HR PRACTICE,HR STRATEGY
OneSource Virtual and Cognizant | November 03, 2022
Cognizant (NASDAQ: CTSH) has entered into an agreement to acquire the professional services and application management practices of OneSource Virtual, a Workday partner based in Dallas, Texas. Acquiring these practices will complement Cognizant's existing finance and HR advisory implementation services with Workday, expanding capabilities in consulting, deployment, and post-deployment support across North America and the United Kingdom.
"Adoption and migration to the cloud to manage workflows is only accelerating, and the Workday platform ecosystem continues to be embraced as a critical tool to provide finance, HR, and other functions greater resiliency and agility. Acquiring the professional services and application management practices from OneSource Virtual enables Cognizant to expand our client offerings and provide end-to-end support in the business transformation journey, We are pleased to be welcoming the talented professionals from OneSource Virtual who will join Cognizant in growing and expanding our Workday capabilities globally."
-Rob Vatter, Executive Vice President of Cognizant's Enterprise Platform Services
Cognizant will gain nearly 400 new employees upon closing of the acquisition, enhancing its expertise and number of professionals holding certifications in Workday implementation and support. Located throughout the United States, Canada, and the United Kingdom, these individuals will join Cognizant as part of its Collaborative Solutions team, the hub of Cognizant's Workday practice. Acquired by Cognizant in 2020, Collaborative Solutions is one of the longest-tenured Workday Services Partners.
We believe that our shared value of customer centricity makes Cognizant the ideal home for our professional services and application management services businesses while we concentrate on the Business Process as a Service (BPaaS) division going forward, We also believe customers will appreciate the way this sharpens the focus of the professional services, application management, and BPaaS teams and enables them to operate independently to speed up investment in new products and geographical expansion. In the end, what we are all about is providing growth and innovation for our customers, and we are confident that this will enhance our ability to do that more effectively,said Trey Campbell, Chief Executive Officer, OneSource Virtual.
We are excited about Cognizant's acquisition of OneSource Virtual's professional services and application management practices, We look forward to continue partnering to help our customers embark on their digital transformation journeys and equip leaders with the finance and people insights they need to respond to shifting business needs,said Sam Alkharrat, Chief Partner Officer, Workday.
The acquisition is anticipated to close by year-end 2022, subject to satisfaction of closing conditions. Financial details were not disclosed.
About OneSource Virtual
OneSource Virtual is a leading provider of Workday Services, Solutions, and Products. Founded in 2008 in Dallas, Texas, OSV operates in North America and Europe to deliver outcomes that boost productivity, improve compliance, and increase internal capacity for over 1,300 customers around the world. Since its founding, OSV has been awarded numerous accolades and has a 98% retention rate. OSV's leadership teams are composed of highly experienced professionals in their respective fields. Together they offer the expertise and deep knowledge of the global marketplace to deliver comprehensive solutions and services for HR and Finance and Accounting.
Cognizant (Nasdaq: CTSH) engineers modern businesses. We help our clients modernize technology, reimagine processes and transform experiences so they can stay ahead in our fast-changing world. Together, we're improving everyday life.
RECRUITMENT & RETENTION
Indeed | September 22, 2022
Indeed, the world’s #1 jobs site has unveiled a new campaign, ‘Don't just hire, HIRE BETTER’. Through a series of humorous videos, Indeed’s new campaign highlights the issues that companies face if one does not rely on proper recruitment tools to hire employees.
The ad campaign goes live in 6 key cities - Delhi NCR, Bangalore, Ahmedabad, Indore, Patna, Lucknow and multiple local languages. The series consists of three ads and showcases hilarious goof-ups when hiring through referrals in three different scenarios. The concept pulls from the insight that while there’s a shift in online recruitment for SMBs, oftentimes SMBs still rely on their 1st party sources to hire. In fact, data from Indeed’s survey showcased that 7 out of 10 SMBs in India prefer hiring employees through personal references. The videos and print ads show a humorous approach to workplace scenarios gone wrong when hiring outside of Indeed.
Conceptualized and created by DDB Mudra the ad campaign is directed by Vivek Kakkad. The ad films and creatives will be spread across various digital and print platforms that employers and job seekers choose to watch such as YouTube and physical press across regional and national newspapers.
The need to hire better
Though the past couple of years have been challenging for SMBs, many of them have used the pandemic as an opportunity to lay the foundation for a strong digital future. Traditionally, SMBs have been competing continuously with not just other small businesses but also large enterprises for talent. They tend to have an attitude of choosing resources based on personal relationships such as ‘Chacha ka ladka bahut hoshiyaar hai’ which is showcased in this ad campaign. To compete successfully in the era of digitization, a skilled workforce is the need of the hour, making it all the more important for SMBs to hire the right talent to aid in their transformative growth journey.
