McLean & Company | August 22, 2022
McLean & Company, the globally trusted partner of HR and business leaders, has released its newest research-driven resource, titled Implement a Buddy System at Work. This data-backed guide is intended to support HR leaders in building a more consistent and effective way to help onboard new employees. With HR facing ongoing challenges like significant turnover and competition in the talent marketplace, a "buddy system" is an easy-to-implement solution that McLean & Company research indicates is effective at helping new employees acclimate to a new organization and role.
Onboarding is often exciting and stressful for both the new employee and the manager, and new hires often need extra support to settle into a new role. McLean & Company's New Hire Survey Database shows employees are 1.8 times more likely to be engaged when their acclimatization experience is positive compared to those who rate their experience lower.
A buddy is different from a mentor or coach. The term "buddy" refers to the internal tenured employee who assists a new employee in settling in with an organization. The buddy acts as a friendly point of contact to help new employees adjust to their roles during the first few months by providing advice, answering questions, and making introductions.
The research indicates that a buddy system provides ongoing support to new hires after their initial orientation without a significant investment in time or resourcing and can alleviate some of HR's pain points with similar programs.
Buddy system programs offer the following merits:
Easy to implement with minimal coordination
Senior-level members freed up for more formal interactions
No specialized training required to be a buddy
Flexibility in meeting frequency, duration, and location
For employees, buddy systems are valuable and offer such benefits as:
An enhanced and more personalized onboarding experience
Prevention of potential isolation when hired ad hoc rather than in large groups
Help with the adjustment period as new employees become familiar with team processes and organizational culture
Networking opportunities and identification of key contacts within the organization
Improved distribution of the time managers traditionally spends on onboarding
McLean & Company explains that although the implementation of the buddy system and the buddy selection process fall under a manager's list of responsibilities, HR can impact uptake and effectiveness by designing the framework and guiding managers on how to integrate it into their onboarding processes. This framework will ensure that a consistent approach is being applied throughout the organization and that all new employees have access to an additional layer of onboarding support.
About McLean & Company
Through data-driven insights and proven best-practice methodologies, McLean & Company offers comprehensive resources and full-service assessments, action plans, and training to position organizations to meet today's needs and prepare for the future.
Pendella | July 15, 2022
Pendella Technologies’ white-labeled life insurance offerings are now available through Velocity Benefits, a technology-focused employee benefits provider serving more than 2,500 companies and nearly 20,000 employee benefit brokers nationwide.
Through the new partnership with Pendella, a fast-growing technology company on a mission to take the bias out of life insurance, Velocity’s nationwide benefit offerings have expanded to include essential individual life and disability insurance protections.
Pendella is revolutionizing the life insurance market by empowering organizations like Velocity to seamlessly integrate its white-labeled digital product. Pendella’s proprietary recommendation engine tailors life insurance options to meet the unique needs of every customer regardless of age, health condition, or income level.
Velocity’s employer and broker clients can easily provide access to a variety of affordable and top-quality life insurance coverage options. Comprehensive individual policies can be purchased from leading insurers in minutes – without the need for a medical exam. The individual coverage can supplement group employer-sponsored group life insurance or be purchased as a standalone policy.
While group life insurance policies continue to be a popular employee benefit, interest in individual life insurance policies has increased over the last two years due to the COVID-19 pandemic, according to financial research firm LIMRA. New total life annualized policy premiums were up 20% last year, LIMRA said, representing the highest annual growth since 1983. LIMRA forecasts whole life sales will grow as much as 10% in 2022, with continued growth in 2023.
“Consumers want options and simplified access to life insurance protections. Pendella’s technology provides this and more, and we are thrilled to be working with them to bring another valuable benefit to our clients."
-Joseph Duckett, Founder of Velocity Benefits.
There’s never been a better time to sell life insurance and Pendella is committed to making it easy and affordable for everyone to obtain coverage, said Bob Gaydos, Pendella CEO and founder. Pendella is excited to work with forward-thinking partners like Velocity as we continue our mission of closing the protection gap.
Pendella is a technology company that exists to make the financial protection of individual life and disability insurance available to all people, regardless of age, health status, or income level. Pendella's full-stack, enterprise SaaS solution is powered by artificial intelligence and big data to automate underwriting and deliver a simple, intuitive, and delightful experience to thousands of people through partnerships with top-rated insurance carriers and distributors. White-label customization enables a seamless end-to-end experience. Instant life and disability insurance in minutes. No paperwork. No medical exams. Minimal-effort implementation.
People2.0 and Husys | August 30, 2022
People2.0, the world’s largest global employer of record (EOR) and agent of record (AOR) services platform, announced today that it has acquired Husys, an India-based end-to-end HR consulting and EOR services provider. The transaction marks People2.0’s fifth acquisition in the past year as it continues to expand its global footprint and suite of EOR and AOR services. This latest acquisition further expands People2.0’s capabilities to service global conglomerates in the rapidly growing India market, while providing Husys with additional capabilities around the world.
“Not only is it an honor to partner with an experienced and proven EOR services provider like Husys, but it signifies another important step in our mission to be recognized around the globe as the leading enabler of flexible and mobile work arrangements."
-Erik Vonk, Executive Chairman and CEO
Having just celebrated our 20-year anniversary, we have been reflecting on how far Husys has come and the opportunities we have ahead of us in the ever-changing world of work, We are grateful to our customers, employees, and partners that have enabled us to get this far. We are excited for the future and the benefits our teams and customers will get as we join the People2.0 family,said GR Reddy, CEO and founder.
In March, People2.0 announced the acquisition of Abu-Dhabi based EOR/AOR services provider BOTH, expanding its footprint to include the rapidly growing MENA market. In April, the acquisition of the Ayers Group in Sydney solidified People2.0’s market leadership position in Australia. Last month, People2.0 expanded its service offerings through the acquisition of the Brookson Group, a leading UK-based provider of support services to independent contractors.
The Husys team will be joining People2.0’s regional APAC operations to ensure relational continuity and enable them to guide clients in making the best use of People2.0’s global resources. In the coming months, Husys will begin its transition to the People2.0 name and brand. Further details of the deal have not been disclosed.
People2.0 is the world’s leading enabler of global, mobile, flexible, and remote work arrangements. The company’s employer of record (EOR) and agent of record (AOR) establishments around the world, networked by its proprietary FlexLife™ technology platform, create a unique global ecosystem within which talent suppliers can engage any category of worker in any work arrangement, anywhere, while independently working professionals have access to business support services and portable benefits. Global workforce deployment is facilitated through a single master services agreement and one point of contact. Visit People20.com.
Husys started in 2002, in Hyderabad, India—were frontrunners in introducing an innovative end-to-end HR department outsourcing for small-to-medium sized companies. Over the years the company has scaled up to be the trusted partner for HR service companies. With the introduction of the PEO/EOR service line in 2007, Husys helped more than 500+ global companies expand into India. For the last 20 years, Husys successfully served 3000+ domestic and international companies with their proprietary HRIS software. ApHusys (HRIS application), is an innovative, one-stop solution for complete HR solutions enabling Husys to service its clients with speed and efficiency.