insights to make competitive decisions around hiring, retention and compliance.
Now, Gusto customers can connect their pay data instantly and access OpenComp’s Market Pulse benchmarking solution for free, allowing employers to make better-informed decisions about employee compensation by leveraging real-time market insights.
"The integration between Gusto and OpenComp is a game-changer for small and mid-sized companies," said Thanh Nguyen, CEO and co-founder of OpenComp. "By combining their own compensation data from Gusto with our powerful market benchmarking, we're giving these companies access to data tools and intelligence historically reserved for large enterprises."
With Gusto and OpenComp, companies can instantly benchmark their payroll data, modernize their compensation programs and answer the toughest pay questions. In minutes, users can:
Search OpenComp's dataset of over 6,000 customers, nearly 4,000 roles in 41 countries and 18 industries
Better understand their pay competitiveness against their peers
Automatically match and level jobs using AI with 95% accuracy
Understand which pay regulations impact their business
Rapidly and accurately prepare pay data reports
To help navigate new state pay regulations, OpenCompliance - CA Pay Data Edition is also available for free to Gusto customers until April 28, 2023. This tool ingests compensation data from Gusto, pinpoints any needed changes, and rapidly prepares accurate pay data reports for submission before May 10, 2023, as required by the state of California for businesses with more than 100 employees, at least one of whom lives in California.
Gusto users can also upgrade to paid tiers for 30% off through May 4, 2023, to leverage even more tools across OpenComp’s Comp Design Studio and Activation Hub for compensation clarity at the point of every decision. OpenComp’s end-to-end compensation management platform dramatically simplifies otherwise difficult tasks like pay range creation, merit cycle management, DEI analysis and more. And OpenComp's suite of communication and workstream management tools ensures employers are confident in every single decision about pay.
Employers and employees use OpenComp to get clarity at the point of every compensation decision. Together, they’re pioneering a new standard for compensation: one that’s competitive, equitable and scalable.
With OpenComp’s Compensation Intelligence Platform, business and HR leaders optimize compensation program effectiveness with benchmarking, design, and activation tools. Managers, recruiters, employees, and candidates use OpenComp to make the best compensation decisions for themselves and their teams.
Founded in 2021 by Salesforce’s founding HR team, OpenComp is backed by J.P. Morgan, TIME Ventures (the investment fund for Marc Benioff), 8VC, and more. The company was recognized as no. 8 on Fast Company’s Most Innovative Companies of 2023, in the Workplace category. Get started for free at www.opencomp.com, where tiered pricing and services are also available.
Gusto is a modern, online people platform that helps small businesses take care of their teams. On top of full-service payroll, Gusto offers health insurance, 401(k)s, expert HR, and team management tools. Today, Gusto offices in Denver, San Francisco, and New York serve more than 200,000 businesses.
Our customers come from all walks of life and so do we. We hire great people from a wide variety of backgrounds, not just because it's the right thing to do, but because it makes our company stronger. If you share our values and our enthusiasm for small businesses, you will find a home at Gusto.
COMPENSATION MANAGEMENT, PAYROLL
PRweb | May 29, 2023
Paysend, the global card-to-card transfers pioneer and global payments platform, is announcing today a new partnership with global payroll platform Ontop, enabling employers to make faster and more cost-effective salary payments to workers and contractors.
Paysend will power Ontop’s new payout-to-cards capability for employee and contractor payroll. This will enable remote workers paid through the Ontop platform to send their money directly to their local cards instantly and at a low cost.
The Ontop platform enables companies to scale internationally and currently provides employer-of-record services (EoR), compliance, and payroll services to over 950 companies worldwide.
Remote workers who receive payment through the Ontop platform can now conveniently transfer their funds to their VISA or Mastercard card, replacing current cumbersome arrangements involving delays and fees through the need to use the Swift system.
To make use of the Paysend platform, contractors simply need to supply their full name and bank card number, and they can instantly and directly access their money using Mastercard or Visa Rails. No more uncertainty around payday, and no more Swift or intermediary bank fees. 90% of transfers arrive in 15 seconds or less.
Juan Pablo Acosta, Head of Payments & Business Enhancement at Ontop, welcomed the partnership, saying, "We are excited to join forces with Paysend to provide our clients with a faster, more efficient, and cost-effective solution for making global payments. This partnership aligns with our mission to provide our clients with the best payroll solutions on the market while enabling them to scale their businesses internationally."
Jairo Riveros, Chief Strategy Officer and Managing Director for the U.S. and LATAM at Paysend, added, “We are delighted to be partnering with one of the leading payroll brands and look forward to a close partnership with Ontop. Our market-leading card-to-card payments platform will save time and money, processing salary payments to workers quicker and more cost-effectively than via the banking network.”