Indeed for SMBs bring hiring solutions within reach of Indian entrepreneurs. SMBs can access Indeed’s vast pool of job seekers and use Indeed’s unique products and features to find the right fit for their business.
Indeed, the world’s #1 job site is set to transform the recruitment process for small and medium businesses in India. In its bid to connect emerging companies with the right talent, Indeed India offers its unique platform, attracting over 250 million job seekers, to budding entrepreneurs, in order to address their hiring needs.
The Small and Medium Business sector forms an integral part of the economy, making a significant contribution toward integral economic indicators such as the nation’s GDP and employment, to name a few. The rapid growth of the sector has resulted in job creation across various sectors.
“Our campaign is focused on reaching out to SMBs - the high-growth market in India. This campaign will address their concerns regarding hiring employees, through a series of relatable films which resonate with them. Indeed provides easy hiring solutions for SMBs and aims to constantly innovate to help these companies find the right talent through its platform,” said Nishita Lalvani, Director, Indeed India and SEA.
“Hiring in small and medium businesses in India gets done through word of mouth over legitimate channels. And this may turn out to be a problem since the owners appoint employees with mediocre aptitude, causing potential losses for the businesses. The objective of this campaign was to target SMB owners specifically and encourage them to subscribe to the platform. Thus, changing their typical approach towards hiring and their standard practice of appointing someone they know instead of hiring someone who knows what to do,” said Sooraj R Pillai, Senior Creative Director, DDB Mudra
According to Indeed’s survey data, SMBs are expected to create 2 million jobs in the next 5 years. The Indian hiring ecosystem also is undergoing positive growth with employers increasing hiring by 29% in April to June 2022 in the face of global inflation. The campaign aims to solidify the need for SMBs to hire right to continue the positive growth trajectory.
The duration of the ad films are: 20 seconds and can be viewed below:
What happens when you rely on hiring practices that do not evaluate the fitment between the candidate’s skills with the requirements of the job? Watch the film to know more:
The creatives are also live on Indeed’s social media: https://www.instagram.com/indeedindia_1/?hl=en
Agency - DDB Mudra
Creative - Sooraj R Pillai, Rahul Mathew, Vishnu Srivatsav, Sudhira Mendon
Business - Nahum Jacob, Shweta Goyal
Production House - Pack Films
Director - Vivek Kakkad
More people find jobs on Indeed than anywhere else. Indeed is the #1 job site in the world and allows job seekers to search for millions of jobs on the web or mobile in over 60 countries and 28 languages. More than 250 million people each month search for jobs, post resumes, and research companies on Indeed.
For more information please contact -
Saumitra R Chand | Saumitra@indeed.com | +91-9535044316
WORKFORCE MANAGEMENT,HR STRATEGY
CoAdvantage | November 15, 2022
CoAdvantage Corporation ("CoAdvantage"), a leading national provider of strategic human resource solutions for small to mid-sized companies, is pleased to announce it has acquired Georgia-based MomentumHR, a provider of outsourced HR services. The merger of the two companies will strengthen CoAdvantage's presence in Georgia while accelerating the company's overall growth and national footprint.
"We are excited about the MomentumHR acquisition expanding our market presence as we continue to build value and deliver an exceptional customer experience powered by our proprietary HR technology and outstanding customer service, We are looking forward, with great optimism, to an exciting year in 2023 as we remain focused on driving innovation and expanding our presence nationally."
-Clint Burgess, CoAdvantage President, and CEO
MomentumHR, located in Savannah, Georgia, is one of the Southeast's premier private PEOs and has established a strong regional market position. Merging with CoAdvantage solidifies our leading presence in the Southeast and continues our mission to providing a high standard of service and quality of outsourced HR solutions, said MomentumHR CEO David Kindred.
CoAdvantage's acquisition of MomentumHR follows the company's recent acquisition of Alabama-based SourcePointe and the opening of two additional offices in Tennessee and Oklahoma. CoAdvantage continues to pursue other acquisitions as part of the company's overall growth strategy.
CoAdvantage is a leading Professional Employer Organization (PEO) that offers small and mid-sized businesses a comprehensive package of human resource solutions, enabling them to reduce their administrative burden and access affordable employee benefits. The company integrates payroll and tax processing, employee benefit plan administration, risk management, government compliance, and other human resources services into a single-vendor solution that is exceptionally efficient and effective.
