Payroll
BambooHR | September 13, 2023
BambooHR, a leading cloud-based human resource platform, has introduced a new Payroll experience to complement its HR and benefits administration solutions. This innovative payroll system significantly streamlines payroll processes, reduces processing time by up to 80 percent, and enhances the overall HRIS and benefits administration platform.
This Payroll experience is accessible through desktop and mobile platforms, providing flexibility and convenience for HR professionals and employees alike. It aims to create an integrated, accurate, and efficient payroll process. It significantly reduces the risk of errors and ensures employees are paid correctly and on time. This not only benefits organizations but also aligns with employee financial stability, given that many Americans live paycheck to paycheck. This is supported by the research by LendingClub, reporting that 6 in 10 Americans live paycheck to paycheck.
Chief of Staff, Rockford Silk Screen Process, Rachael Schau, remarked,
BambooHR and payroll together have saved me almost 20 hours a week, and we've honestly saved 20,000 dollars over a year.
[Source: Cision PR Newswire]
The introduction of the new Payroll experience reflects BambooHR's commitment to simplifying payroll and delivering an exceptional user experience for its customers. Payroll errors can have a significant impact on employees, leading to financial stress and mistrust. BambooHR's streamlined solution addresses these concerns while enhancing the overall efficiency.
The new platform simplifies the intricate payroll process by eliminating double data entry, automating time tracking, and calculating employee compensation, deductions, and taxes accurately. This user-friendly interface allows for easy management of employee records, payment tracking, and report generation and ensures compliance with federal, state, and local regulations. Employees can access pay stubs and make withholding or direct deposit changes through the BambooHR payroll portal or mobile app.
Chief Product Officer at BambooHR, Brian Crofts, stated,
Our goal has always been to make payroll an integrated, always accurate, and even delightful experience for our customers.
[Source: Cision PR Newswire]
He added that their team has worked hard to ease the intricate, outdated process and that they’ve made that quick, clean and easy for HRs. To celebrate the launch, new BambooHR customers can benefit from a 75 percent discount on Payroll implementation costs for January 2024 payroll start dates. This offer further demonstrates BambooHR's commitment to supporting organizations in their HR and payroll needs.
About BambooHR
BambooHR is the foremost provider of cloud-based HR software solutions, offering a robust platform that empowers HR professionals in managing, nurturing, and fostering their workforce. The core mission of the company is to liberate individuals to excel in their work by streamlining, centralizing, and interconnecting employee data within a single comprehensive system, thereby facilitating informed decision-making. Its user-friendly and thoughtfully designed suite encompasses payroll, time tracking, benefits administration, performance management, and reporting solutions, catering to the entire spectrum of HR responsibilities.
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Workers Compensation
Paycor | September 18, 2023
LaborIQ, an emerging tech firm specializing in market compensation software, and Paycor, a prominent supplier of human capital management (HCM) software, have unveiled a referral partnership aimed at assisting HR leaders in talent recruitment, management, compensation, and professional development with market-competitive salary insights for all job roles across the US.
The strategic referral alliance is geared towards equipping Paycor clients with the most competitive salary recommendations tailored to today's job market demands. Additionally, it offers solutions for employee retention, fostering growth within their organizations. Claudine Zachara, President & COO of LaborIQ, expressed her delight in partnering with Paycor, acknowledging their dominant position in HCM solutions for HR teams.
She stated,
LaborIQ’s compensation software, together with Paycor, creates an advantage for companies who need today’s answers for reducing pay gaps and hiring. Technology, methodology and speed have significantly evolved in the HR tech space.
[Source: BusinessWire]
Paycor clients will now enjoy exclusive advantages from LaborIQ's software. This collaboration offers unrestricted access to salary recommendations and pay benchmarks for a vast database of over 20,000 job positions.
About LaborIQ
LaborIQ is at the forefront of modernizing how US organizations access market-competitive compensation recommendations. The company believes that to compete for talent and achieve success, organizations must have access to unparalleled salary data quality, supported by rigorous labor market research, analysis, and validation. LaborIQ empowers HR teams to expedite hiring processes, reduce turnover, and ensure precise compensation decisions, earning the trust of thousands of users who rely on them for salary recommendations, pay gap closure, and streamlined pay transparency strategies.
About Paycor
With over three decades of experience, Paycor has established itself as a leader in human capital management. The entity’s HCM platform revolutionizes all facets of people management, encompassing recruitment, onboarding, payroll processing, career development, and talent retention. What truly distinguishes Paycor is its unwavering focus on leaders, stemming from more than 30 years of listening to and collaborating with leadership teams. This extensive experience has equipped Paycor to understand leaders' unique needs, resulting in a unified HR platform with seamless integration capabilities, robust analytics, talent development resources, and adaptable technology tailored to meet specific industry requirements. Trusted by a community of over 30,000 customers, Paycor is the preferred partner for addressing HR challenges and achieving organizational goals.
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Workforce Management
Lattice | September 22, 2023
Lattice, an innovator in people management software, has announced the introduction of Lattice HRIS, a cutting-edge human resources information system designed to oversee employee records seamlessly and integrate with Lattice's existing suite of talent products. This integration empowers customers to analyze vital metrics, unearth invaluable insights about their workforce, substantiate the success of their HR initiatives, and automate change management processes throughout their organization.