Ontop is a Miami-based startup that enables businesses to make their global payroll process smooth and simple. Building a high-tech product to effortlessly streamline the global payroll process, they help companies onboard new hires, sign their contracts, automate their payments, and also give their workers the possibility to access state-of-the-art financial services.
Founded in 2020 and currently among the top Y Combinator-backed startups, Ontop empowers remote workers from all around the world, giving them access to a new generation of financial services for global remote workers such as “Ontop Wallet”, “Ontop Visa Card”, and the Lending product “Ontop Peak”. By anticipating what global operations will look like in the future and developing solutions to address any potential challenges, Ontop has become the go-to platform for businesses of all sizes looking to take their operations beyond borders.
Paysend is a next-generation integrated global payment ecosystem, enabling consumers and businesses to pay and send money online anywhere, anyhow, and in any currency. Paysend is UK-based and has a global reach, having been created in April 2017 with the clear mission to change how money is moved around the world. Paysend currently supports cross-network operability globally across Mastercard, Visa, China UnionPay, and local ACH and payment schemes, providing over 40 payment methods for online SMEs.
Paysend can send money to over 170 countries worldwide and has attracted more than six million consumers to its platform. As a global end-to-end payment platform, Paysend has a global network of banks and international and local payment systems and has partnerships with the major international card networks Visa, Mastercard, and China Union Pay as principal members and certified processors.
HR ANALYTICS, WORKFORCE MANAGEMENT
Businesswire | March 17, 2023
MMC, Inc., a Human Resources Outsourcing company (HRO), today announced it has replaced its on-premise legacy communications systems with RingCentral, Inc. (NYSE: RNG), a leading provider of global enterprise cloud communications, video meetings, collaboration, and contact center solutions, to drive an improved client experience, streamline employee workflows, and deliver IT cost savings. After migrating 3,000 of its employees to RingCentral MVP® (Message Video Phone™), MMC realized substantial savings on its business communications costs.
Known for its expertise in HR outsourcing, payroll, benefits administration, and other business processes, MMC was looking for a cloud solution that could provide greater mobility for its employees and would allow them to more efficiently connect and communicate with clients. By implementing RingCentral MVP, they have enabled employees to increase productivity and efficiency through the use of a cloud-based business phone service, video conferencing, digital fax, and SMS–on any device from virtually any location. As a result, MMC has streamlined employee workflows, increased accessibility to clients, and empowered remote workers.
“What sets us apart from the larger competitors is our white glove service delivery. We care about our customers’ experience and go that extra mile to ensure the highest service delivery possible. This means being accessible to clients when they have questions, concerns, or require assistance,” said Raul Terrazas, manager of information technology at MMC. “With RingCentral, we are now able to seamlessly communicate with clients from virtually anywhere using our office phone, mobile, or PC. Given how many employee workflows we’ve been able to improve across our company, how much visibility we’ve gained into our client communications, and how much money we’ve saved — not to mention how effortless the implementation itself was — my only regret is not migrating MMC to RingCentral sooner.”
In the company’s next unified communications transformation phase, MMC’s IT team plans to roll out RingCentral MVP to their sales and support teams and optimize those operations with the RingCentral for Salesforce integration. This integration will enable them to consolidate platforms for the company’s agents, reduce the number of vendor relationships for Terrazas’ team to manage, and streamline agent workflows for added speed and efficiency.
“We are thrilled to work with MMC on their cloud transformation—leveraging the strengths of our unified communications platform,” said Carson Hostetter, chief revenue officer at RingCentral. “By shifting to RingCentral, MMC is driving greater operational efficiencies and improvements in both customer and employee experiences.”
California-based Human Resources Outsourcing company MMC was established over 40 years ago for the purpose of providing HR Outsourcing & Consulting solutions to improve business performance. By outsourcing HR, you will be cutting costs, lowering risk, and better positioning your company for success. As the top HR Outsourcing service provider for over 8,500 employees nationwide, MMC has learned that there is no cookie-cutter approach when it comes to resolving workplace concerns. MMC takes a special interest in assuring each client’s success while providing a hands-on approach to exponential growth with your company.
RingCentral, Inc. (NYSE: RNG) is a leading provider of business cloud communications and contact center solutions based on its powerful Message Video Phone™ (MVP®) global platform. More flexible and cost-effective than legacy on-premises PBX and video conferencing systems, RingCentral® empowers modern mobile and distributed workforces to communicate, collaborate, and connect via any mode, device, and device location. RingCentral offers three essential products in its portfolio, including RingCentral MVP®, a Unified Communications as a Service (UCaaS) platform including team messaging, video meetings, and cloud phone system; RingCentral Video®, the company's video meetings solution with team messaging that enables Smart Video Meetings™; and RingCentral Contact Center™ solutions. RingCentral's open platform integrates with leading third-party business applications and allows customers to customize business workflows easily. RingCentral is headquartered in Belmont, California, and has offices worldwide.