MomentumHR is a Georgia-based Professional Employer Organization (PEO) with over 20 years of experience in providing payroll administration, workers' compensation, employee benefits, and human resource solutions to all sizes of businesses at a national level. Founded in 2000 with a focus on providing a high standard of service and quality outsourced HR solutions, MomentumHR is one of the fastest-growing private PEOs in the Southeast.
HR ANALYTICS,EMPLOYEE ENGAGEMENT
Workhuman | November 29, 2022
Workhuman®, the company revolutionizing how employees celebrate, connect with, and appreciate each other in the workplace, today announced its 2021 revenues and billings, the appointment of a new board member, and the investment of €2.8M to expand its physical presence in its Ireland headquarters with a new state-of-the-art facility. The growth reflects a widespread movement among global enterprises to harness a culture of appreciation, which drove gross revenues in 2021 to reach more than $876M, up 28% from $682M in 2020.
In 2021, Workhuman recorded billings of more than $1.1 billion, along with $287M in net platform revenue. In addition, the company, which has nearly seven million people on its platform, processed more than 12 million billable awards (moments of recognition with a monetary value associated with them) in 2021 – a near-50% increase from the previous year.
"Workhuman is on an incredible trajectory, growing 28% year-over-year, as organizations continue to understand the impact that employee recognition can have on both their humans and their bottom line. Employees are worth more than any other tangible asset in the global economy. Between voluntary turnover and disengaged employees, organizations are battling a $1 trillion problem, Workhuman's employee recognition program can save enterprises millions in turnover costs, and our customers feel the positive impact of a culture of gratitude and appreciation on their bottom line. We're proud of our growth and look forward to helping more organizations meet today's biggest human capital challenges."
-Scott Dussault, Chief Financial Officer at Workhuman
Workhuman also announced that it has appointed to its board Vidya Peters, former Chief Operating Officer at Marqeta, a modern card-issuing platform. Previously, she was the Chief Marketing Officer at MuleSoft, acquired by Salesforce, and before that, she held various strategy and marketing roles at Intuit and Bain & Company. Peters brings a wealth of go-to-market and operating experience to the Workhuman board and will immediately replace Lorrie Norrington. She holds a B.S. in Industrial Engineering from Northwestern University, an MPA in Public Administration from Harvard University, and an MBA in Marketing and Finance from Northwestern University's Kellogg School of Management. Peters was named one of the Most Influential Women in the payments industry by American Banker in 2022.
We are very excited to add Vidya to the Workhuman board. Her deep expertise and experience with customer success building and managing operating efficiencies in the technology space make her a valuable addition to our board, We would like to thank Lorrie for her many contributions that had a positive impact on the growth and success of the company,said Workhuman CEO Eric Mosley.
As part of its €2.8M investment in Dublin, Workhuman expanded its physical footprint by approximately 15,000 square feet with a brand-new facility. In addition to more physical space, the company revamped its in-office perks to prioritize its employees' professional success, health, and emotional well-being and safety. These improvements include wellness, fitness, learning and development spaces, and more.
After spending years at home during the pandemic, employees have never been more aware of what they expect from their work and workplace. They have new and increased expectations of their employers and workplaces desiring a dramatically different and better experience than the one they left. Our new workplace goes far beyond the physical space into every aspect of the employee experience throughout the workday, tying together space, technology, behaviors, and amenities, The new way of working is making the workplace a destination, not an office. We have created a space that supports our culture and strengthens our community,said Jess Klay, VP of Global Workplace Experience Design at Workhuman.
Workhuman® is helping companies meet today’s biggest human capital challenges - including unprecedented turnover, employee engagement, hybrid work environments, and DE&I - through the Workhuman Cloud®, a secure SaaS platform that provides the industry’s best-in-class Social Recognition® solution. As the leading global provider of technology solutions, analytics, expertise, and services helping organizations of all sizes build and foster workplace cultures powered by employee recognition and crowdsourced feedback, Workhuman is revolutionizing the way employees celebrate, connect with, and appreciate each other in the workplace. Combined with unmatched data through Workhuman iQ™, we empower HR and business leaders with proactive insight to understand issues as they develop and tools to help them make the right decisions to align business objectives and culture to deliver immediate impact. And, with world-class award redemption from our proprietary global e-commerce network, Workhuman is committed to building more connected human-centered workplaces that recognize the value and potential of each and every employee.
For more than 20 years, Workhuman has been pioneering the human workplace by disrupting legacy and obsolete HR approaches to improve the employee experience at work, with solutions that engage with approx. seven million customer employees in 30+ languages, in 180 countries, generating 100 million instances of human connection. With dual headquarters in Dublin, Ireland and Framingham, Massachusetts, Workhuman employs 1,000 people who deploy solutions and services at scale, committed to helping companies improve returns on their most important investment– their people.