Lattice HRIS has been developed to assist growing enterprises in linking essential performance, engagement, compensation, and employee development initiatives with the data, policies, and procedures essential for their triumph. Companies can join an exclusive early access program waitlist today, affording them the opportunity to explore Lattice HRIS and provide input on the product prior to its public release next year.
Jack Altman, CEO and co-founder at Lattice, shared his perspective on this milestone, stating,
Lattice has spent eight years building products that assist HR leaders create enhanced employee experiences to build more meaningful careers, from performance management to employee engagement surveys to career development to compensation management — all based on the idea that people are the central asset for any company.
[Source – Cision PR Newswire]
He added that they had identified an opportunity to build upon the achievements of their talent suite and establish connections between high-impact talent programs and the necessary policies, documents, and reporting tools required by HR leaders to obtain a comprehensive insight into their employees. He noted that the initiative also aimed to streamline their HR technology stack.
A recent survey underscores the growing desire among CEOs for HR to assume a central role in their businesses, with 90% expressing this sentiment. However, only 45% reportedly believe that they are effectively nurturing conditions for HR's success. As a result, HR leaders are actively seeking innovative HR tools that will position their teams for success, elevate performance, and drive business outcomes while supporting the growth and engagement of employees, managers, and teams.
As the first HRIS in the market to operate alongside a top-rated, adaptable talent management suite, Lattice stands uniquely positioned to deliver an HR platform tailored to the needs of today's strategic HR leaders. Lattice HRIS empowers HR teams to enhance efficiency, effectiveness, and excellence across their organization through features that enable them to:
Facilitate seamless onboarding experiences that not only ensure the capture of accurate employee information but also empower employees to hit the ground running on their respective projects.
Analyze people metrics with precision, enabling HR leaders and executives to save, schedule, and share crucial people-related reports.
Enable teams to track and manage attendance, holiday calendars, and leave effectively, with intuitive visualizations of time off balances to proactively address burnout.
Visualize, compare, and unearth actionable people insights that inform strategic decision-making, enhancing employee engagement, reducing turnover, and advancing diversity initiatives.
Seamlessly integrate with globally renowned payroll, hiring, benefits, and identity management companies, guaranteeing a seamless HR experience that caters to the comprehensive needs of HR teams.
Construct workflows that automate employee communications and mitigate change fatigue by ensuring the right information reaches employees at the right time.
Sarah Walker, who serves as the Head of People at LTSE and has experience as a Lattice HRIS beta user, emphasized the significant potential for transformation offered by Lattice HRIS. She observed that integrating strategy and performance is the pivotal role HR can fulfill within a company. According to her, there is a need to establish greater efficiencies to support the efforts of their people leaders in this regard. Sarah Walker pointed out that Lattice HRIS provides a consolidated platform for their people leaders to address these requirements and facilitate the deeper integration of HR into the business. Mid-sized US-based entities can now enroll in the early access program.
About Lattice
Lattice's people management platform offers an interconnected and intuitive suite of HR tools designed to drive excellence and nurture people-centric cultures. Combining an HRIS with continuous performance management, employee engagement surveys, compensation management, and career development tools, Lattice's platform empowers HR teams to invest in their people and accelerate business outcomes. With a presence in North America, the UK, and Europe, Lattice serves over 5,000 customers worldwide, including Gusto, Slack, Ramp, Intercom, Tide, and many more. The company has earned a spot on the Inc. 5000 list of the fastest-growing private companies for four consecutive years and boasts a 99% Great Place to Work rating among its employees.
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Payroll
HiBob | September 07, 2023
HiBob, the modern HR platform that powers productivity, engagement and retention, and Papaya Global, a leading HR and payroll solution provider, has partnered to offer robust HR-integrated payroll solutions for multinational companies. By integrating HiBob's HR data with Papaya's platform, organizations can streamline global payroll and payments, optimizing processes and improving operational efficiency. This partnership addresses the critical need for seamless HR and payroll solutions in today's global workforce landscape.
With this collaboration, organizations can seamlessly integrate HR, PTO (Paid Time Off), and compensation data from HiBob with Papaya Global's platform. This real-time data synchronization empowers multinational companies to consolidate and optimize their people and payroll processes. As a result, customers can unlock new opportunities, enhance operational efficiency, and maintain agility in a constantly evolving global business landscape. This partnership aims to address the specific needs of multinational organizations, ensuring they have the tools to navigate the challenges of managing a global workforce effectively.
Furthermore, the partnership ensures compliance with local tax regulations, labor laws, and data privacy requirements, facilitating smoother global expansion efforts for organizations. With Papaya Global's recognition as one of TIME Magazine's 100 Most Influential Companies of 2023 and HiBob's acknowledgment as a TIME Magazine Best Invention of 2022, customers can trust this compliant and user-friendly solution supporting their global expansion efforts.
CEO of HiBob, Ronni Zehavi, commented,
We are thrilled to announce this alliance. It will be a game changer for companies struggling with payroll complexities in managing their global workforce. This integration strengthens our commitment to providing world-class HR and payroll management solutions to multinational companies, granting them the tools they need to thrive in today's dynamic business environment.
[Source – Cision PR Newswire]
About HiBob
Founded in 2015, HiBob is a leading force reshaping contemporary workplaces with its cutting-edge HR platform, 'Bob.' The company's platform simplifies the intricacies of HR processes, introducing a revolutionary and user-friendly tool that impacts every employee throughout the organization. HiBob thrives on a culture of innovation, continuously engaging in learning loops to trigger significant cultural transformations for companies with dynamic and distributed workforces.
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