HR STRATEGY, EMPLOYEE BENEFITS
Globenewswire | May 26, 2023
Indeavor, industry leader in People Operations & Workforce Management, today announced the launch of its Labor Demand Planning software, which enables large enterprises with a 24-hour shift-driven workforce to integrate their ERP and Workforce Management systems at a global scale.
This is a first-of-its-kind solution that has the ability to address very complex labor and demand planning situations at scale. By reducing the time spent by demand planners in the system and eliminating the need for manual demands through automation, Indeavor's Labor Demand Planning solution directly aligns organizations' ERP systems, leaving no room for human error, and improving labor alignment for the production scheduled to the labor that is required.
One of the key features of Indeavor's new solution is its integration with ERP systems. The ability for ERP systems to send raw data directly to Indeavor, and for Indeavor's functionality to translate that information into the correct labor requirements significantly improves the end-to-end operational experience.
"We're thrilled to bring our Labor Demand Planning solution to organizations with complex production planning processes who need real-time workforce alignment and communication," said Brandon Schwarz, CEO of Indeavor. "This is a solution that has been researched and built over years of first hand experience and partnership with our customer base and allows these same organizations to seamlessly address complex labor and demand planning situations at scale. By integrating workforce management with ERP systems, we can significantly reduce the need for manual labor planning, improve productivity and create a delightful user experience for our partners and customers."
The Labor Demand Planning software is part of Indeavor's comprehensive suite of workforce management software solutions, designed to help organizations streamline their operations and optimize their workforce. The software is currently being leveraged by enterprise customers, and will be generally available May 23, 2023.
Indeavor is the leading 24-hour people operations and workforce management platform. It offers the full breadth of solutions required to fully optimize your 24-hour shift workforce. Further, Indeavor solutions have the depth to achieve best-in-class performance.
The People Operations platform enables large organizations around the world in the manufacturing, energy production, public service (government), consumer packaged goods, and other complex/dynamic environments with employee scheduling and absence management solutions. By handling complexity through advanced automation, Indeavor ensures customers have the right person, in the right place, at the right time.
TALENT MANAGEMENT, TALENT ACQUISITION
PRnewswire | May 26, 2023
HireRoad, an end-to-end talent acquisition and insights platform, announced today that Fosway Group, Europe's #1 HR Industry Analyst, debuted HireRoad for the first time as a Solid Performer on the 2023 Fosway 9-Grid™ for Talent Acquisition.
Fosway analysts name companies as Solid Performers for their sustained market performance and track record for customer advocacy. By unifying HR data in one centralized place, HireRoad's powerful talent acquisition platform is getting recognized by Fosway for its dependability.
The Fosway 9-Grid™ enables readers to evaluate different solutions based on a five-dimensional model that evaluates Performance, Potential, Market Presence, Total Cost of Ownership and Future Trajectories across the market. Its unique model shows incredible value in all its zones, providing insight into the market and helping identify high-level actions that can support organisations to get the highest impact from vendors.
"We're thrilled to see HireRoad earn its place on the 2023 Fosway 9-Grid™ for Talent Acquisition because we're just getting started," said Otto Berkes, CEO, HireRoad. "Our customers are choosing HireRoad for our reliability in delivering a talent acquisition solution that can support the hiring journey from recruiting to onboarding and beyond, while providing them with a centralized data solution across their entire HR tech stack. As our customers continue to scale, we'll be there to help build the teams and culture that will make it possible."
"The pressure on organisations to align key talent needs to their wider business priorities is stronger than ever," said David Wilson, CEO of Fosway Group. "HireRoad's ability to connect modern talent acquisition to wider HR data and insights provides a good combination to drive wider organisational success."
HireRoad is an end-to-end talent acquisition and insights platform with a mission to redefine the hiring journey for employer and employee alike. Developed by veteran industry experts, HireRoad's data driven platform enables organisations to turn promising prospects into major contributors by attracting, hiring, onboarding, and training the right people. Tailored for midsize organisations, HireRoad enables companies to build smarter organisations at scale. To learn more about HireRoad, visit HireRoad.com.
About the Fosway 9-Grid™
Fosway Group is Europe's #1 HR industry analyst. The Fosway 9-Grid™ provides a unique assessment of the principal learning and talent supply options available to organisations in EMEA. The analysis is based on extensive independent research and insights from Fosway's Corporate Research Network of over 250 organisations, including BP, HSBC, PwC, RBS, Sanofi, Shell, and Vodafone.
