15Five | March 14, 2022
15Five today announced the release of Perform, a robust performance management solution designed to help HR leaders create a performance program that fits their organizational goals, culture, and technology stack.
Perform enables HR leaders to run an end-to-end performance management cycle, from performance reviews through to employee compensation and career development conversations. The platform has been designed from the ground up to be easy-to-use for HR leaders, beneficial for managers and employees, and robust for managing the back-end administrative demands of a performance cycle for companies of any size.
“As companies adapt to a new work environment, the performance review needs to evolve and adapt, In addition to helping employees develop in their roles and drive informed decisions for advancement and compensation, the modern HR leader needs a performance review system that saves time to deploy, is flexible to their needs, and embeds seamlessly into their existing solutions. We designed a streamlined workflow with the goal of saving HR's time.”
-Vincent Huang, Chief Product Officer at 15Five.
The Perform platform is informed by 15Five’s research, which revealed that there are several inconsistencies and gaps in how HR leaders, managers, and employees perceive and experience the performance review process and its outcomes. For example, 75% of HR leaders agree that the review process provides an accurate representation of performance. That confidence level drops to 66% of managers and 43% of employees. 79% of HR leaders think the process is fair and equitable, but only half of employees agree. Similar differences exist for perceptions around the ability of reviews to improve performance, engagement, and employee satisfaction.
Data also suggests the need for a new approach to make this process effective in the modern workplace. Leveraging Perform, HR leaders and managers are given an opportunity to reimagine the performance review process at their organizations, close the experience gaps, and make the process impactful and fair to all involved.
An Easy-to-Use Solution
A problem common to many performance review platforms is they become cumbersome and fail to maintain a user-friendly experience as they mature. They rely on manual processes that are time-consuming, labor intensive, and fraught with human error. The result is that following implementation, the platforms are often left untouched by managers and employees.
However, being easy-to-use is in Perform’s DNA. The product features facilitate ongoing, growth-oriented performance conversations that are seamlessly integrated into the performance review process for greater accuracy and ease of use.
Dynamic integrations with HRIS platforms
Perform also enables dynamic integrations with leading human resources information system (HRIS) platforms, beginning with ADP and followed shortly by Workday and UKG. It streamlines the process of real-time updating by automatically receiving employee data from the HRIS and sending performance review data back. As a result, the HRIS can be maintained as the ‘central source of truth’ for all employee data, from job roles to historical performance results.
Perform can be customized to neatly fit with any culture or tech stack to create an experience that’s convenient for HR leaders and easy for employees to adapt. It gives HR easy access to prebuilt dashboards that are readied for quick insights that drive action. Perform’s dashboard and data tools allow HR leaders to get granular when required or view a summary analysis for an immediate read of a situation, such as company-wide stats on review completions.
Founded in 2011, 15Five equips HR leaders to play a strategic role in their company’s growth. HR leaders use 15Five to combine engagement, performance and OKRs on one platform so they can make insightful decisions and take strategic action. Unlike other “command and control” performance systems, 15Five uses the latest in people science to turn managers and employees into self-driven owners of performance and engagement. To further the impact of talent on company growth, 15Five also provides education, coaching and community for HR leaders, managers and employees. HR leaders at over 3,200 companies, including Credit Karma, Spotify and Pendo, rely on 15Five’s software and services to make their talent a growth driver.
UKG | May 21, 2022
UKG, a leading provider of HR, payroll, and workforce management solutions for all people, announced today that M Group Services, one of the largest essential infrastructure services organizations in the U.K. and Ireland, has selected UKG Dimensions to support its rapid growth and provide a more transparent and empowering employee experience.
M Group Services employs more than 10,000 skilled specialists and provides services within the water, energy, transport, and telecommunications sectors. With 240 locations, 19 operating businesses, and continued growth by acquisition, the organization sought a flexible workforce management solution to support its complex and highly remote workforce as well as improve productivity and operational efficiency.
“We have a mix of salaried and hourly employees, including meter readers, utility workers, field systems technicians, and engineers — many who work offsite each day. There’s also a lot of complexity in our business and how we pay people based on the type of work they do, For years, we’ve relied on spreadsheets to capture the hours our employees work, which has proved to be a cumbersome and inaccurate operation. Dimensions will automate those processes to ensure we’re getting the data right and paying our people correctly. Dimensions will empower our people to be in control of their time by allowing them to record their hours directly in the system, In turn, that will give us much-needed, real-time visibility into labor hours so we can charge clients correctly and ensure every employee paycheck is accurate.”
-Colin Jellicoe, group human resources director at M Group Services.
A key driver for the organization’s selection of Dimensions is the ability to integrate with the company’s payroll solution, which M Group Services estimates will save more than $1 million in administrative costs.
Jellicoe added that the Dimensions mobile app will deliver a more transparent and engaging experience for all employees, which is critically important to the organization.
M Group Services believes the increase in employee engagement will result in an increase in retention.
At UKG, our purpose is people. As strong believers in the power of culture and belonging as the secret to success, we champion great workplaces and build lifelong partnerships with our customers to show what’s possible when businesses invest in their people. Born from a historic merger that created one of the world’s leading HCM cloud companies, our Life-work Technology approach to HR, payroll, and workforce management solutions for all people helps more than 70,000 organizations around the globe and across every industry anticipate and adapt to their employees’ needs beyond just work.
NewCo Capital Group, LLC | January 17, 2022
NewCo Capital Group ("NewCo" or the "Company"), a leading provider of services, tools and capital to the SMB ecosystem that fosters growth for small-medium business across the United States, announced it completed paying special bonuses while increasing existing compensation packages to current employees all of whom are greatly appreciated and valued within the organization.
Over the last 18 months, no employees were asked to take temporary pay reductions as NewCo Capital Group understands that its employees and contractors are the core competencies that define the exceptionalism for which the organization is known. Unlike some of its lesser counterparts, at no time did NewCo need to furlough any employees during the pandemic. Furthermore, the organization believes that it had a responsibility to assist its employees during this difficult time. The Company believes that its action to pay special bonuses and increase compensation packages are consistent with the organization's values and culture.
The organization believes that it had a responsibility to assist its employees during this difficult time.
In December 2020, CNBC reported that a MagnifyMoney survey revealed that roughly 1 in 3 full-time workers experienced a pay cut due to the coronavirus pandemic. NewCo believes that not only did most companies not pay any special bonuses to their employees, some providers of capital unfortunately forced pay reductions of at least 10 percent on their already underpaid staff.
"We founded NewCo to promote a sustainable-funding solution for small business owners while providing greater opportunities for our employees and contractors alike. Newco's delivery on that promise is consistent with that mission and we're proud to be a citadel during these difficult times. Our values and corporate culture continues to guide us and NewCo will continue to deliver an exceptional product and retain its position and influence as a Preferred Merchant Cash Advance provider within the industry."
- Albert Gahfi, CEO of NewCo
About NewCo Capital Group, LLC
NewCo Capital Group is an Alternative Finance company specializing in MCA Bridge-Capital. As a Preferred Provider, the company is focused on fostering growth within the Small and Midsize Business (SMB) ecosystem. We are passionate about providing fast and easy access to capital for small businesses to help them grow, scale and create jobs. Our technology, proprietary methods and extensive experience is what differentiates us allowing us to maintain our competitive edge and continue to provide value to our Merchants and employees alike.
THE STARR CONSPIRACY | December 30, 2021
The Starr Conspiracy, a B2B marketing agency focused on companies creating the future of work, announced that it will be the exclusive underwriting sponsor for Laurie Ruettimann's Punk Rock HR podcast for 2022.
As a podcaster, entrepreneur, author, CNN commentator, and popular guest speaker, Ruettimann is focused on creating workplace cultures that support, empower, and engage workers meaningfully. Her book Betting On You, released this year, was featured on NPR, The New Yorker, USA Today, The Wall Street Journal, and Vox.
The Starr Conspiracy frequently books its clients on podcasts with significant reach. Punk Rock HR, a top 5% podcast based on audience, is widely followed by HR leaders and practitioners as well as corporate leaders who want to improve the work experience.
"The future of work has arrived and it's even more challenging than it was prior to 2020, Laurie's voice as an authentic advocate for creating better employment experiences that benefit everyone — individuals, managers, and employers — is more important than ever."
-Steve Smith, partner and Chief Marketing Officer at The Starr Conspiracy.
For over 20 years, Ruettimann has told work-life stories as a thought leader, author, podcaster, keynote speaker, and consultant. As a former human resources leader for companies like Monsanto and Pfizer, she believes that it is way past time to fix a world of work that's broken. Through her storytelling and provocative interviews, Laurie casts a spotlight on innovators, leaders, and practitioners who are trying to fix the world of work.
ABOUT THE STARR CONSPIRACY
You're busy creating the future of work. You don't have time to teach an agency what you do. At The Starr Conspiracy, your work is our business. Brand or demand. Traction or scale.
ABOUT PUNK ROCK HR
Since 2018, Punk Rock HR has been a popular podcast focused on fixing work. It airs on Mondays on all podcasting platforms. Last year, it reached the milestone of over 500,000 downloads. Each week, Laurie talks to thinkers, entrepreneurs, technologists, and others who are innovating in the new world of work. Past guests have included politicians, thinkers, and leaders like Andrew Yang, Amy Edmondson, Zach Nunn, Julie Zhuo, Bob Sutton, Adam Alter, Julie Lythcott-Haims, Erica Dhawan, Lindsey Pollak, Torin Ellis, and Dan Schawbel.