COMPENSATION MANAGEMENT, PAYROLL
PRnewswire | June 01, 2023
Nium, the leader in real-time global payments, has enhanced its market-leading payroll payments solution to support the complex needs of payroll platforms worldwide. Nium's payroll solution simplifies global growth for a majority of payroll platforms, including Panther, a provider of global employment, payroll, benefits, and contractor software that can be integrated with an HR tech stack.
In addition to expanded network and currency coverage in Canada, Africa, Middle East, Latin America, and Asia Pacific, new enhancements to this offering include:
Foreign Exchange (FX) Transparency: Allows for end-to-end FX control, which includes transparent costs with a single clear FX markup and one low per-transaction fee to help manage costs at scale. With this, clients can schedule bulk conversion for ease and control, lock FX rates to manage FX fluctuation, and configure fees at the customer level for flexibility;
Beneficiary Pre-screen and Confirmation of Payee: Minimizes potential returns with verified payee information and keeps the payment process quick and smooth;
Scheduled Payouts: Enables clients to disburse payments to their workforce on a certain date. Provides predictability to their clients' employees on when to expect to receive their salary payouts;
Direct Debit in the US, UK, and EU: Provides the ability for platform clients to pull funds from their customers' primary bank accounts into their Nium wallet to fund payroll payouts, this improves cash flows and reduces friction.
The global payroll outsourcing market was pegged at $9.9 billion in 2021, according to U.S.-based Allied Market Research. Growing at a CAGR of 7.2% from 2022 to 2031, the market is expected to reach $19.5 billion – making it one of the largest and fastest growing opportunities in global payments. The need to hire at scale across borders is rapidly becoming a key competition for companies. But, adding remote workers adds significant cost and complexity to payroll operations, simplified by the growing number of third-party payroll platforms. Specifically, 80% of companies believe that transparent foreign exchange rates are important for payroll providers. By making Nium's fees transparent, its clients can have more control over their finances.
"Global payroll is complex," says Robin Gandhi, CPO of Nium. "Every country has different regulations, including tax laws, employment laws and data privacy laws which make the compliance process tricky, and that's what payroll platforms do best. However, getting money to every employee or contractor on payday in their preferred account, on-time, and across multiple geographies is not easy. With our global payments network and payroll specific functionality, we make payroll seamless, so platforms don't have to worry about the technical and legal lift to send money across the world knowing that their employees will have access to funds when they need them."
"We trust Nium to move funds reliably, quickly, and compliantly around the world and across different corridors," said Matt Redler, CEO and Co-founder of Panther. "We consider their payroll solution a trusted component of our engine. Specifically, their transparent FX capabilities allow us to price our FX revenue stream in a competitive way. We're excited about Nium's payroll enhancements and our continued partnership."
Nium's payroll solution goes beyond the ordinary, offering a comprehensive suite of products to empower global payroll platforms and businesses to seamlessly onboard, transact and manage payroll for employees and contractors worldwide, including competitive FX, built-in compliance, real-time payments, security offerings, zero-deduction wire transfers, and multiple market coverage. However, the company understands that payroll is not merely a transactional process; it is mission critical money movement that holds the power to impact lives and it's important to have a partner businesses can trust. By leveraging Nium's global payment platform, platforms and businesses can put their trust in Nium while they focus on growing globally with improved operational efficiency and exceptional customer experience.
Nium, the leader in real-time global payments, was founded on the mission to deliver the global payments infrastructure of tomorrow, today. With the onset of the on-demand economy, its payments infrastructure is shaping how banks, fintechs, and businesses everywhere collect, convert, and disburse funds instantly across borders. Its payout network supports 100 currencies and spans 190+ countries, 100 of which in real-time. Funds can be disbursed to accounts, wallets, and cards and collected locally in 35 markets. Nium's growing card issuance business is already available in 34 countries. Nium holds regulatory licenses and authorizations in more than 40 countries, enabling seamless onboarding, rapid integration, and compliance – independent of geography. The company is co-headquartered in San Francisco and Singapore, with regional offices in London, Amsterdam, Hong Kong, Mumbai, Bengaluru, and Chennai.